Ctrip reported net revenues of USD 2.8 billion in full year 2016, representing a 76% increase YoY. Accommodation reservation revenues rose 58% to USD 1.1 billion, accounting for 37% of the total revenues....
NIDA Rooms has secured a USD 5.6 million capital-raise from Chinas Shanda Group to bolster its growing budget hotel platform....
Ctrip posted GMV of RMB 430 billion (USD 62.5 billion) in 2016 and the company wants to grow Skyscanners contribution to Ctrips international business from 10%-20% currently to one-third or even more in the future....
TravelDaily China will present insights on China in ITB Berlin....
China Lodging Group (Huazhu Hotels) announced an agreement to buy 100% stake in boutique hotel operator Crystal Orange for RMB 3.65 billion (USD 540 million)....
Tuniu reported a 66.0% rise in total travel GMV to RMB20.0 billion (USD 2.9 billion) in 2016, according to its unaudited financial results for the fourth quarter and full year 2016....
Investment house Rockaway Capital bought the assets of Unister Travel. Unister Travel had essentially been up for sale since November 2015....
Transpose have been working on a clean-sheet rethinking of aircraft cabin architecture and passenger experience possibilities....
Guests are becoming increasingly tech-savvy and sophisticated travelers. They all expect personalization, want unique experiences and have higher expectations. However the real question they all had was: how do hotels achieve this?...
Looking into 2017, NDC will finally gain traction, ancillaries are starting to move mainstream, artificial intelligence, machine learning and deep learning will start to find their way into technology platforms....