China Travel Int’l spinoff spotlights its natural scenery and cultural tourism aspirations
After divesting its real estate business last year, the company continues to restructure with plans to spin off its HKM Culture Tourism unit for a separate Hong Kong listing Key…
Trip.com braces for new era of competition with anti-monopoly probe
The company is being investigated for anti-competitive practices and investments that have given it control of more than 60% of China’s vast online travel market Key Takeaways: Trip.com could be…
BRIEF: Single show pony Impression Dahongpao launches modest IPO
Cultural tourism company Impression Dahongpao Co. Ltd. (2695.HK) launched its Hong Kong IPO on Friday, aiming to sell 36.1 million shares for HK$3.47 to HK$4.10 apiece to raise about HK$148…
Klook goes against the flow with U.S. listing plan
The Hong Kong-based online travel agent targeting young consumers is reportedly planning to file soon for a New York listing that could raise up to $500 million Key Takeaways: Klook…
INDUSTRY BRIEF: Thailand loses attraction for Chinese tourists
Chinese airlines plan to operate 12,800 flights between China and Thailand during this year’s peak travel season in July and August, down 22.6% year-on-year and 40% below pre-pandemic levels, financial…
Atour relies on network expansion to counter economic slowdown
The hotel operator’s revenue rose 55% last year, but it forecast the growth would slow to about half that level in 2025 Key Takeaways: Atour’s revenue rose 38.5% in the…
Impression Dahongpao trapped in its one-trick pony performance
The producer of an outdoor performances at a popular South China tourism spot has taken its own show on the road with a Hong Kong IPO application Key Takeaways: Impression…
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