Tongcheng beefs up its hotel management, as Wanda buys more time
China’s third-largest online travel company is buying the hotel management unit of a former highflying operator now struggling to stay one step ahead of its creditors Key Takeaways Tongcheng has…
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…
‘Revenge travel’ slowdown puts damper on Trip.com’s banner year
After delivering impressive results for 2024, China’s leading online travel platform said it is confident of more growth in 2025 Key Takeaways: Trip.com’s reported its profit grew by a robust…
BRIEF: China Tourism Group Duty Free’s revenue, profit decline in 2024
Duty free store operator China Tourism Group Duty Free Corp. Ltd. (1880.HK) said on Thursday its revenue and profit both dropped by double-digit amounts last year, as Chinese consumers reined…
A Travel IPO and a Plan to Export Used Chinese Cars
Huoli could become China's first online travel agent to list in quite some time. And auto trader Cango is trying to export used Chinese cars. By Doug Young & Rene…
Huoli rides China travel boom to Hong Kong IPO
One of China’s leading mobility platforms plans to take its transport booking apps to the rest of Asia Key Takeaways: Huoli has filed to list in Hong Kong, reporting its…
INDUSTRY BRIEF: Chinese return to global travel
Chinese international bookings are up sharply this year for the upcoming National Day Holiday, as tourists rediscover their taste for overseas travel after a three-year pause during the pandemic. Outbound…
