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…
BRIEF:Trip.com profit leaps on travel rebound
Online travel agent Trip.com Group Ltd. (9961.HK, TCOM.US) reported its net profit jumped by five times year-on-year to 3.83 billion yuan ($5.38 million) in the second quarter, while its revenue…
Tongcheng slows spending as budget travel frenzy fades
The online travel agent has scrapped a major planned acquisition as it faces a slowdown from a sluggish economy, stagnating outbound tourism and backlash over its ease of refunds Key…
Bumpy ride for Fosun Tourism as bargain holidays on the rise
The Chinese owner of the Club Med chain and other travel brands is facing tighter tourism spending and could become a casualty of its parent’s debt problems Key Takeaways: Fosun…
FAST NEWS: Trip.com issues $1.3 billion convertible notes
The Latest: China’s leading online travel agent Trip.com Group Ltd. (9961.HK; TCOM.US) announced on Wednesday that it plans to issue $1.3 billion of convertible senior notes due 2029, with an option to…
Trip.com voyages back from pandemic lows, but lags global peers in valuation
The latest results from China’s top online travel agent showed it continues to dominate its home market, as it attempts to replicate that success overseas Key Takeaways: Trip.com’s revenue grew…