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MakeMyTrip posts $5.4 million profit for Jan-Mar quarter

MakeMyTrip posts $5.4 million profit for Jan-Mar quarter

The NASDAQ-listed firm had posted a loss of USD 4.1 million in the same quarter of the previous fiscal.

05/18/2023|6:52:17 PM|Money Control
Douyin, TikTok's Chinese version, launches calendar-based hotel booking to take on OTAs

Douyin, TikTok's Chinese version, launches calendar-based hotel booking to take on OTAs

While service fee was only 4.5% of transaction value, the total cost for Douyin merchants is getting closer to traditional OTA commission cost taking into account other content operation costs.

05/17/2023|3:01:12 PM|ChinaTravelNews
Italian embassy in China denies rumor of suspending visa applications

Italian embassy in China denies rumor of suspending visa applications

ADS group tourism visa applications will resume soon.

05/15/2023|2:46:38 PM|Global Times
Why Chinese tourists are staying close to home, for now: Fliggy Executive

Why Chinese tourists are staying close to home, for now: Fliggy Executive

Aviation infrastructure is one aspect, and the other is tourism visas.

05/15/2023|2:42:09 PM|Alizila
Outbound travelers willing to spend more, report finds

Outbound travelers willing to spend more, report finds

The overall per capita budget for outbound tourists has risen 16%.

05/11/2023|2:41:44 PM|China Daily
Airbnb posts $117 million profit, but Q2 outlook disappoints

Airbnb posts $117 million profit, but Q2 outlook disappoints

Airbnb has grown increasingly concerned about rising rates, which could be pricing out some consumers.

05/10/2023|8:04:00 AM|AP
Tripadvisor Q1 revenue up 42% compared to 2022

Tripadvisor Q1 revenue up 42% compared to 2022

Tripadvisor Core accounted for more than 60% of total revenue.

05/08/2023|5:41:46 PM|PhocusWire
Chinese tourists return with lighter wallets

Chinese tourists return with lighter wallets

Scheduled international departures from China last month were just over a third of April 2019 flights.

05/05/2023|3:44:42 PM|Reuters
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