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Leisure travel firm Tuniu reports 62.8% decline in Q4 revenue

Leisure travel firm Tuniu reports 62.8% decline in Q4 revenue

The company expects net revenues to increase by 45%-55% in Q1 2023.

03/17/2023|7:39:13 PM|ChinaTravelNews
Recovering China outbound, inbound travel boosting global tourism market

Recovering China outbound, inbound travel boosting global tourism market

Searches and bookings for group tours, airline tickets, and hotels surged on leading online travel agencies.

03/16/2023|11:41:26 AM|China Daily
China Duty Free Group to take 49% stake in CNSC

China Duty Free Group to take 49% stake in CNSC

The move is aimed at further improving and expanding the scale of CDFG’s duty free business and overall profitability.

03/15/2023|2:38:54 PM|DFNI Online
Global tourism industry woefully unprepared for return of Chinese travelers

Global tourism industry woefully unprepared for return of Chinese travelers

Travel agencies still need months to catch up with their capacity to service group tours.

03/13/2023|11:56:32 AM|Skift
PMS provider GreenCloud raises over $14 million in an OTA-backed round

PMS provider GreenCloud raises over $14 million in an OTA-backed round

The company has established partnerships with over half of the top 50 hotel groups in China.

03/11/2023|10:04:19 AM|ChinaTravelNews
Alibaba-backed Fliggy trains more female talents for China’s rural tourism

Alibaba-backed Fliggy trains more female talents for China’s rural tourism

Fliggy has been training rural tourism talents in 11 counties across 8 provinces in China since 2022

03/10/2023|2:36:17 PM|Pandaily
Chinese travelers are showing stronger travel intention to Europe, says ETC report

Chinese travelers are showing stronger travel intention to Europe, says ETC report

Travel intention to Europe for the first four months of the year is significantly stronger than a year ago in China (+21 points) .

03/08/2023|3:46:00 PM|ETC
Trip.com Group hopeful of Chinese outbound pie picking up in Q2

Trip.com Group hopeful of Chinese outbound pie picking up in Q2

The online travel company indicated that factors such as flight capacity are posing a big challenge to the outbound travel recovery, but this is expected to be resolved in the coming months.

03/08/2023|1:28:33 PM|Ritesh Gupta, ChinaTravelNews
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