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Chinese tourists to make 3.4 billion domestic trips in 2020
Reading Time: 2 minutesChina: According to the China Tourism Academy, Chinese tourists will make 3.4 billion domestic trips in 2020. The figure is down 43 per cent year on year from 2019 tourism statistics. Revenue is also meant to fall by 2.76 trillion yuan [$394 billion] in 2020, half of its previous year’s total revenue. The country’s initial […]
Visa and Airbnb announce women-led MSBs programme
Reading Time: 2 minutesChina: Visa and Airbnb announced their cooperation on a programme supporting women-led micro and small businesses (MSBs). The Beijing 2022 and Women Programme, initiated by Visa, hopes to improve the country’s internal capabilities in the run up to the 2022 Winter Olympic and Paralympic Games. Airbnb has created the Airbnb Rural Empowerment Toolkits for the […]
Ctrip considers going private and delisting from Nasdaq
Reading Time: 2 minutesChina: Chinese travel services provider Ctrip, also known as Trip.com Group Ltd, is considering the possibility of going private and delisting itself from the Nasdaq stock market due to rising tensions with the United States and the impact of the coronavirus on its business. According to Reuters, Ctrip’s management have contacted a number of financial […]
When borders open, Chinese travellers will be first to travel
Reading Time: 5 minutesChina: Rentals United co-founder and CEO, James Burrows, discusses how Chinese tourists are likely to be among the first in the world to restart travel in 2020, after the company’s partnership with China’s largest OTA, Trips.com. The coronavirus pandemic has rapidly worked itself around the globe devastating lives, economies, social structures, and businesses while wreaking havoc […]
70 per cent of OYO hotels in China have reopened
Reading Time: 2 minutesChina: OYO is seeing a small revitalisation of demand for travel, as 70 per cent of its Chinese hotels have reopened. The company also reported to Business Insider India that it has seen a slow rise in bookings since. China makes up the second largest global market for OYO after their home country of India. […]
OYO announces layoff round in India and China
Reading Time: 2 minutesIndia: Franchised short-term rental and hotel startup OYO has announced a significant layoff round, letting go of thousands of their employees across the core markets of India and China. The company has announced a five per cent layoff of its 12,000 staff members in China, and 12 per cent of its 10,000 employees in India, […]
Sweetome Group acquires CityHome and iYOUJIA.com
Reading Time: 2 minutesChina: Sweetome Group, part of Chinese online home-sharing unicorn Tujia, has purchased 100 per cent shares in domestic vacation rental startups, CityHome and iYOUJIA.com. The latest acquisitions will help to consolidate Sweetome’s position in China’s burgeoning rental market, given that the Group is also receiving a strategic investment from online classifieds platform 58.com. The funding […]
China embracing home-sharing and sustainable travel trends
Reading Time: 2 minutesChina: Booking.com chairwoman Gillian Tans has spoken about how China is embracing the growing global trend of home-sharing, as well as throwing its weight behind increasing sustainable travel initiatives. In an interview with the channel CNBC at the East Tech West Conference in Guangzhou , Tans said that the online travel agency is recording an […]
Airbnb gives China arm greater autonomy
Reading Time: < 1 minuteChina: Airbnb will empower it its China division to make its own locally-tailored strategy. The approach has been taken by many multinational companies, which have found that strategies that work in the West don’t always translate to the Chinese market. Nathan Blecharczyk, Airbnb’s co-founder and chief strategy officer, said: “We’ve invested heavily in having a […]
Airbnb asserts Chinese presence with hirings push
Reading Time: 2 minutesChina: As Airbnb asserts its presence across the hotel and leisure accommodation industry globally, it is making rapid progress on the hiring front in China to break through its competitive domestic market. James Mattone from Thinknum Media reported on China Daily reporter Fan Feifei’s article in the State Information Center, in which Feifei predicted that the […]