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  • Short-haul tours provider 55 km nets millions of yuan in angel funding round2018-11-29

    Short-haul tours provider “55 km” announced that it has received tens of millions of yuan in its angel round of financing, backed by SoulLink Asset, Eagles Fund and Huadan Angel. 55 km started out as a consumer-facing short-haul tours platform and designed distinctive itineraries for domestic travel and tours to Southeast Asia, but it has since extended to include the corporate sector. In June...
  • Hyatt to double China presence with 60 hotels and 22,000 more rooms2018-11-19

    Over the next four years, Hyatt plans to double its presence in China with 60 hotels and 22,000 more rooms in the pipeline, representing nearly one-third of Hyatt's global development pipeline. Hyatt opened its first hotel in China in 1969 and today has grown to 58 hotels, seven brands and more than 19,000 rooms in Greater China. Stephen Ho, President of Greater China Global Operations, shared ...
  • Wanda confirms sale of two tourism units to Sunac China for $900 million2018-11-18

    Wanda Group on Monday confirmed that it has agreed to sell two of its tourism units to Sunac China for 6.28 billion yuan (USD 902 million), after denying an earlier report. The agreement came after “friendly negotiations” with Sunac, a statement posted on Wanda’s website said. Wanda also agreed to unwind a separate hotel management deal with Sunac as part of this transaction. A separate filin...
  • HNA unit offers airline vouchers instead of cash to repay investors2018-11-18

    A financing platform under HNA Group is offering investors air tickets rather than cash as repayment, the latest sign of the financial stress the Chinese conglomerate is under despite a slew of asset sales. Shenzhen-based Qianhai Air & Shipping Exchange that sells wealth management products to retail investors online, is offering tickets from Hainan Airlines or Grand China Air to repay what it ow...
  • nland and emerging cities to outpace top-tier cities in China biz travels2018-11-02

    The Chinese business travel market has become the biggest in the world in recent years and stands to continue its growth as the country’s secondary and tertiary cities become better connected to the rest of China. Cities like Zhengzhou, Chongqing, and Chengdu are experiencing greater business growth than established cities like Beijing and Shanghai, according to the Global Business Travel Associ...
  • Ctrip partners with London ground transport startup Splyt2018-10-02

    Chinese travel giant Ctrip has announced a partnership with pioneering London on-demand ground transport start-up Splyt to provide bookability through the agency’s app. The world’s second largest online travel agency said its customers will be able to instantly book a ride without having to download any other apps. As a result of the deal Ctrip said its customers now have global ride-hailing a...
  • Golden week isn’t looking as prosperous for Macao’s casinos2018-10-01

    About 40% of the rooms in the territory's three-to-five-star hotels have been fully booked as at Friday, three days before China's week-long holiday starts, according to online booking websites including Agoda.com and Expedia. That compares with 80% at roughly the same time last year. Hotels are charging about double or triple their usual prices, a lower premium than 2017 when some suites were lis...
  • Chinese millennials nearly doubled travel spending in the past year2018-09-22

    Chinese residents born after 1990 are fueling a surge in international travel, with a preference for local experiences, independent accommodations and long-haul destinations. Researchers of Hotels.com found Chinese millennials spent 80% more on travel between May 2017 and May 2018 than they had in the prior twelve months. The report is based on interviews of more than 3,000 Chinese residents age...
  • Helsinki to make travel easier for Chinese tourists through their phones2018-09-16

    On September 5, Helsinki Marketing, a marketing company owned by Finland's capital, Tencent and Finnair signed a cooperation agreement to make travel information more accessible for Chinese tourists through their phones. Helsinki mayor Jan Vapaavuori said that the behaviors of Chinese tourists in Helsinki are changing and the city is making travel easier, such as launching a digital travel guide ...
  • Finnair to double Asian traffic two years earlier than the 2020 target2018-09-16

    Following Finnair’s Asian expansion, which most recently has seen the company boost operations in Japan, Hong Kong, and mainland China, TrvelDaily Media spoke to Finnair’s chief commercial officer, Juha J?rvinen. In your own words can you explain the structure of Finnair’s expansion strategy in Asia? Finnair has a goal of increasing the annual number of passengers carried to 20 million by 203...

Guangzhou Haishan Hotel

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