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Tencent-backed OTA Tongcheng reports 124.9 million MAUs in Q3

Lodging revenue rose 34.5% to RMB693.7 million in the third quarter, while transportation revenue climbed 1.6% to RMB1,139.6 million.

11/25/2019|5:59:02 PM|ChinaTravelNews

Hotel data operator Htrip secures RMB 100 million in A+ round funding

As of October 2019, Htrip has formed strategic cooperation with 34 out of the top 100 domestic hotel groups.

11/21/2019|6:01:24 PM|ChinaTravelNews

Meituan's in-store, hotel & travel revenues rise 39.3% in Q3

Annual Transacting Users in the twelve months ended September 30, 2019 grew by 14.0% to 435.8 million from 382.3 million in the twelve months ended September 30, 2018.

11/21/2019|5:40:02 PM|ChinaTravelNews

GreenTree reports 20.1% rise in revenue, 1.3 percentage points drop in occupancy

ADR was RMB 174, an increase of 4.2% year-over-year. Occupancy rate was 85.9% in the third quarter, compared with 87.2% in the third quarter of 2018.

11/21/2019|4:15:30 AM|ChinaTravelNews

Trip.com Group eyes TripAdvisor’s valuable assets via new pact

The group has taken this initiative to strengthen the overall trip planning tools that its brands have to offer, and in doing so also intends to propel the growth of its key brands, Trip.com and Skyscanner.

11/07/2019|6:24:30 PM|ChinaTravelNews

TripAdvisor recorded 7% drop in revenue in third quarter

In light of the difficult third quarter, TripAdvisor announced a comprehensive cost structure evaluation and authorized an additional $100 million share repurchase.

11/07/2019|10:07:29 AM|ChinaTravelNews

Trip.com Group, TripAdvisor form China joint venture and global content partnership

"The joint venture is like a chef with the best ingredients, but what kind of cuisine will the chef make to cater to the Chinese market and Chinese travelers? It remains to be explored."

11/06/2019|9:52:43 PM|ChinaTravelNews

Trip.com Group invests in multi-channel network to build KOL-derived content

KOLs are recruited and expected to generate an average of 20 videos or posts containing photos and texts each month. They also have to coordinate fully with Trip.com Group’s arrangements for their work.

11/06/2019|10:04:22 AM|ChinaTravelNews
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