tourism Archives - Pandaily

China to Drop COVID-19 Cross-Border Travel Restrictions

China's National Health Commission announced in a statement on December 26 that mandatory testing and quarantine for international arrivals will be canceled and Chinese citizens' outbound tourism will be resumed in an orderly manner.

Travel Retailer China Tourism Group Duty Free Corporation Limited Restarts Hong Kong IPO

China Tourism Group Duty Free Corporation Limited, a travel retailer, submitted its prospectus to the Hong Kong Stock Exchange again on Thursday, proposing to list on the main board, with CICC and UBS as co-sponsors.

Zuzuche Scores Tens of Millions of Dollars in Round-D Financing

Zuzuche, a global self-guided tourism platform, announced on Wednesday its recent completion of round-D financing worth tens of millions of dollars.

Trip.com: Chinese Ice and Snow Tourism During Spring Festival Boosted by Olympics

International online travel services platform Trip.com on Monday released a report regarding domestic Chinese tourism during the recent Spring Festival holiday period.

Alibaba invests $38.12 Million in UTour Group, Becomes Second Largest Shareholder

As of the close of December 8, UTour Group's share price was 4.88 yuan and its market value was 4.423 billion yuan.

Universal Beijing Resort Plans Expansion to Welcome More Eager Tourists

The Universal Beijing Resort is planning its second phase of construction, Beijing Municipal Government official Cui Shuqiang said at a press briefing on Wednesday.

Trip.com Group Opens 4.85% Higher on Hong Kong Trading Debut as China Anticipates Robust Rebound in Tourism

Shares of Chinese online travel company Trip.com Group climbed on the first day of trading in Hong Kong on Monday as the country looks forward to a strong recovery in travel during the upcoming Labor Day holiday.

Suning Partners with Hainan Tourism Investment Development to Expand Its Duty-Free Retail Market

On Dec. 28, China’s commercial giant Suning Group and its subsidiary Suning International partnered with Hainan Tourism Investment Development Co. Ltd to expand its duty-free retail market.

Trip.com Group Helps Revive Global Travel Industry through “LIVE for Trip” Livestreaming Campaign

Trip.com Group, on Oct. 28 held the “LIVE for Trip” campaign as a part of its “Travel On” initiative from Oct. 10, aiming to boost the recovery of the global travel industry.

Airbnb China Appoints Siew Kum Hong as Chief Operating Officer

Airbnb China today announced the appointment of Siew Kum Hong to the role of Chief Operating Officer (COO), effective on June 30.

COVID-19 Grounds Tourists, Forcing Travel Companies to Think Outside the Box

Chinese are the largest tourist demographic on earth, and as China and many other countries keep their borders closed, companies servicing this massive body of travelers are experiencing enormous losses.

Trip.com Posts Strong 2019 Earnings, Warns of Q1 2020 Slowdown

On March 19, Shanghai-based leading travel company Trip.com reported fourth quarter total revenue of $1.19 billion, beating analysts’ estimates.

OYO to Lay Off 5000 Employees Worldwide, Majority in China

The Indian hotel chain OYO is in the process of laying off over 5,000 employees worldwide. China will take the hardest hit due to the impact of the COVID-19.

Travel Industry Faces Pressure Due to the Coronavirus Outbreak

The COVID-19 a disastrous time for travel-related businesses, as well as all the other service-related industries. Non-essential travel plans have been mostly canceled, all travel platforms are experiencing huge losses due to trip cancelations.

South Africa Signs Deal with Tencent to Boost Tourism from China

South Africa has signed a two-year agreement with Chinese internet giant Tencent to use its popular social media platform, WeChat, to market tourism to millions in China.

China Sees Sharp YoY Increase in National Day Travel According to Didi Data

Didi Chuxing released a summary of the travel data for the 2019 National Day holiday that commemorated the 70th anniversary of the People’s Republic of China.

Is the Newly Extended Four-day Labor Day Holiday in China Driving Local Tourism?

The extended four-day labor day holiday has no doubt contributed to the national economy. According to statistics, the total domestic income from tourism reached as much as 117.67 billion yuan.

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