Articles tagged “china”

Chinese Merger Money in Travel Will Likely Dry Up

Chinese Merger Money in Travel Will Likely Dry Up

Brooke Sutherland, Bloomberg

Conventional wisdom in the last few years had Chinese investors from Anbang to HNA poised to scoop up and consolidate U.S. travel companies, meaning Google, Booking, Expedia and TripAdvisor weren't the only games in town. That prospect has faded, if not disappeared, although strategic buyers in China may still make some noise.

11 hours ago

China Takes Control of New York Waldorf Astoria Owner Anbang

China Takes Control of New York Waldorf Astoria Owner Anbang

Bloomberg

The Chinese government is trying to contain the economic fallout from Anbang's over-reaching. From a long-term perspective, Starwood dodged a bullet when it ended up in Marriott's arms instead of the opaque Chinese insurance conglomerate.

2 days ago

Australia Is Benefitting From a Rise in Chinese and Indian Tourists

Australia Is Benefitting From a Rise in Chinese and Indian Tourists

Michael Heath, Bloomberg

The growth of Chinese outbound tourism often dominates discussion but India is having its own boom.

5 days ago

Marriott CEO Details How the Company Messed Up in China

Marriott CEO Details How the Company Messed Up in China

Deanna Ting, Skift

If there's anything for other businesses to learn about this snafu, it's this: Don't mess with China.

1 week ago

Chinese Attractions Invest in Augmented Reality to Attract Tourists

Chinese Attractions Invest in Augmented Reality to Attract Tourists

Lulu Yilun Chen, Bloomberg

Many travel companies still struggle to harness the best of augmented and virtual reality, which haven't exactly taken off like some people imagined. Maybe these attractions in China are doing it right, or more affordably.

2 weeks ago

Travel Megatrends 2018: Ctrip Branches Out as Rivals Focus on Domestic Growth

Travel Megatrends 2018: Ctrip Branches Out as Rivals Focus on Domestic Growth

Steven Schwankert, Skift

The global travel industry wonders when Chinese companies and investors will play a bigger role. Restrictions on foreign investment are getting tighter. On the other hand, maybe they’re just not that into us.

2 weeks ago

China’s Bullet Trains Are Remaking Its Lunar New Year Holiday

China’s Bullet Trains Are Remaking Its Lunar New Year Holiday

Bloomberg

China's massive investments in its transportation infrastructure are nothing short of astounding.

2 weeks ago

South Korea Hopes Olympics Will Spur Return of Chinese Tourists

South Korea Hopes Olympics Will Spur Return of Chinese Tourists

Jiyeun Lee, Bloomberg

South Korea doesn't want just any Chinese tourists – it wants high spenders who can help bring the country's tourism economy out of a slump.

2 weeks ago

China’s New Commericial Jet Won’t Threaten Airbus or Boeing

China’s New Commericial Jet Won’t Threaten Airbus or Boeing

Dong Lyu and Bruce Einhorn, Bloomberg

It seems unlikely any airline in the Americas, Australia or Europe will take a chance on an unproven airplane. But China is a large market so that bodes well for the C919. And maybe once the aircraft is proven — if it ever is — airlines elsewhere will take a closer look.

3 weeks ago

Chinese Investors Remain Hungry for U.S. Hotel Assets

Chinese Investors Remain Hungry for U.S. Hotel Assets

Vinicy Chan and Katherine Chiglinsky , Bloomberg

While the more active players from previous years, like Anbang and HNA, have seemingly backed off from further U.S. hotel investments, smaller investment groups are now swooping in.

3 weeks ago

Chinese Outbound Tourism Is a Global Jobs Creator

Chinese Outbound Tourism Is a Global Jobs Creator

Tracy Chen, Bloomberg

One of China's largest exports is the country's outbound travelers, and their spending power is helping to reshape the world.

4 weeks ago

Ctrip Chairman Believes His Company’s the Answer for U.S. Travelers Headed to Asia

Ctrip Chairman Believes His Company’s the Answer for U.S. Travelers Headed to Asia

Sarah Enelow, Skift

Ctrip isn't pursuing U.S. travelers aggressively yet, but it will. The Trip.com deal was small, but might be seen as an early indicator.

1 month ago