Tag: Travel

New Year, New Trends: Tourism, Housing, and Manufacturing

A total of RMB 423.3 billion was spent on tourism during this year’s Chinese New Year holiday period, a 15.9 percent increase from last year according to the National Tourism Administration. As part of a seven percent increase in outbound...

/ February 20, 2017

Major Chinese Travel Agencies Agree to $5.9 Billion Share Swap

Shuang Shan Baidu Inc.—the majority shareholder of Qunar Cayman Island Ltd—agreed to swap shares worth nearly $5.9 billion with Ctrip.com International Ltd in exchange for a 25 percent stake in Ctrip.com. At the completion of the deal that was revealed...

/ October 28, 2015
train yard

Merger of China’s Two Largest Rail Companies Forms $26 Billion Firm

By Lauren Dodillet  State-owned China CNR Corporation Limited (CNR) and China South Locomotive & Rolling Stock Corporation Limited (CSR) announced in a joint statement on December 30, 2014 that they will merge to form a single company—China Railway Stock Corp....

/ January 14, 2015

China’s Future Business Leaders

A former global executive glimpses China’s future through an immersion at Sun Yat-sen Business School. By Chris Hassall  I am now more than half way through a gap year in China, teaching undergraduate, MBA, and executive MBA students at Sun...

/ August 13, 2013

Destinations Target Chinese Tourists on Weibo

Brands and destinations are using social media to attract China’s big-spending overseas travelers. By Christina Nelson  California is already the top US destination for Chinese travelers, but the state’s tourism bureau isn’t taking any chances. In June, Visit California announced...

/ July 29, 2013

From Cincinnati to China

A former P&G executive leaves corporate life to teach, study, and travel his way to a new career.by Chris HassallAfter nearly 30 rewarding years living and working all over the world with the Procter and Gamble Co. (P&G), I recently...

/ January 1, 2013

Hilton Welcomes Chinese Travelers at Home and Abroad

The global hotel chain aims to attract new customers with services that cater to Chinese tastes. One of the world’s largest hotel companies, Hilton Worldwide operates more than 3,700 hotels around the globe. The company’s flagship brand, Hilton Hotels &...

/ January 1, 2012

The Hospitality Talent Gap

China’s hospitality and tourism industry creates jobs and contributes to the country’s GDP, but it also faces human resources challenges. by Vincent A. Wolfington and Mark A. Wolfington PRC government policy initiatives, rapid economic growth, and recent events, such as...

/ January 1, 2012

China’s Travel and Tourism Market Takes Off

The rapidly expanding tourism sector poses opportunities for innovation and product differentiation as more Chinese travel at home and abroad.by Vincent Lui, Youchi Kuo, Justin Fung, Waldemar Jap, and Hubert Hsu Not long ago, most Asian tourists were from Japan,...

/ January 1, 2012