Travel guide
New One&Only announced for Hainan, China
Feb 13th
A new One&Only resort is to open its first hotel in China’s on the Hainan Island, it has been announced. One&Only Sanya will have a private coastline on Tufu Bay with 180 rooms and villas. It is due to open in early 2014 and will be One&Only’s first resort in China. More >
China’s Spring Air targets $1.2 billion in IPO next year
Jul 25th
Spring Airlines aims to raise more than $1.2 billion in an initial public offering in the first quarter of 2012 as China’s sole budget carrier wants to double its fleet size in the next four years, its president said.
Spring Airlines’ IPO plan was progressing, Wang Zhenghua told Reuters at the company’s headquarters in Shanghai. More >
Ctrip surfs China’s homegrown travel wave
Mar 21st
A crescendo of voices builds on a typically bustling day in the Shanghai headquarters of Ctrip.com as staff put together hundreds of tourist trips. It is the sound of China’s travel boom.
Call after call comes in to Asia’s largest travel call centre from mainly Chinese consumers, but also international travellers booking flights, hotels and tour packages for anywhere from Hong Kong to Havana. More >
China plans 45 new airports as travel booms
Feb 26th
China plans to build at least 45 new airports in the next five years to serve booming travel, the top industry regulator said Thursday.
The plans call for spending 1.5 trillion yuan ($230 billion) to expand air travel, said Li Jiaxiang, administrator of the Civil Aviation Administration of China. More >
China destination of choice
Dec 19th
China has emerged as the second largest economy in the world overtaking Germany and setting its sights on USA. The Chinese economy is currently estimated to be around USD 3 trillion with an average per capita income of 2400 dollars. This is a far cry from the USD 14 trillion USA economy with an average per capital income of 24000 USD.
If China has to become the largest economy it has to improve its foreign direct as well as local investment, training its work force for productivity gains and improvement in its infrastructure. This means that China will grow travel industry to accommodate the experts and investors traveling to China. China hotel rooms will grow with the economy. According to International Air Transport Association passenger traffic across Asia outstripped that of North America for the first time in 2009. This trend is expected to continue in 2011 as evidenced from the market capital valuation of Chinese airlines. More >
