Wulan Butong Prairie Receives Travel Investment From Beijing

The Inner Mongolia Autonomous Region Tourism Bureau has announced that an agreement has been reached between the Beijing Haleyi Husbandry Development Company and the Wulan Butong Tourism Development Zone for investment in two travel projects on the Wulan Butong Prairie.

Group Acquires Hertz From Ford Motor Company For US$15 Billion

Clayton, Dubilier and Rice, Inc. (CD and R), The Carlyle Group (Carlyle) and Merrill Lynch Global Private Equity (MLGPE), announced today that they have reached a definitive agreement with Ford Motor Company to acquire The Hertz Corporation (Hertz), the world's largest vehicle rental organization, in a transaction valued at $15 billion.

Hong Kong Disneyland Resort Opens Today

Disney's 11th theme park and first-ever in China, Hong Kong Disneyland has its grand opening today, bringing Disney's brand of wholesome family fun to a new corner of the world and the fastest growing tourism market anywhere.

Beijing's Kerry Sports Hires New Tennis Pro

Alex Condon, a new Peter Burwash International tennis professional, has joined Beijing's Kerry Centre Hotel. He arrives at Kerry Sports from the vacation destination Stone Mountain in the United States, where he served in the same capacity providing instructional, social and competitive tennis programs on the 16 courts of the Stone Mountain Tennis Centre.

Outbound Chinese Tourist Numbers Drop To Malaysia

The outbound numbers of Chinese tourists traveling to Malaysia has dropped by more than half this year following several negative incidents experienced by Chinese tourists while in Malaysia. About 550,000 Chinese tourists arrived in Malaysia last year while 700,000 Malaysians visited China. On April 12, the China National Tourism Administration (CNTA) ordered all Chinese travel […]