eLong Inc. (Nasdaq: LONG | PowerRating), a leading online travel agency, have made profits for six consecutive quarters since the first quarter of 2009 and its second-quarter operating profits are equivalent to the gross profits of last full year, disclosed its CEO Cui Guangfu.
Particularly, in the period, the sales growth of the hotel operations under eLong overtook that of archrival Ctrip.com International Ltd. (Nasdaq: CTRP | PowerRating), which hit 34%, for the first time since 2006, thanks to the former’s coverage of low-end hotels.
eLong has reached agreement with GreenTree Inn, according to which they …

According to BCG, China’s young professionals are quite digitally connected; however, when we scan their days we see a distinct difference in the manner they regard digital tools.

Key element is using digital primarily as a communication device; while younger teens and university students focus on social sharing, communication, MP3 downloads, etc – young professionals take a more practical approach to digital. That’s not to say its any less a part of their lives; we can venture to state that digital is more of a tool than a companion.
We see some integration of email, …

With the development of society, tourism, one of the sectors with the highest growth rate and the largest scale in the developing world has changed. Tourism industry is playing an increasingly important role in the city, promoting urban economic, social, employment, culture and environment. China is considered pillars of the tourism industry.
The previous three quarters of 2009, despite the financial crisis, and H1N1 influenza, the Chinese tourism industry managed to maintain favorable growth conditions. In Q1-Q3 2009, a number of domestic tourists in China is 45 billion, 11% increase over …

Japan has always been a hotspot tourist destination – with beautiful cherry blossoms, Mount Fiji looming on the horizon, tranquil Zen gardens, natural hot springs, and delicious seafood delicacies, people flock to Japan by the millions. This is also true for Chinese tourists, but not for the same reasons – Chinese are traveling to Japan to purchase, purchase, and purchase. The new generation of young Chinese white collar workers are looking to go to Japan to buy electronics and other products and is leaving the site seeing to the grandparents. …

The Euro has depreciated nearly 20 percent against the Yuan since 2009 – which means Chinese are planning trips to Europe to buy name brands at a “discounted” price. Name brands, such as Louis Vuitton, a Chinese favorite, are now cheaper in Europe than on the mainland including Hong Kong, an otherwise very popular place to shop for the pricey goods. According to an avid shopper, Li Yaoyi, “A 1,000-euro purse now costs about 8,000 yuan, which is about 1,400 yuan cheaper according to the converted price paid for the …