Hilton posted a 7.6% RevPAR climb in Q4 from Asia Pacific as it benefited from addition of more hotels in China, while rival Marriott said its China RevPAR grew 9.1% in the quarter.
Duetto has closed an $80 million Series D round in funding, the round was led by funds affiliated with private equity firm Warburg Pincus.
User reviews and opinions grew 29% year-over-year and reached 600 million at December 31, 2017. Q4 revenue totaled $321 million, up 2%; and full year revenue reported $1556 million, up 5%.
Outdoorsy offers the largest bookable inventory of RVs worldwide, creating what it calls a “third lodging category” of mobile rooms as an alternative to hotels and home-sharing.
China updated its list of "sensitive sectors" on February 11 for outbound investment in properties, hotels, cinemas, entertainment, sports clubs and equity investment funds.
It’s hard out there in business travel with new commercial terms from many large airlines, IATA NDC to contend with and startups nipping at the heels of traditional players.
HRG was valued at either GBP376.3 million or GBP410.6 million, based on its share price on September 7 last year with a premium of 45% or 58%.
China’s biggest e-commerce company Alibaba will invest $486 million for a stake in a domestic big-data firm focused on hotels and retail, as part of a push to deepen its offline presence.
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