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Search results for “Budget Accommodation”
Hostelworld CEO Feargal Mooney quits, Expedia exec comes in
05/16/2018
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12:45:07 PM
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The company's CFO announced that she would also be leaving during the first half of 2018. Net revenue for Hostelworld increased by 10% during 2017 to €86.7 million.
China hotels to gross $796 billion in 2018 in accommodation and F&B services
04/13/2018
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5:54:46 PM
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Hotel report projects that China’s hotel industry will gross RMB 5 trillion from accommodation and F&B services in 2018. Jinjiang, BTG Homeinns and HUAZHU have been identified as the three biggest hotel groups.
Shared lodging brand Islands secures tens of millions of yuan in financing
04/17/2018
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8:51:26 AM
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Islands pools together existing room inventories in centrally located neighborhoods and lease them at 80% of the operating cost, to help generate returns on otherwise unused room stocks.
Chinese tourists care more about experience, favor mobile payments
03/01/2018
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2:15:50 PM
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Chinese tourists spent an average of $762 per person towards shopping on overseas trips, and they primarily use mobile payments for shopping, dining and visits to tourist attractions.
Asia-Pacific millennials prioritize activities and experiences
11/09/2017
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9:22:59 AM
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Expedia data shows that Australian, Chinese and Japanese travelers are all looking for the best deals and the most value for their money, but preferences and priorities vary by generation and country.
Outbound and inbound travels surge with China’s OBOR Initiative
10/20/2017
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6:13:32 PM
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The One Belt One Road initiative attracted over 7 million visitors to China last year and 10 million Chinese travelers visited OBOR countries, up 71%, according to a Ctrip report.
AccorHotels buys Gekko to deliver other hotel brands to travel agencies
10/09/2017
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2:43:10 PM
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Gekko includes two hotel booking platforms — Teldar Travel and HCorpo, aiming to add adjacent businesses that can complement its core hotel operations and offer more control of hotel distribution.
Indian OTA Treebo raises $34 million from Hong Kong investors
08/30/2017
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9:43:35 AM
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Indian budget hotel booking platform Treebo has raised USD 34 million, backed by Hong Kong investment firms. It has nearly 300 franchisees operating under its brand across over 50 cities.
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