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Search results for “five-star hotel”
The big deal in vacation rentals: Booking’s new quality ratings
10/16/2019
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4:23:40 PM
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There are still well-documented bumps on the road to quality and branding in alternative accommodation.
Travel buyers spend less on five-star hotels and more on sharing economy
12/06/2017
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2:27:40 PM
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Travel buyers are spending more on budget and mid-scale hotels in 2017 compared to previous years, and most have finally accepted the sharing economy as a part of their programs.
OYO to raise $200 million for luxury push in US
09/18/2019
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9:54:47 PM
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OYO is reportedly going to create a separate entity in the US to help it acquire and run four- and five-star hotels, and is likely to own a minority stake in this entity.
WeChat marketing specialist Zhiketong raises 300 million yuan led by Sequoia Capital China
08/23/2019
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2:02:19 PM
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Zhiketong has raised nearly RMB 480 million in total since its incorporation in December 2014.
The subscription model comes to luxury travel
08/12/2019
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6:16:20 PM
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The subscription economy works because they’re betting on people not using it that much. If the utilization is very high, that will affect their margins.
Huazhu to sustain expansion in upscale segment: CEO Jenny Zhang
08/28/2019
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5:47:56 PM
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The hotel group expects revenue generation from its mid-scale and upscale hotel segments to go up further with aggressive development.
Chinese star-rated hotels generate 52.58 billion yuan in Q4 2018
07/29/2019
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11:18:38 PM
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In Q4 2018, the ARR of China’s star-rated hotels was 356.34 yuan per room night, up by 1.17%; the AOR was 57.43%, down by 0.50% and RevPAR was 204.63 yuan, up by 0.66%.
Online travel firm Tongcheng-Elong launches OYU Hotel franchise network
07/22/2019
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9:46:03 AM
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OYU hotels offer average rooms rates ranging from US$19 to $34 per night. The group aims to have a total of 2,500 hotels by the end of this year.
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