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Search results for “luxury properties”
Marriott Vacations Worldwide completes acquisition of ILG
09/04/2018
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8:48:45 AM
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ILG shareholders received $14.75 in cash and 0.165 shares of Marriott Vacations Worldwide common stock for each share of ILG common stock. Marriott Vacations Worldwide paid approximately $4.6 billion in aggregate consideration.
Sino-US travel hit by trade war, Tencent to buy $400m stake in Meituan IPO, and more
09/03/2018
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10:51:01 AM
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Chinese tourists to Russia increased by 150% in January-July 2018. Weekly travel bookings from China to the US dropped by 8.4%. Meituan is to go public in Hong Kong on Sept. 20, and Tencent plans to buy $400 million worth of shares in the IPO.
1.4 million Chinese spend AU$10.9 billion in Australia in the past 12 months
09/10/2018
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10:28:43 AM
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Chinese tourists are big spenders too, spending more than USD 8,000 on a trip to Australia compared to an average of USD 5,000 by international visitors.
China’s Anbang puts a $5.5 billion luxury hotel portfolio on the block
08/21/2018
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10:14:16 AM
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As Anbang looks to raise cash more rapidly, the insurer has decided to sell the entire portfolio of about 15 hotels.
Economy hotels form 87.3% of China’s accommodation supply in 2017
08/16/2018
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8:33:13 AM
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By the end of 2017, China registered 457,834 accommodation facilities and 16,770,394 guest rooms. About 69% of them were hotels and 31% were alternative accommodations.
Tencent leads new funding in OYO, Chinese spends $45 billion to escape heat, and more
08/06/2018
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11:58:59 AM
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Tencent Holdings is likely to inject $300-500 million into OYO Rooms. This summer, Chinese tourists will make about 500 million trips in July and August, and are expected to spend more than $45 billion.
Marriott to offer hotel stays and travel packages on Tmall, Fliggy
07/27/2018
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12:17:04 PM
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Marriott International will hold a “Tmall Super Brand Day”, offering an array of promotions and exclusive vacation packages for visitors to its storefront on Fliggy, Alibaba’s online travel platform.
Fosun splashes out billions of yuan in luxury tourism property
07/19/2016
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9:59:26 AM
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Fosun has splurged nearly RMB 11 billion on building Atlantis Sanya, a high-end resort featuring 807 apartments and 197 villas which will appeal to global investors.
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