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Search results for “star-rating”
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.
Huazhu ranked 4th globally, Meituan files for IPO, and more in ChinaTravelNews Briefing
07/09/2018
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10:48:48 AM
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AccorHotels’ shareholder Huazhu surpassed IHG in market capitalization as the world’s fourth highest valued hospitality group. Tencent-invested e-commerce and travel firms Meituan and Tongcheng Elong filed for Hong Kong listings.
Blockchain-driven home sharing platform PopulStay raises $2.25 million
07/11/2018
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4:52:15 PM
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Based on blockchain technology, PopulStay hopes to build a home sharing community by directly connecting hosts and guests, and lower the cost for both parties by doing away with intermediaries.
Use cases of artificial intelligence in China's flourishing travel sector
07/02/2018
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9:24:21 AM
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Chinese technology companies are making steady progress in artificial intelligence (AI), leveraging the technology to simplify travel planning and buying, and enabling communication in foreign destinations.
MICE venue and service brand L-SPACE closes a seed funding round
06/20/2018
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8:48:16 AM
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MICE venue and service brand L-SPACE has received RMB 2 million from individual investors in a seed round of financing.
China’s star-rated hotels post RMB 49.665 billion revenues in Q1 2016
06/16/2016
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10:22:59 AM
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China’s star-rated hotels generated total revenues of RMB 49.665 billion in Q1 2016 and average occupancy rate was 48.94%, down by 0.17%.
Ctrip backs its expansion plans in China and abroad
05/24/2018
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9:22:25 AM
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Even as Ctrip is continuously gaining market share across all the business lines, the team has assured that they are ready to forego certain short-term financial benefits to ensure that customer-centricity doesn’t get off the hook.
New policy pushes Tibet's tourism take up 41% in first five months
06/08/2018
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9:48:42 AM
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The preferential policy coaxed 5.6 million visitors to Tibet in the first five months and milked tourism revenue of RMB 7 billion (USD 1.1 billion) for an annual rise of 38% and 41.4%, respectively.
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