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Tongcheng Travel acquires Wanda Hotel Management for $341 million
The acquisition strategically expands the Chinese OTA’s presence in the high-end hotel segment.
04/18/2025|12:06:30 AM|ChinaTravelNews
China’s top 3 hotel groups reveal diverging paths in 2024 earnings reports
The contrasting annual results highlight different growth strategies.
04/08/2025|5:29:55 PM|ChinaTravelNews
Must-read for hotel professionals: Data analysis mindset for decision-makers
Information cannot replace decision-making.
04/03/2025|3:59:15 PM|ChinaTravelNews
Hotel supply chain platform Convergent raises $13.8 million in Series B+ round
The company posted an 82% year-on-year increase in Q1 business.
04/01/2025|3:40:00 PM|ChinaTravelNews
Midscale and above hotel signings in China rise 4.3% in 2024
Franchising dominates with a 73% share of signings.
03/28/2025|10:27:11 PM|ChinaTravelNews
Lifestyle hotelier Atour reports a 55.3% increase in 2024 revenues
Retail business saw a 126.2% surge.
03/26/2025|11:27:56 AM|ChinaTravelNews
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