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China hotels to gross $796 billion in 2018 in accommodation and F&B services

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.

04/13/2018|5:54:46 PM|ChinaTravelNews

Film Hotel raises $16 million in funding to speed up budget hotel makeover

By integrating “films” and “hotels”, Film Hotel will create a new differentiated mid-scale hotel brand.

04/11/2018|5:01:02 PM|ChinaTravelNews

Shiji’s deal with Baoku lends a new dimension to platform strategy

In addition to knowing about consumers’ activities, Shiji is set to learn details about their business travel via Baoku’s cloud-based travel management platform.

04/10/2018|8:01:16 AM|ChinaTravelNews

Chinese star-rated hotels generate 57.77 billion yuan in Q4, AOR at 57.71%

Some 9,775 star-rated hotels in China reported totaled operating incomes of 57.77 billion yuan in Q4 2017, of which 25.251 billion yuan, or 43.71%, was room revenues.

03/20/2018|6:37:32 PM|ChinaTravelNews

Chinese star-rated hotels record 60.58% occupancy rate

Some 10,065 star-rated hotels in China reported totaled operating incomes of 53.808 billion yuan in the third quarter of 2017, of which 26.242 billion yuan, or 48.77%, was room revenues.

01/22/2018|9:38:30 AM|ChinaTravelNews

Ctrip hotel white paper sheds light on hospitality, consumer insights

Some 76% of the searches on Ctrip for hotels were related to star rating, most frequently about “five star/luxury hotel” or “four star/high-end hotel”, while only 11.61% of these searches were price-related.

01/12/2018|11:12:12 AM|ChinaTravelNews

WeChat hotel marketing specialist ZhiKeTong raises 100 million yuan

Hotel direct marketing firm ZhiKeTong recorded more than 100 million yuan sales and nearly 1 million orders in one month in 2017.

01/04/2018|9:41:52 AM|ChinaTravelNews

Accor CEO: Chinese tourists look beyond APAC, changing global hospitality

"Accor probably is making more profit as an investor in China Lodging than we could have made by remaining independent for the next 50 years", said Sebastien Bazin, Chairman and CEO of AccorHotels.

12/21/2017|3:10:33 PM|ChinaTravelNews
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