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China Lodging, IDG Capital back Chengjia’s $50 million Pre-A round

Apartment service platform Chengjia has raised USD 50 million in its series Pre-A round funding, backed by its co-founders China Lodging Group and IDG Capital.

07/10/2017|6:58:58 PM|ChinaTravelNews

Wanda Group sells 13 projects, 76 hotels to Sunac for $9.3 billion

Chinese conglomerate Dalian Wanda and property developer Sunac China jointly announced on July 10 that Sunac will acquire 13 Wanda cultural tourism projects and 76 Wanda hotels for RMB 63.17 billion (USD 9.3 billion).

07/10/2017|4:14:26 PM|ChinaTravelNews

Marriott CEO: China is the best opportunity for growth

Arne Sorenson, President & CEO of Marriott International, defined China as their largest market. Mr. Sorenson said that Marriott will need more brands to expand in the market.

07/05/2017|2:58:05 PM|ChinaTravelNews

FIT Ruums ramps up operations in India

FIT Ruums, Webjet Limited’s Asian B2B travel brand, has arrived in India and is rapidly ramping up its business in this dynamic market.

06/23/2017|10:31:36 AM|ChinaTravelNews

Travel firms in Asia Pacific leverage data analytics to forecast demand

Travel companies in Asia Pacific with China in particular are embedding analytics into their organizations to forecast demand and increase revenues, according to a survey by Hotelbeds.

06/16/2017|2:03:44 PM|Hotelbeds

Marriott to add 100 hotels in Asia Pacific

Marriott International announced that the group will add more than 100 properties to its Asia Pacific portfolio that currently has 113 luxury hotels.

06/13/2017|11:28:24 AM|ChinaTravelNews

China Lodging completes acquisition of Crystal Orange Hotel

China Lodging Group (Huazhu Hotels) announced that it has closed the acquisition of Crystal Orange Hotels for RMB 3.65 billion (USD 540 million).

05/31/2017|11:12:22 AM|ChinaTravelNews

China Lodging's net revenues grow 10.8% in Q1 2017

China Lodging Group posted net revenues of USD 231.4 million in the first quarter of 2017, up by 10.8% YoY. Net income attributable to company rose from RMB 69.4 million in Q1 2016 to RMB 148.1 million (USD 21.5 million).

05/11/2017|7:36:20 AM|ChinaTravelNews
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