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Accor explores upscale hotel market in China after FRHI acquisition

AccorHotels has boosted its hotel portfolio in China to 195 following its acquisition of FRHI and its three upscale hotel brands, and plans to open four Sofitel hotels, four Pullman hotels, one Fairmont hotel and two Swissotels by the end of next year.

08/01/2016|9:56:17 AM|ChinaTravelNews

China Lodging and Vanke back SimplyWork in series A round

Office-sharing platform SimplyWork announced that the company has raised RMB 30 million in its series A round. The round had China Lodging Group, Vanke and IDG Capital as investors.

06/22/2016|11:51:18 AM|ChinaTravelNews

China’s star-rated hotels post RMB 49.665 billion revenues in Q1 2016

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%.

06/16/2016|10:22:59 AM|ChinaTravelNews

China Lodging announces new president and plans to tap sharing accommodation

China Lodging Group announced on June 13 that the company has promoted Hui Jin as president. Mr. Jin continues to participate in the company’s major decision-making and reports to CEO Jenny Zhang.

06/16/2016|3:39:26 PM|ChinaTravelNews

HNA Hospitality denies report of equity talks with AccorHotels

HNA Hospitality, a HNA Group affiliate, told ChinaTravelNews on June 11 that the company was not, and had no plan of, negotiating to take a stake in AccorHotels, countering reports by French media.

06/13/2016|10:36:17 AM|ChinaTravelNews

Establishing a data-driven digital platform for Chinese travellers

Foreign hotel brands’ digital assets are increasingly looking at offering a flexible and personalized experience to Chinese travellers, even learning from other Chinese websites in addition to their own proprietary findings.

06/06/2016|1:38:31 PM|ChinaTravelNews

Shiji to acquire 19.6% voting right in Huanxun E-commerce for RMB 152 million

Shiji Information, a major PMS service provider in China, plans to splash out RMB 152 million to buy 100% shares of Great Kylin Investment, which owns 19.6% voting right in Huanxun E-commerce. Shiji also owns 22.5% of iPS, Huanxun E-commerce’s fully-controlled subsidiary

05/31/2016|10:03:28 AM|ChinaTravelNews

Villa rental specialist SenseLuxury completes B round

High-end and mid-range apartment rental platform SenseLuxury confirmed that the company had completed its B-round funding from GoHigh Fund

05/27/2016|12:20:14 PM|ChinaTravelNews
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