China Lodging Group has completed the transaction of strategic alliance with AccorHotels whose economy hotel business progressively integrates into China Lodging Group's network.
HNA Hospitality Group has submitted the application for a New Third Board listing, seeking its asset-light strategy.
Shenzhen CYTS Shanshui Hotel has received approval to list on the New Third Board. Its Parent company CYTS will invest RMB51 million for a 51% stake.
China’s hotels showed signs of recovery in occupancy rates in 2015，and demand for hotel accommodation will find support from tourism development, Savills reported.
Huazhu Hotels has signed an acquisition agreement with budget hotel chain Hotel Home estimated to be worth around RMB80 million.
2015 witnessed heavy consolidation in the OTA space in China. So what needs to be done by hotels to balance out their distribution mix?
Meituan-Dianping recently formed a strategic partnership with hotel PMS provider BeyondHost to set up an online open platform for hotels.
Shenzhen-based Dida Travel has made a high-profile listing on the New Third Board and become the first international hotel resource consolidator to go public in China.
