Huazhu Hotels acquired a 5% stake in Homeinns for RMB435 million to inflate Homeinns's share price and thus push up the price of its proposed privatization.
Major Chinese hotel chains continue to pursue their expansion plans. HUAZHU Hotels states the roadmap is charted out, featuring a pipeline of 696 hotels.
The hotel chain continues to be bullish about its hotel development pipeline, as well as its frequent guests program which rose to 47m members in Q3.
In order to make the most of available real-time data, hotels need to dig deeper to set up a cohesive data strategy and requisite infrastructure.
Spring Airlines will invest over 20 billion yen in a joint venture with Sun Frontier to develop a network of the “Spring Sunny Hotels” in popular Japanese destinations.
Jin Jiang Hotels revealed that its acquisition of a 81.0034% stake in Keystone Lodging Holdings of Plateno Group has been endorsed in the shareholders general meeting.
TravelDaily China led a delegation of Ctrip, Alitrip, Yiqifei and JointWisdom to spak at the ITB Asia conference.
BTG Hotels is investing RMB22.5 million in the joint venture BTG Lohas Cultural Tourism and its wholly-owned subsidiary BTG Ecommerce.
