Hotel B2B online direct sales platform Ziztour announced it received 100 million yuan from investors led by Legend Holding in its A Series financing round.
The “China Hotel Alliance” was officially formed on July 6, comprising six major high end Chinese hotel groups.
Shiji Technology will invest up to RMB50 million in a partnership hotel IT developer Talent's and aquired Armitage PMS Pegasus to boost Alitrip's hotel management.
Former greater China regional director of Starwood Group, Jin Qian, will join Wanda Hotels and Resorts as President to lead this Chinese hotel group.
Plateno Group is doing structural reorganization and brand integration and is now looking for an opportunity to make an A share listing.
Plateno Group’s Portofino Hotels announced the launch of luxury seaside resort hotel projects in Boracay in the Philippines and the Maldives.
HNA's acquisition price was not disclosed but estimates based on Red Hotel’s US$7.21 share price at the end of trading on Tuesday put it at US$21.5 million.
Ten out of 17 hotels opened in China last May were international luxury hotels, according to the May 2015 China Hotel Industry Data Report by Meadin.com.