HNA Technology acquired 100% shares of Ingram Micro in December 2016 for USD 5.98 billion, the majority of which was borrowed money from banks.
China’s domestic traffic was down just 1.4% in October compared to October a year ago.
Around 7.8 million travelers joined organized domestic tours in the second quarter this year, 83% less than the same period last year.
The Chinese multi-brand hotel group mentioned that tier-3 and below cities accounted for 50% of the total pipeline at the end of October. The plan is to establish both middle-scale and economy brands in these places.
Singapore, China to restore normal air travel "at appropriate time"; China orders mass coronavirus testing in Chengdu.
China plans first domestic luxury cruise line with Viking; HNA Group, Trip.com sign MoU on air travel, Internet tech.
Trip.com Group-owned hotel chain Rezen invests in a hotel management firm; Homesharing giant Tujia's rural operation spin-off firm secures $15.3 million funding.
China's hotel titans put Marriott and Hilton to shame; Huazhu posts better-than-expected revenue growth in Q3.
