Marriott plans to open about 100 mid-scale hotels in China within next five years. This is expected to give the hotel group a bigger presence in China than in the United States.
Caissa Touristic plans to lead E-Life Financial's capital increase by injecting RMB 550 million into the HNA finance unit and acquire tour operator Tiantian Shanglv for RMB 149 million.
Hilton Hotels recently introduced its concept of apartment-style hotel to China for the first time in a bid to expand into the country’s mid-scale market.
New rules on car-hailing will be released soon, the ministry will introduce supplementary regulations on the entire ride-sharing, vehicle registration and driver background.
Alitrip launched 360-degree panoramic VR viewing of hotels listed on its platform. This is expected to help mid to upper range hotels increase booking conversion.
Following bike rental ofo’s millions-of-dollar round backed by Didi Chuxing and recent financing of Mobike and YouBai, peer XiaoMing Bike also raised millions of yuan in an angel round.
Caissa Touristic announced on September 26 that it has lowered its private placement target from the original RMB 8 billion to RMB 7.208 billion.
CTS Group, a new company formed of the HKCTS-CITS merger, announced in a recent commitment letter that it plans to avoid horizontal competition with its fully-own subsidiary CITS.
