Marriott fell as much as 5.1%, and Hilton slipped as much as 5.2%.
The liquidity of the Radisson share may be further reduced and that the ownership structure may become more concentrated which could be negative for the company's other shareholders.
Vietnamese sharing economy is expected to reach US$335 billion in global value by 2025, or a 22-fold jump in a decade, according to a PwC research.
Six of the largest 10 deals involved European brands, and one took place in China.
Hotel MoMc is optimistic of the budding markets in the second-, third- and fourth-tier cities and aims to integrate local characteristics to create personalized stays.
FlyZoo Hotel in Hangzhou, capital of east China’s Zhejiang Province, where Alibaba has its headquarters, is known as the company’s first “future hotel”.
Startups that do take funding from SoftBank become addicted to capital and prematurely lead their startup into dizzying growth trajectories.
Three elements are crucial to coming out on top: enough distribution, the right supply mix and a convenient booking experience.
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