OYO Near You will begin in Delhi and the surrounding region and then be launched in eight more Indian cities.
The opening of new high-end chain hotels has accelerated in mainland China’s major markets since 2007.
The average cancelation rate in 2014 was 32.9% and increased to 39.6% in 2018. It reached a high of 41.3% in 2017.
For the seventh consecutive year, urban hotels (16.8%) achieved greater growth in spa department profits compared to resort properties (9.8%).
And although younger generations are driving the evolution, the demographic of poshtel bookers is diverse.
In the first year of its operation in 2019, Yisu will provide direct sales channels to soft brand stores and it will charge no commissions as its goal is not to make a short-term profit.
As of December 31, 2018, Huazhu operated 4,230 hotels in China with hotel network covered 403 cities in 32 provinces and municipalities across China.
Booking.com only saw a 10% increase in review volume, generating 28.3 million reviews. In third place is Tripadvisor with 11.3 million.
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