It takes three to four years for Accor to build a hotel in India thus investing in an existing successful chain is far and away the best way to quickly gain a strong foothold.
The hotel giant, which faces stiff competition from Hilton and Airbnb, uses the lab to get insights into the smallest details–from the shape of wall sconces to the location of electrical outlets.
The driver for Accor going forward is the renewed focus on live + work + play aspects of a guest and owning the relationship, drifting away from being just owner of properties.
Yanolja aims to conduct an initial public offering (IPO) as early as next year.
It remains to be seen whether Airbnb and Ctrip can maintain a close relationship with OYO in the long term given their overlap in certain business areas.
With new Chinese owners in place, it seems sensible for Radisson to target both outbound travelers and the domestic market.
In December 2018, FabHotels has claimed to have about 10K hotel rooms across 450 franchising hotels in 40 Indian cities and shared plans to double its inventory to 20K rooms in 2019.
China is seeing a growing market of parent-child tours, which account for up to 60 percent of the overall domestic and overseas travels, according to a survey conducted by the China Tourism Academy.
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