In 2018, ADR was RMB164, an increase of 4.5% year-over-year; occupancy rate was 82.1%, a decrease of 0.5% year-over-year; RevPAR was RMB135, representing a 3.8% year-over-year increase.
Airbnb is required to invest hugely in technology, personnel, know-how, B2B marketing and consumer advertising to better compete with giants such as Booking and Expedia .
OYO also plans to pump $600 million into its China operations and continue focusing on Southeast Asia.
Malaysia and Thailand are particularly interesting markets for RedDoorz, but it isn’t looking to expand in 2019.
Fitness centers can take up more space in a hotel especially if they are part of a larger wellness zone that incorporates the spa, pools, relaxation areas.
GreenTree said that "there will be potential collaboration opportunities between the two companies" in the mid-scale to upscale hotel segment.
It’s important to ask open questions rather than closed ones – “How was your journey?” will proffer much more information than “Did you have a good journey?”.
The acquisition values HotelTonight around $465 million and that could be Airbnb’s biggest acquisition.
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