Huazhu Group’s CEO discussed a new hotel turnover metric as well as plans to launch a new brand in the next few weeks.
Hilton serves as an extension of the neighborhood, offering a taste of the surrounding locale through distinctively local designs, food and drink, partnerships and more.
If completed, the investment would likely be in the $100 million to $200 million range.
Last year, China unveiled 10 new travel routes in forests, the first batch of such routes.
Expedia Group accounted for the highest amount at $5.68 billion, Booking Holdings came in at $4.96 billion.
The deal will continue to see the latter exclude OYO’s rivals, SAIF Partners-backed Treebo Hotels and Accel India-backed FabHotels, from its two primary platforms, including GoIbibo.
In 2018, travelers from the Chinese mainland to Hong Kong jumped 14.8% year-on-year to hit 50 million arrivals, a new high.
The airline lost HK$1.25 billion in 2017, and reported HK$111 billion in revenue for 2018, up 14.2%, driven by passenger and cargo businesses.
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