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Tongcheng Travel acquires Wanda Hotel Management for $341 million

04/18/2025|1 years ago

The acquisition strategically expands the Chinese OTA’s presence in the high-end hotel segment.

Online travel giants Meituan, Tongcheng actively invest in hotel groups

01/07/2021|5 years ago

Chinese OTAs have a long history of buying into their hotel partners.

Alibaba rolls out Accommodation At Will program with Zhima Credit

07/27/2020|5 years ago

Less than two weeks ago, online travel unit Fliggy launched the Fly At Will product that offers consumers airline service nationwide in attractive deals to restore confidence.

Ctrip-invested Tongcheng Tourism leads funding in Mehood Hotel

08/14/2018|7 years ago

Mehood expects to add 300 hotels to its inventory and launch 150 hotels by the end of this year, and increase the number of its hotels to 1,500 and open 1,000 hotels by 2022.

OYO China CFO: We’ll have clear models for hotel operation and profitability

03/04/2019|7 years ago

"We know that speed, manpower efficiency and scalability are equally important. What’s not going to happen this year is that we will only manage to keep 5,000 of the 10,000 hotels we signed in 2018."

Ctrip records $10m offline daily sales, Alibaba invests in FunNow, and more

08/19/2018|7 years ago

Huazhu acquired 71.2% shares of Blossom Hill for RMB 462.9 million; OYO signed 400 hotels and 25,000 rooms in China last month alone; travel service firm KLOOK raised $200 million.

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