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UK investor group makes move for Anbang’s luxury hotel portfolio
07/10/2019
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5:59:41 PM
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Anbang bought the properties’ owner, Strategic Hotels & Resorts Inc., from Blackstone Group LP for about $6.5 billion in 2016.
Asia-Pacific tourists on spending binge
09/29/2017
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8:58:33 AM
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Tourist spending grew the fastest in Asia-Pacific in 2016, outpacing visitor arrival expenditures in Europe and North America, Mastercard’s Global Destinations Cities Index 2017 showed.
Fliggy spearheading “Global Fun” as part of Alibaba’s globalization strategy
03/06/2019
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3:32:24 PM
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There is still much room for cross-brand synergy or consolidation under the umbrella of Alibaba.
Hotel vending machine supplier MoBianLi raises $1.85 million in funding
06/22/2018
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5:00:51 PM
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MoBianLi supplies franchisees with machines for RMB 500-600, while the average market price is RMB 900-1200.
Voice searches for travel rise with brands
04/24/2017
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11:45:32 AM
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Some 95% of the top 20 flights and accommodation searches, using Cortana, were for brands showing the different behaviour of search on mobile and using voice.
OTA and metasearch go homogeneous, search coming to an end?
05/21/2018
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7:54:12 AM
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The extreme competitiveness in travel is slowly bringing search engines, OTAs and metasearch engines to converge towards an increasingly homogeneous model.
Air France-KLM shareholders approve China Eastern, Delta buy-in
09/06/2017
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3:15:34 PM
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Shareholders at Air France-KLM have approved plans for fellow SkyTeam alliance members China Eastern Airlines and Delta Air Lines to each acquire 10% of the Franco-Dutch group.
HNA eyes airport deals amid China’s outbound crackdown
08/10/2017
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3:02:15 PM
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Actively carrying out China’s Belt and Road initiative, HNA closed its acquisition of an 82.5% stake in Germany’s Hahn airport and plans to acquire a stake in Rio de Janeiro international airport.
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