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Search results for “Chicago”
As Airbnb grows, this is exactly how much it’s bringing down hotel prices and occupancy
05/30/2019
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6:07:06 PM
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Research shows that every 1% increase in the number of Airbnb properties decreased the average revenue per room by 0.02%.
Uplift raises $123 million to broaden its travel loan services
01/24/2019
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2:57:07 PM
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Consumers with high credit scores are increasingly tempted into splurging on luxury trips if companies lend them credit on attractive terms, said an executive at Uplift.
With more Chinese visitors, Tibet’s tourism boom has put pressure on its historic sites
06/22/2021
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3:09:40 PM
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Millions of visitors come to Tibet every year, with 2020 seeing a 12.6% increase from the previous year.
Anbang hires Bank of America for luxury hotels sale
11/21/2018
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12:14:30 PM
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The portfolio includes the Westin St. Francis in San Francisco, the Loews Santa Monica Beach Hotel, the Fairmont in Chicago and Essex House Hotel in New York.
Travel apartment pioneer Stay Alfred raises $47 million in Series B Funding
10/12/2018
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4:48:50 PM
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The latest round brings the company's total funding to date to $62 million. Stay Alfred has a projected 2018 run rate of $110 million.
Sino-US travel hit by trade war, Tencent to buy $400m stake in Meituan IPO, and more
09/03/2018
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10:51:01 AM
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Chinese tourists to Russia increased by 150% in January-July 2018. Weekly travel bookings from China to the US dropped by 8.4%. Meituan is to go public in Hong Kong on Sept. 20, and Tencent plans to buy $400 million worth of shares in the IPO.
American Airlines halts loss-making Beijing, Shanghai routes
08/22/2018
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6:15:44 PM
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American will retain routes connecting the Chinese destinations with Dallas and Los Angeles.
China’s Anbang puts a $5.5 billion luxury hotel portfolio on the block
08/21/2018
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10:14:16 AM
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As Anbang looks to raise cash more rapidly, the insurer has decided to sell the entire portfolio of about 15 hotels.
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