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Huawei to invest in Middle East; Ocean Park seeks potential partners | Daily Brief

08/27/2021|12:18:12 AM|

OTA Tongcheng-Elong to change name; Guangdong eases restrictions for outbound trips.

Chinese hotels tap into detective games; Upcoming holiday to see travel surge | Daily Brief

06/09/2021|11:37:29 PM|

Hotel & lifestyle brand Atour files for $100 million US IPO, with Trip.com holding 14.8% shares; Tencent invests in aviation technology startup.

More than 40,000 hotels in China closed down in the first half of 2020

07/05/2020|11:41:40 AM|

In June alone, some 15,000 hotel companies had gone under.

Jin Jiang eyes mid-range hotel market

03/09/2016|6:23:39 PM|

Leveraging capital operation, state-owned hotel giant Jin Jiang is poised to capture a lion share of the mid-range hotels market by taking equity in Huazhu.

Room rates plunge as Shanghai luxury hotel glut continues

04/10/2015|9:24:28 AM|

Shanghai is experiencing a glut of premium hotels and the hotel industry will face a high vacancy rate if investments in new hotel projects continue unchecked.

China’s global hotel investment set to accelerate

03/02/2015|9:49:39 AM|

Chinese investors will inject more than 200 million GBP annually into the global hotel marketboosting their market share from the current 4% to 10% by 2017.

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