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Search results for “Huazhu”
China hotels to gross $796 billion in 2018 in accommodation and F&B services
04/13/2018
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5:54:46 PM
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Hotel report projects that China’s hotel industry will gross RMB 5 trillion from accommodation and F&B services in 2018. Jinjiang, BTG Homeinns and HUAZHU have been identified as the three biggest hotel groups.
Hotel giant China Lodging's profit rises 60% in Q3 2017
11/29/2017
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7:58:55 AM
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Chinese hotel giant China Lodging Group recorded a 60% rise in net profit to USD 70.7 million, as 19.8% of net revenues. The firm has completed integration of Crystal Orange into Huazhu's platform.
China’s Top 20 Tourism Groups report GMV exceeding 1.5 trillion yuan again
12/14/2018
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9:59:54 AM
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China’s biggest tourism companies have been reporting annual turnover exceeding 10 billion yuan and GMV of trillions of yuan since 2016.
Ctrip, Huazhu invests in bike-sharing startup Mobike
01/05/2017
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9:27:17 AM
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Ctrip, Huazhu Hotels (China Lodging Group), Tencent and Warburg Pincus have jointly invested in Chinese bike-sharing start-up Mobike's $215 million D round funding.
Huazhu, Accorhotels expand in China's midscale, upscale market
12/30/2016
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10:44:22 AM
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Huazhu Hotels (China Lodging Group) unit Yagao Meihua signed agreements for nearly 40 new projects in more than ten months. The majority are located in China's first- and second-tier cities.
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.
Ctrip and Didi may invest in Indian firms, five OTAs corner 96.4% of Q2 hotel bookings, and more
09/13/2018
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10:15:56 AM
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Ctrip is likely to invest $100 million in food-delivery platform Zomato and Didi is reported to back the Chinese business of OYO. Ctrip, Meituan, Qunar, Tongcheng-eLong and Fliggy accounted for 96.4% of Q2 hotel bookings.
China Lodging expects 23%-26% revenue growth with Crystal Orange acquisition
08/17/2017
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8:00:45 PM
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China Lodging Group (Huazhu) raises net revenues growth range to 23%-26% given the consolidation of its Crystal Orange Hotel acquisition and better-than-expected performance in 2017.
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