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Fosun to snap up Thomas Cook’s Concept Hotels for European foothold
03/12/2015|4:46:31 PM|
Fosun plan to develop a new hotel chain brand for the Chinese market with Thomas Cook and acquire 220 Concept Hotels for 500 million euros.
Tuniu expands with aggressive acquisition plans post IPO
03/10/2015|10:08:45 PM|
Tuniu has announced on March 9 2015 the acquisition of Hangzhou-based Zhongshan Travel and Tianjin-based China Classical Holiday.
China integral to Club Med’s goal of attaining global leadership
03/04/2015|6:00:55 PM|
According to Club Med’s development plan, China will become the second largest market after France for Club Med by 2015.
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.
Uber and Yongche reportedly mull merger
03/12/2015|2:47:45 PM|
Uber and Yongche are said to be discussing a possible partnership in a struggle to survive in the Chinese taxi app market.
China Lodging's H World to have 800 hotels this year
03/12/2015|2:07:32 PM|
China Lodging Group has already signed 311 hotels to the affiliated platform, with 262 hotels operational online, covering 108 cities.
Construction of Hainan’s new Boao Airport set to begin in March
02/25/2015|3:59:23 PM|
Hainan provincial government confirmed in its 2015 work report that the construction of the new Boao Airport will start on schedule.
Wanda Hotels revenue plummets US$150 million in 2014
02/27/2015|5:08:49 PM|
Wanda Hotels 2014 revenue dropped HK$1.162 billion and the value of its property investments in Fujian Province decreased HK$147 million.
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