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Search results for “InterContinental”
Huazhu ranked 4th globally, Meituan files for IPO, and more in ChinaTravelNews Briefing
07/09/2018
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10:48:48 AM
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AccorHotels’ shareholder Huazhu surpassed IHG in market capitalization as the world’s fourth highest valued hospitality group. Tencent-invested e-commerce and travel firms Meituan and Tongcheng Elong filed for Hong Kong listings.
Booking sites may be breaking law according to UK watchdog
07/02/2018
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6:52:37 PM
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UK regulators contend that some booking sites are violating consumer protection laws by playing around with discounting, commissions, and hidden charges. Expedia and Booking.com will have to change their business practices or head to court.
Huazhu Group ranked as world’s 4th highest value hotel group
06/28/2018
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10:02:03 AM
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The Chinese hotel group had a market capitalization of around USD 12.8 billion as of June 26, trailing just behind Marriott, Hilton and Accor.
IHG acquires 51% stake in Regent Hotels
03/14/2018
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3:24:20 PM
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The acquisition of Regent is part of IHG’s strategic initiatives focused on continuing to expand its footprint in the fast-growing $60 billion luxury segment.
Chinese airlines vie to open international routes to snag government subsidies
01/10/2018
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2:27:26 PM
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Despite carriers seeming passionate to open up new routes, there are still potential setbacks that need to be considered.
Alibaba to take $486 million stake in hotel data firm Shiji
02/09/2018
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4:41:30 PM
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China’s biggest e-commerce company Alibaba will invest $486 million for a stake in a domestic big-data firm focused on hotels and retail, as part of a push to deepen its offline presence.
ChinaTravelNews Briefing: Chinese tourism, Ctrip and other players' moves
01/08/2018
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9:33:21 AM
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For the past two weeks, ChinaTravelNews reported on how Chinese tourists affect the travel sector, a series of Ctrip’s moves, and news of major players Meituan, Tencent and Airbnb.
2435 international hotels to land in China, Hilton brands top the list
12/15/2017
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2:04:10 PM
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According to the latest China Construction Pipeline report from Lodging Econometrics, the country has 2,435 hotels with 538,836 guestrooms in the works, up 5 percent year-over-year.
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