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Hotel supply chain platform Convergent raises $13.8 million in Series B+ round

04/01/2025|3:40:00 PM|

The company posted an 82% year-on-year increase in Q1 business.

Midscale and above hotel signings in China rise 4.3% in 2024

03/28/2025|10:27:11 PM|

Franchising dominates with a 73% share of signings.

Tongcheng continues to reap gains from Tencent collaboration

03/24/2025|10:14:20 AM|

The online travel company reports significant growth in user base, revenue, and profitability in 2024, fuelled by its strategic partnership with Tencent and strong app performance.

Data insights: China’s midscale and above hotel market in January 2025

03/21/2025|5:18:24 PM|

Investments are shifting from top markets towards second- and third-tier cities.

Chinese youth flock to Australia on Working Holiday Visas for blue-collar jobs

03/12/2025|7:27:15 PM|

They take on physically demanding jobs with relatively low pay.

China’s hotel market enters a zero-sum game amid brand reshuffling

03/07/2025|11:20:09 PM|

More than 1,000 midscale and above hotels shut down in a year.

Chengdu's first Hilton hotel sold for USD 69 million

02/24/2025|5:05:51 PM|

In less than five years, China has seen a reduction of over 100 five-star hotels.

Klook secures $100 million to capture young travelers

02/12/2025|3:02:54 PM|

The online travel platform aims at the next decade of tourism growth in Asia Pacific.

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