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RevPAR in China’s hotel industry grows only 1.4% in first eight months of 2015
The Chinese hotel market in major cities began to make a recovery in 2014 after a cooldown in demand in 2013 and this recovers has spread to most cities in 2015.
Alibaba, Baidu and Tencent the`Kingmakers' behind China's dealmaking surge
China’s biggest Internet companies -- Baidu, Alibaba Group Holding Ltd. and Tencent Holdings Ltd., known collectively as BAT -- are driving consolidation.
Qunar gets closer to Baidu (or is Baidu getting closer to Qunar?)
Qunar has announced a “strengthening of its strategic alliance” with majority shareholder Baidu, which sees three Baidu execs join the Qunar board of directors and some new co-operation agreements between the two.
Mobile travel is growing up fast – hotels MUST now take m-commerce seriously
As the holiday season kicks off in earnest and as the dust settles on these orgiastic days of consumerism and charity, it’s worth giving a thought to the rise of mobile commerce (m-commerce) and its importance to the 21st century economy.
Trust International Partners with Triptease to Drive Direct Hotel Bookings
Trust International has entered a partnership with Triptease to bring the innovative Price Check widget to Trust’s global hotel group portfolio.
Despite headwind, Qunar triples its mobile revenue, bets on merchant model
Qunar has said that it is “closing the gap” with market leader Ctrip and that leisure travel in China is “immune” to the recent slowdown in the country’s growth.
Breaking News: Jin Jiang to acquire 80% of Vienna Hotels for US$289 million
Chinese hotel group Jin Jiang Hotels Group has invested RMB1.8 billion on August 6 for an 80% stake in the mid-range the Vienna Hotel Group and its restaurants.
Qunar claims to be China’s largest mobile hotel booking platform in Q2 2015
Qunar achieved an average of more than 300,000 daily hotel room nights stayed in peak days in the week of July 27th.
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