Search results for “Mercure”
Huazhu Group gears up for expansion in lower-tier cities
12/09/2020|11:31:23 AM|
The Chinese multi-brand hotel group mentioned that tier-3 and below cities accounted for 50% of the total pipeline at the end of October. The plan is to establish both middle-scale and economy brands in these places.
Huazhu Group files prospectus for secondary listing in Hong Kong
09/10/2020|12:16:47 PM|
Huazhu will raise no more than USD 970 million through the second listing in Hong Kong.
Indian travel firm Yatra scraps merger deal with U.S.-based Ebix
06/08/2020|12:05:47 PM|
Yatra said it is seeking damages against Ebix for breaching terms of their merger agreement.
Accor's Bazin revamps hotel group's focus to Asia and luxury
03/22/2020|11:52:21 PM|
Bazin aims to grow earnings from its loyalty program to more than €100 million.
China’s hotel construction expands with all-time high despite economic slowdown
09/03/2019|3:02:35 PM|
China's total hotel construction pipeline swelled to 2,991 projects/592,884 rooms in the first half of 2019, up 19% by projects and 7% by rooms year-over-year, both at all-time highs, amidst an economic slowdown.
EbixCash takes over Cox & Kings’ business travel unit in India
09/29/2019|4:17:16 PM|
Cox & Kings is $500 million in debt. Fears are rising that the company may meet the same fate as Thomas Cook, the world-famous travel brand which collapsed after 178 years in the industry.
Ebix to acquire Indian online travel agency Yatra for $337.8M
07/18/2019|1:15:46 PM|
The acquisition of Yatra would lend itself to significant synergies and the emergence of EbixCash as India’s largest and most profitable travel services company.
Accor Hotels holds 10.2% and Ctrip holds 7.5% equity of Huazhu
04/22/2019|6:10:46 PM|
As of December 31, 2018, Huazhu operated 4,230 hotels in China with hotel network covered 403 cities in 32 provinces and municipalities across China.
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