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Ctrip ventures into hotel management by launching Rezen Hotels Group

10/10/2018|8:42:03 AM|

The launch of Rezen Hotels, Ctrip’s first high-end hotel brand, marks the group’s strategy to branch out to the high star-rating hotel sector.

IHG CEO: China is “second home market” and OTA is running hotels “to learn”

05/11/2019|10:52:22 PM|

Mr. Keith Barr is not that concerned on the Chinese hotel giants' international play.

OYO China CFO: We’ll have clear models for hotel operation and profitability

03/04/2019|8:57:29 AM|

"We know that speed, manpower efficiency and scalability are equally important. What’s not going to happen this year is that we will only manage to keep 5,000 of the 10,000 hotels we signed in 2018."

Ctrip takes cornerstone stake in New Century Hotel's IPO

02/28/2019|10:28:10 AM|

Nasdaq-listed Ctrip and New York-listed Green Tree Hospitality form the cornerstone investors for New Century Hotel’s stock market debut, which aims to raise up to USD 180 million.

Ctrip embarks on hotel operation, Xiaozhu gets $300 million funding, and more

10/18/2018|8:22:02 AM|

High-speed railway passenger volume increased by more than 50% year-on-year during China’s National Day holiday, Airbnb rival Xiaozhu has pocketed $300 million for beefing up security and services.

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