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Breaking news: Jin Jiang Hotels and Plateno Group mull mega-merger
07/10/2015|10:07:39 AM|
ChinaTravelNews has learned exclusively that Jin Jiang Hotels will make a strategic investment in Plateno Group that will lead to the link-up of the two groups.
Small-scale PMS Golden Swan gets US$1.6 million Pre-A financing
07/10/2015|10:07:18 AM|
“Our goal is to become the leader in the market of medium- and small-sized hotels in third- to sixth-tier cities within the next three years,” said CEO Lihua Xiao.
International hotel groups beat hasty retreat from China market
07/10/2015|10:07:03 AM|
A hotel ranking list based on room counts shows local economy hotel chains topping the charts while major international hotel groups are shrinking in scale.
Australia to test 48-hour express visa service for Chinese
07/09/2015|6:13:51 PM|
Australian will launch a 48-hour express visa application service for AUD$1,000 on a trial basis in 2016 and Chinese language service will also be provided.
O2O payment service Yeepay gets investment from TA Associates
03/18/2015|2:36:32 PM|
Global private equity fund TA Associates announced it invested an undisclosed amount in Chinese payment service Yeepay.
2014 top Hotel Groups in China ranking released
07/08/2015|10:21:14 PM|
China’s top 60 hotel groups in terms of size for 2014 were published in the “2014 China Hotel Group Operational Scale Statistics”.
China’s Airbnb Xiaozhu raises US$60 million in C Series financing round
07/08/2015|6:09:19 PM|
China’s short-term rental service Xiaozhu has received US$60 million for its Series C financing round, its largest funding yet, led by Joy Capital.
Hong Kong receives 10% fewer independent Chinese visitors in June
07/07/2015|6:05:45 PM|
The full impact of the visit pass policy change remains to be seen as independent visitors from China are still traveling on multiple-entry visit pass.
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