Search results for “Wuhan”
Tuanyanwang.com receives multi-million dollars in Series A+ round
09/19/2018|12:22:59 PM|
Tuanyanwang.com leverages data and AI to provide one-stop banquet services for both individuals and businesses.
Smart hotels operator InnJoy closes a $1.5 million angel funding round
07/02/2018|5:32:49 PM|
In 2017, InnJoy netted approximately RMB 5 million in total revenue, RMB 3 million of which was from the hotel business, and RMB 2 million from the smart home appliance business.
Hotel vending machine supplier MoBianLi raises $1.85 million in funding
06/22/2018|5:00:51 PM|
MoBianLi supplies franchisees with machines for RMB 500-600, while the average market price is RMB 900-1200.
Shared lodging brand Islands secures tens of millions of yuan in financing
04/17/2018|8:51:26 AM|
Islands pools together existing room inventories in centrally located neighborhoods and lease them at 80% of the operating cost, to help generate returns on otherwise unused room stocks.
China’s outbound tourism slowing in growth but diversifying
10/18/2017|11:52:03 AM|
The growth of outbound tourism traffic from China and their spending were slowing in 2016, while tourism traffic to “Belt and Road” countries increased significantly to around 50 million during the year.
Outward bound and travel platform Hiyo completes a ¥14 million angel round
09/29/2017|1:43:13 PM|
Targeting young travelers, Hiyo develops its products around the concept of “minimal transportation, short distance”, and plans its content around socializing, relaxation and entertainment.
Wanda Group sells 13 projects, 76 hotels to Sunac for $9.3 billion
07/10/2017|4:14:26 PM|
Chinese conglomerate Dalian Wanda and property developer Sunac China jointly announced on July 10 that Sunac will acquire 13 Wanda cultural tourism projects and 76 Wanda hotels for RMB 63.17 billion (USD 9.3 billion).
Ctrip projects 20 billion yuan in group tour revenue this year
06/30/2017|10:51:10 AM|
Ctrip projected that its group tour business will gross RMB 20 billion this year. Its chairman James Liang said that the company’s sales income from hotels, air tickets, and travel groups will quickly become the highest in the world.
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