Search results for “budget hotel”
What If Accor acquires Oyo?
06/12/2019|3:21:32 PM|
It takes three to four years for Accor to build a hotel in India thus investing in an existing successful chain is far and away the best way to quickly gain a strong foothold.
Korean budget hotel platform Yanolja gets $200m from Booking, Singapore’s GIC
06/11/2019|2:47:07 PM|
Yanolja aims to conduct an initial public offering (IPO) as early as next year.
OYO unlocks homes in Dubai, while facing hotel lobby rails
01/10/2019|4:35:23 PM|
The Budget Hotel Association of Mumbai has reportedly said that it is planning a city-wide boycott of hospitality unicorn OYO, which has been facing severe criticism from hotel owner associations over its policies.
Grab’s $100 million investment in budget hotel chain OYO reveals SoftBank’s firm hand
12/11/2018|3:12:32 PM|
In Southeast Asia, SoftBank has tasked Grab’s CEO Anthony Tan to form joint ventures with a handful of portfolio companies to help those startups break into the region.
Chinese budget hotel brands change tack to meet rising demand
09/06/2018|9:59:04 AM|
In H1, BTG Homeinns' hotel business netted revenue went up 36.1%; Huazhu Group saw mid/high-end hotels make up for 65% of its newly opened hotels nationwide; Jin Jiang revenue increased by10.34%.
BTG Homeinns, China Lodging upgrade budget hotel services for the future
05/14/2018|11:29:57 AM|
The rise of rentals, aging of facilities and competition from mid- to high-end hotels and bed-and-breakfast facilities also posed a challenge to budget hotels.
RedDoorz is disrupting Southeast Asia’s budget hotel market
04/18/2018|5:15:37 PM|
Since opening its first hotel in 2015, the Singapore-based company has expanded its portfolio to more than 500 properties across Indonesia, Singapore and the Philippines.
Film Hotel raises $16 million in funding to speed up budget hotel makeover
04/11/2018|5:01:02 PM|
By integrating “films” and “hotels”, Film Hotel will create a new differentiated mid-scale hotel brand.
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