Search results for “budget hotel”
Meituan realigns hotel & travel units, Alibaba and JD.com embark on hotels, and more
Meituan Dianping has restructured its organizations and repositioned its hotel & travel businesses, Alibaba and JD.com made moves into the hotel sector and Didi will likely follow suit.
Didi reported to be making initial exploration of hotel operations
Sources said Didi’s intention to enter the hotel sector is certain, but is still in preliminary exploration.
Ctrip and Didi may invest in Indian firms, five OTAs corner 96.4% of Q2 hotel bookings, and more
Ctrip is likely to invest $100 million in food-delivery platform Zomato and Didi is reported to back the Chinese business of OYO. Ctrip, Meituan, Qunar, Tongcheng-eLong and Fliggy accounted for 96.4% of Q2 hotel bookings.
Didi Chuxing in talks to invest in OYO Rooms’ China business
OYO Rooms is looking to raise $500 million to $600 million for its China business, and $500 million for its India business.
Smart in-room vending operator Fun Dora lands $732,200 in angel funding
Fun Dora combines vending machines with the O2O takeaway service, and aims to become a world-leading intelligent in-room vending operator for hotels.
Economy hotels form 87.3% of China’s accommodation supply in 2017
By the end of 2017, China registered 457,834 accommodation facilities and 16,770,394 guest rooms. About 69% of them were hotels and 31% were alternative accommodations.
Tencent leads new funding in OYO, Chinese spends $45 billion to escape heat, and more
Tencent Holdings is likely to inject $300-500 million into OYO Rooms. This summer, Chinese tourists will make about 500 million trips in July and August, and are expected to spend more than $45 billion.
Tencent to value OYO at $2 billion in a fresh round of funding
If the funding goes through, it will be the first round of financing not led by SoftBank.
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