Search results for “economy”
Huazhu Hotels to acquire local budget hotel chain Hotel Home
12/25/2015|11:16:55 PM|
Huazhu Hotels has signed an acquisition agreement with budget hotel chain Hotel Home estimated to be worth around RMB80 million.
Time for hotels to dig deeper post consolidation among OTAs
12/22/2015|3:33:41 PM|
2015 witnessed heavy consolidation in the OTA space in China. So what needs to be done by hotels to balance out their distribution mix?
China’s business travel to become top in the world by 2017
09/16/2015|10:56:43 PM|
The numbers indicate that China is on track to overtake the US and become the world’s largest business travel market by 2017, despite uncertainties arising from China’s slowing economy.
Baidu gets more seats on Qunar's board to strengthen alliance
09/11/2015|3:29:41 PM|
Qunar announced it has expanded its Board of Directors from seven to nine seats, and has appointed Liang Zeng, Yuming He, and Fang Wei from Baidu as directors.
Homeinns merges with BTG Hotels Group
12/08/2015|5:55:02 PM|
Homeinns Hotel Group announced that it has entered into a definitive Agreement and Plan of Merger with BTG Hotels Group.
Custom travel platform Uthing raising RMB100 million
12/08/2015|5:48:58 PM|
Customized travel platform Uthing has completed a B Series financing and raised funding to the tune of RMB100 million.
Hotel Urbano’s founders give up majority control
12/02/2015|9:37:44 PM|
The brothers who founded Hotel Urbano, the Brazilian travel startup, have decided to step down.
HNA Group invested in Azul Brazilian Airlines
11/25/2015|6:03:51 PM|
HNA Group to make USD $450 million strategic investment in Azul for 23.7% stake
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