Search results for “expansion plan”
Chinese hotel giant Huazhu to snap up Deutsche Hospitality for €700m
11/05/2019|11:21:11 AM|
Jenny Zhang, CEO of Huazhu, thinks that the merger of Deutsche Hospitality and Huazhu will create the foundation of a global hotel group that combines "German quality and Asian speed”.
BTG Homeinns targets 4500 hotels by the end of 2019
08/29/2019|4:46:16 PM|
The expansion plan is being led by mid-scale hotels. In addition to this, BTG Homeinns is working closely with Hyatt Hotels to open their first UrCove hotel in 2020.
Travel culture content provider SanMaoYou secures tens of millions of yuan
11/27/2019|10:00:44 AM|
SanMaoYou reported revenues in excess of 10 million so far this year, compared to 6 million in 2018. The company broke even in early 2018 and has become profitable since.
Ctrip takes global expansion to reduce risks from geographic uncertainties
09/10/2019|6:13:44 PM|
Trip.com has achieved "quite sustainable profitability" in Hong Kong, and is very close to break-even point in Japan and South Korea, according to CEO Jane Sun.
Trip.com Group, TripAdvisor form China joint venture and global content partnership
11/06/2019|9:52:43 PM|
"The joint venture is like a chef with the best ingredients, but what kind of cuisine will the chef make to cater to the Chinese market and Chinese travelers? It remains to be explored."
Smart travel service provider Tripscool secures 80 million yuan
11/06/2019|9:55:58 AM|
Tripscool has over 10,000 SKUs launched on its official platform, mobile App and H5. Most of the content is about destinations in Japan, the United States, Australia, New Zealand and Europe, with Africa in the pipeline.
Fliggy thrives on might of Alibaba ecosystem
10/21/2019|8:48:47 AM|
Alibaba’s China retail marketplaces had 755 million MAUs in June 2019. This userbase is being constantly exposed to Fliggy as a part of cross-selling tactics.
Huazhu to sustain expansion in upscale segment: CEO Jenny Zhang
08/28/2019|5:47:56 PM|
The hotel group expects revenue generation from its mid-scale and upscale hotel segments to go up further with aggressive development.
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