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Search results for “franchise”
IHG CEO: China is “second home market” and OTA is running hotels “to learn”
05/11/2019
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10:52:22 PM
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Mr. Keith Barr is not that concerned on the Chinese hotel giants' international play.
GreenTree's revenues grow 20.1% to $35.1 million in Q1 2019
05/24/2019
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6:51:08 PM
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Occupancy rate was 78.1%, a decrease of 1.1% year-over-year. And RevPAR increased 2.5% to RMB127 in the first quarter of 2019.
China's Hanting plans mega expansion to be world's largest hotel chain by 2030
07/17/2019
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11:56:11 AM
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Hanting 3.0 mostly focuses on improving designs and digitization and will result in higher quality rooms but without price hikes.
What If Accor acquires Oyo?
06/12/2019
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3:21:32 PM
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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.
SA’s Travelstart to acquire Club Travel Group
06/12/2019
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2:50:50 PM
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Travelstart is keen to bring consumerisation to the corporate and government sectors.
Korean budget hotel platform Yanolja gets $200m from Booking, Singapore’s GIC
06/11/2019
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2:47:07 PM
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Yanolja aims to conduct an initial public offering (IPO) as early as next year.
Accor Hotels holds 10.2% and Ctrip holds 7.5% equity of Huazhu
04/22/2019
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6:10:46 PM
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As of December 31, 2018, Huazhu operated 4,230 hotels in China with hotel network covered 403 cities in 32 provinces and municipalities across China.
World's first 'vertical theme park' set to open in China
05/28/2019
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11:17:47 AM
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More than 25 rides and virtual reality experiences will pack a sleek, futuristic looking bean-shaped building that stands 10 stories high.
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