Search results for “hotel signings”
China’s outbound tourism slowing in growth but diversifying
10/18/2017|11:52:03 AM|
The growth of outbound tourism traffic from China and their spending were slowing in 2016, while tourism traffic to “Belt and Road” countries increased significantly to around 50 million during the year.
BTG Hotels’ operating income rises 71.33% YoY to ¥3.988 billion
08/31/2017|9:45:57 AM|
BTG Hotels reported operating income of ¥3.988 billion in H1 2017, an increase of 71.33%; net profit attributable to the parent company grew ¥227 million to ¥241 million, an increase of 1626.29%.
Shiji raises stake in Galasys, expands in destination management
09/08/2017|4:09:13 PM|
Chinese hotel system provider Shiji has agreed to buy a controlling stake in destination solution provider Galasys, expanding from hotels, F&B, and retail to theme parks and attractions.
Rentalcars riding on momentum of China’s outbound travel
08/24/2017|4:34:35 PM|
Eyeing China's growing outbound tourism, Priceline's ground transport unit Rentalcars has set up its service in the country to work with local OTAs and plan partnerships with the Chinese airlines.
Wanda Group restructured into three entities in transformation as a service provider
08/09/2017|11:19:37 PM|
After selling its assets to Sunac China and R&F Properties, Wanda has started internal restructuring, forming new companies in tourism, media and sports to develop clearer business lines with Wanda Cultural Group.
China’s Top 3 Hotel Groups: Jinjiang, BTG HomeInns and China Lodging
07/21/2017|6:20:44 PM|
China Tourist Hotels Association has ranked Jinjiang Hotels, BTG HomeInns and China Lodging as the country’s top three hotel groups in its Top 60 China Hotel Groups ranking for the past year.
Wanda Group sells 13 projects, 76 hotels to Sunac for $9.3 billion
07/10/2017|4:14:26 PM|
Chinese conglomerate Dalian Wanda and property developer Sunac China jointly announced on July 10 that Sunac will acquire 13 Wanda cultural tourism projects and 76 Wanda hotels for RMB 63.17 billion (USD 9.3 billion).
Key takeaways from the concluded 2017 China Hotel Marketing Conference
06/13/2017|10:41:12 AM|
The 2017 China Hotel Marketing Conference co-hosted by TravelDaily China and ChinaTravelNews focused on “Reshaping The Experience” has successfully concluded in Shanghai. Here’re some key takeaways from the event:
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