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Search results for “lower-tier city”
Ctrip raises 2020 GMV goal to around USD 200 billion
03/18/2016
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11:12:36 AM
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Chinese OTA giant Ctrip further lifts its GMV goal for 2020 to USD 200 billion, following the latest announcement of its fourth quarter and full-year 2015 results.
OneHome completes Pre-A round funding with tens of millions
03/01/2016
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10:55:02 AM
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Chinese homestay startup OneHome has just completed a Pre-A round funding and raised several million RMB from Alibaba’s Riverhill Fund, Morningside Ventures and an unnamed web celebrity.
The game of hotel contracting – are foreign OTAs playing it right?
01/30/2016
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11:43:47 AM
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Domestic OTAs have massive lead over their counterparts from abroad in hotel business, be in terms of geographical coverage, number of properties, and volume of business.
Lackluster results for hotels in secondary Chinese cities while top-tier hotels show growth
01/08/2016
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6:37:41 PM
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China’s hotels showed signs of recovery in occupancy rates in 2015,and demand for hotel accommodation will find support from tourism development, Savills reported.
188 China hotels drop star ratings
01/13/2016
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4:37:27 PM
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A total of 188 star-rated hotels in eight regions in China, including Beijing, Jiangxi and Sichuan, have lost their star ratings.
Louis Vuitton stung by China luxury woes
11/17/2015
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10:11:14 AM
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Louis Vuitton has closed three of its stores in China, including what was its first outlet in the southern city of Guangzhou, and is expected to shut several more.
Huazhu Hotels reports 15% growth in revenue Q3 2015
11/11/2015
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5:47:58 PM
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China Lodging added a net of 204 hotels in the Q3 and had 619 leased hotels, 1,899 manachised hotels, and 70 franchised hotels in operation in 342 cities.
Game of hotel network expansion – who is winning?
11/12/2015
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4:10:54 PM
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Major Chinese hotel chains continue to pursue their expansion plans. HUAZHU Hotels states the roadmap is charted out, featuring a pipeline of 696 hotels.
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