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Search results for “merger agreement”
Booking Holdings holds 8% and Baidu holds 19% equity of Ctrip in 2018
03/18/2019
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10:21:45 AM
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Total revenues grew from RMB7.8 billion in 2014 to RMB31.1 billion (US$4.5 billion) in 2018, representing a compound annual growth rate of 41.4%.
Fliggy spearheading “Global Fun” as part of Alibaba’s globalization strategy
03/06/2019
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3:32:24 PM
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There is still much room for cross-brand synergy or consolidation under the umbrella of Alibaba.
Accor rebrands and launches a new loyalty program
02/22/2019
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6:02:59 PM
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Accor spends $700 million a year on sales and marketing while Marriott spends $4 billion and Hilton more than $2.2 billion, Accor intends to catch up with what competitors spend.
Will a new Marriott-Expedia contract signal a sea change in the direct booking wars?
01/04/2019
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5:40:43 PM
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Until the details are finalized, the jury’s still out on the impact of a Marriott-Expedia agreement. But suffice it to say, these frenemies still depend on one another.
AccorHotels buys majority stake in boutique lifestyle chain 21c Museum Hotels
08/01/2018
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12:47:55 PM
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Even though AccorHotels recently revealed it took a $288 million hit on its 2016 acquisitions of luxury homesharing platform Onefinestay and concierge provider John Paul, it hasn’t deterred the company’s shopping spree.
Chinese car rental firm eHi enters into definitive merger deal
04/06/2018
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11:01:52 PM
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Teamsport Parent will acquire eHi in a deal that values eHi at USD 937.5 million. Ctrip held a 14% equity interest in eHi as of 2016 with aggregated investment cost of USD 107 million.
Marriott and Starwood sign amended merger agreement valued at $13.6 billion
03/22/2016
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11:09:50 AM
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Starwood decided that improved offer at $13.6 billion from Marriott is superior compared to previous proposal led by Anbang consortium at $13.2 billion.
Tujia’s online unit receives $300 million funding, backed by Ctrip
10/10/2017
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10:05:35 AM
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Chinese accommodation sharing firm Tujia announced that its online platform has closed $300 million E round funding, following the separation of Tujia’s online and offline departments.
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