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Search results for “mergers”
HNA slows M&A pace after US$50b buying spree in past 2 years
06/06/2017
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8:49:20 PM
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As the global market is increasingly complicated, the HNA Group will slow down in making acquisitions, having amassed overseas assets to make up 30% of its portfolio that contribute to half of the group’s revenue.
BTG Hotels boosts operating revenue by 389.40% in 2016
04/11/2017
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10:27:20 AM
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BTG Hotels saw net profit in 2016 surge 110.66% YoY to RMB 210 million. Most of the company’s hotels are in the budget range, and only 9.32% hotels in upper midscale category.
Tour operator groups post revenue upsurge buoyed by outbound growth
04/28/2017
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1:54:02 PM
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Chinese tour operator giant Utour Group recorded operating revenue of RMB 10.1 billion in 2016, up 20.71% YoY, while peer HNA-Caissa’s operating revenue of the year grew 34.48% to RMB 6.64 billion.
Plateno and Jin Jiang target Starwood for acquisition after merger
07/16/2015
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9:43:33 PM
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An Starwood acquisition would mean China will have the largest global hotel group in the world pioneered by the upcoming Jin Jiang-Plateno merger.
Ctrip denies Qunar merger rumors
05/07/2015
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11:00:51 AM
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Travel website Ctrip.com International on Monday denied market rumors that it is close to completing a merger deal with its rival Qunar.com.
Peek acquires Zozi in further consolidation of tours and activities tech sector
04/19/2017
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2:50:37 PM
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Two of the most heavily funded, venture-backed reservation services and marketplaces for tours and activities are essentially merging, as the healthier Peek acquires the assets and employees of Zozi.
Travel conglomerate OCT to divest interests in two firms for 2.3 billion yuan
04/13/2017
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10:15:10 AM
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Theme park and tourism firm OCT Co. plans to divest its stakes of 100% in Taizhou OCT and 60% in OCT Vision. The two deals will be worth RMB 2.3 billion.
CDF-Lagardère wins Hong Kong airport duty free concession
04/06/2017
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12:23:05 PM
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Airport Authority Hong Kong has awarded its duty free liquor & tobacco concession to CDF-Lagardère Company Limited, a joint venture of China Duty Free Group (CDFG) and Lagardère Travel Retail.
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