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Search results for “midscale hotel”
Ascott forms JV with Huazhu Hotels, CJIA Apartments to grow Citadines in China
05/09/2018
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10:12:26 AM
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The joint venture will have an initial registered capital of 100 million yuan ($21 million), with Ascott, Huazhu(China Lodging) and CJIA holding 50%, 10% and 40% respectively in the partnership.
Ctrip signs MOU with AccorHotels to enhance Chinese travelers’ experience
04/20/2018
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2:05:28 PM
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The partnership will focus on highlighting AccorHotels accredited hotels more prominently, building a flagship store for AccorHotels, joint development of loyalty programs and cooperation on IT.
Hotel giant China Lodging Group nets $1,255 million in 2017, RevPAR up 14.4%
03/14/2018
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9:19:02 AM
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The Company provided guidance for Q1 2018 net revenues growth of 27% to 29% year over year and full year 2018 net revenues growth of 16% to 19% from 2017.
Jin Jiang, Homeinns upgrade budget hotels to mid-range
10/18/2016
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1:18:28 PM
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Hotel companies Homeinns and Jin Jiang remodeled some of their existing economy hotels to midscale hotels to overcome problems in finding properties and increase RevPAR.
Hotel giant China Lodging's profit rises 60% in Q3 2017
11/29/2017
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7:58:55 AM
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Chinese hotel giant China Lodging Group recorded a 60% rise in net profit to USD 70.7 million, as 19.8% of net revenues. The firm has completed integration of Crystal Orange into Huazhu's platform.
Marriott expands into the midscale hotel segment in China
02/19/2016
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8:37:57 AM
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Marriott International and Eastern Crown partner to launch 'FairfieldSM by Marriott®' a new affordable mid-range hotel for travelers across China, Eastern Crown expects to open 100 'FairfieldSM by Marriott®' hotels by 2021 and more than double Marriott’s presence in China.
BTG-Homeinns goes for franchise as combined net income drops
09/13/2016
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9:19:10 PM
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BTG Hotels, the new parent company of Homeinns, reported 66.73% decline in net income for the first half of 2016.
China Lodging expects 23%-26% revenue growth with Crystal Orange acquisition
08/17/2017
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8:00:45 PM
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China Lodging Group (Huazhu) raises net revenues growth range to 23%-26% given the consolidation of its Crystal Orange Hotel acquisition and better-than-expected performance in 2017.
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