Search results for “room night”
Five-star hotels have the highest occupancy rate in Q3 2016
01/10/2017|2:36:56 PM|
In Q3 of 2016, there are altogether 10,488 hotels were audited provincial tourism administrations. Five-star hotels in 16 provinces had higher average occupancy rate than the national average of 62.24%.
Dark horse Meituan overtakes Qunar with 33 million hotel room night sales
08/06/2015|4:33:02 PM|
After leveraging massive investment to capture first place in the lifestyle service segment, Meituan is eager to take down top OTA player for hotel bookings.
Quarterly room nights exceed 11 million in new record for eLong in Q2 2015
08/04/2015|8:51:17 PM|
eLong is well positioned with a strong leadership team, significant customer base, and adequate cash balance, according to its CEO.
Group-buy platform Meituan sells 33 million room nights in six months
07/14/2015|10:03:01 AM|
Meituan enjoyed 190% growth in turnover in the first half of this year and transaction volume of RMB47 billion during the period.
Expedia gross bookings climb 21% in Q3 2016
10/28/2016|7:10:46 AM|
Expedia's gross bookings increased USD 3.2 billion or 21% YoY to USD 18.6 billion in the third quarter of 2016.
Jin Jiang, Homeinns upgrade budget hotels to mid-range
10/18/2016|1:18:28 PM|
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.
Meituan-Dianping reportedly mulls hotel unit spin-off for independent financing
08/25/2016|10:49:10 AM|
Meituan-Dianping would have to spin off its hotel business as the company was expected to run out the 3.3 billion dollars raised in its series E round within 1.5 years.
China Lodging keen on sustaining growth, plus better margin
08/19/2016|5:33:26 PM|
China Lodging Group is optimistic that the key performance metrics would continue to show upward movement buoyed by quality of the product and a diverse brand mix.
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