Search results for “upscale hotel”
GreenTree takes a 4.95% stake in New Century Hotel for $29.2 million
03/11/2019|4:19:27 PM|
GreenTree said that "there will be potential collaboration opportunities between the two companies" in the mid-scale to upscale hotel segment.
New York-listed GreenTree to acquire mid- and up-scale hotel group Argyle
01/28/2019|10:02:02 PM|
The majority of Argyle's properties are located in South West China. Argyle's highly distinguished brand portfolio and geographic coverage are highly complementary to GreenTree's business and expansion plans.
Airbnb’s grand travel ambitions could be taking a detour
12/21/2018|9:49:14 AM|
Airbnb is interested in potentially managing diverse property types that would blend well with homesharing. The investments in property management companies may one day lead to Airbnb developing its own property management unit or brand.
Ctrip ventures into hotel management by launching Rezen Hotels Group
10/10/2018|8:42:03 AM|
The launch of Rezen Hotels, Ctrip’s first high-end hotel brand, marks the group’s strategy to branch out to the high star-rating hotel sector.
Economy hotels form 87.3% of China’s accommodation supply in 2017
08/16/2018|8:33:13 AM|
By the end of 2017, China registered 457,834 accommodation facilities and 16,770,394 guest rooms. About 69% of them were hotels and 31% were alternative accommodations.
Tencent leads new funding in OYO, Chinese spends $45 billion to escape heat, and more
08/06/2018|11:58:59 AM|
Tencent Holdings is likely to inject $300-500 million into OYO Rooms. This summer, Chinese tourists will make about 500 million trips in July and August, and are expected to spend more than $45 billion.
Shared lodging brand Islands completes a new funding round
07/31/2018|9:05:36 AM|
Islands is applying the Uber model to provide branding support for independent hotels in the areas of operation and management, channel sales, membership system, information system and supply chain.
Huazhu Group ranked as world’s 4th highest value hotel group
06/28/2018|10:02:03 AM|
The Chinese hotel group had a market capitalization of around USD 12.8 billion as of June 26, trailing just behind Marriott, Hilton and Accor.
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