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Far East Group negotiating AUD$75 million acquisition of Pullman Cairns International
05/06/2015|4:19:38 PM|
Far East Consortium International’s chairman is in negotiations over a AUD$75 million deal to purchase the five-star Pullman Cairns International.
Edaijia raises US$100 million in latest financing round
05/06/2015|9:59:00 AM|
Driver hire service Edaijia has raised US$100 million in its Series D financing, raising its estimated value to US$8,000 million.
New World sells three HK hotels to Abu Dhabi JV
05/05/2015|3:59:38 PM|
New World Development announced it will transfer the full ownership of three Hong Kong hotels to a joint venture the HIP Group.
Uber Guangzhou in the hot seat
05/05/2015|10:00:10 AM|
Guangzhou’s commercial and transportation authorities have launched a joint investigation with the local police on April 30 against Uber Guangzhou.
Spring Airlines net profit soars 46.43% in Q1 2015
05/05/2015|10:00:02 AM|
Spring Airlines recorded RMB254 million net profit in the first quarter of 2015, a y-o-y increase of 46.43%.
Hunan hotels cut off Qunar over unauthorized discounts
05/05/2015|9:59:54 AM|
200 Hunan hotels have suspended supply to Qunar for offering unauthorized 50% discounts on hotel rates on its platform.
Mainland tourism to Hong Kong hard hit in Q1 2015
05/05/2015|9:59:43 AM|
Hong Kong received 10% fewer mainland tour groups during the last May Day weekend and hotels in the city were only filled to 70%-80% .
Chinese visitors still the biggest spenders among Japan’s foreign visitors in Q1
05/05/2015|9:59:35 AM|
Visitor spending in Japan in Q1 this year leapt 64.4% year on year to a total of 706.6 billion yen, achieving a record high for the fifth quarter in a row,
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