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MGM Resorts acquires stake in Sydell Group

MGM Resorts acquires stake in Sydell Group

MGM Resorts International now might find a boost through diversification and spending to increase its earnings.

09/02/2019|2:32:26 PM|HM
BTG Homeinns targets 4500 hotels by the end of 2019

BTG Homeinns targets 4500 hotels by the end of 2019

The expansion plan is being led by mid-scale hotels. In addition to this, BTG Homeinns is working closely with Hyatt Hotels to open their first UrCove hotel in 2020.

08/29/2019|4:46:16 PM|ChinaTravelNews
Huazhu to sustain expansion in upscale segment: CEO Jenny Zhang

Huazhu to sustain expansion in upscale segment: CEO Jenny Zhang

The hotel group expects revenue generation from its mid-scale and upscale hotel segments to go up further with aggressive development.

08/28/2019|5:47:56 PM|ChinaTravelNews
Accor on why digital transformation alone isn't enough for China

Accor on why digital transformation alone isn't enough for China

Accor's Chief Digital Officer, Maud Bailly, acknowledges that even if a non-Chinese organization can transform and gear up for today's digital economy, it isn't prudent to go alone to make it work in China.

08/28/2019|2:48:33 PM|ChinaTravelNews
Best Western acquires PMS firm AutoClerk

Best Western acquires PMS firm AutoClerk

The acquisition marks BWHR's effort to simplify distribution for its hotels by making management of technology, revenue and customer relationship, reporting and connectivity simpler and easier.

08/23/2019|1:11:21 PM|Hotelnewsresource
Cosi raises €5M for its ‘full-stack’ hospitality

Cosi raises €5M for its ‘full-stack’ hospitality

U.S. competitors like Sonder and Lyric are operating a similar model and might also look into Europe, but "it is a very local game.”

08/22/2019|3:03:00 PM|TechCrunch
InterContinental Hong Kong, Mira force staff to take leave

InterContinental Hong Kong, Mira force staff to take leave

High-end hotels are struggling as occupancy rates plummet. Staff are being forced to take leave in what is normally city’s peak season.

08/22/2019|1:45:17 PM|SCMP
Huazhu net revenue increases by 13.4% to US$417 million in Q2

Huazhu net revenue increases by 13.4% to US$417 million in Q2

Hotel turnover increased by 18% to RMB8.8 billion. Net revenues from manachised and franchised hotels were RMB803 million (US$117 million), representing a 30.4% year-over-year increase.

08/22/2019|9:09:12 AM|Huazhu
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