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Huazhu: occupancy rate at 86.9%, net revenue to rise 13%-15% in Q2

Huazhu: occupancy rate at 86.9%, net revenue to rise 13%-15% in Q2

Same-hotel operational data for midscale and upscale hotels dropped during the quarter.

07/17/2019|11:41:28 AM|Huazhu
Hotel smart retail provider Egaga raises millions (in yuan)

Hotel smart retail provider Egaga raises millions (in yuan)

The proceeds will be used for market expansion.

07/16/2019|7:12:10 PM|ChinaTravelNews
Life House hotel chain and tech provider secures $100M investment

Life House hotel chain and tech provider secures $100M investment

Since its launch in 2017, Life House has also raised $140 million in venture capital.

07/15/2019|4:38:41 PM|PhocusWire
StayPlease secures new funding to transform hospitality technology

StayPlease secures new funding to transform hospitality technology

StayPlease is now operational in over 20,000 hotel rooms across 25 cities around the globe.

07/15/2019|1:58:57 PM|PR Newswire
Fosun considers $942M Thomas Cook investment

Fosun considers $942M Thomas Cook investment

The rescue deal could indicate a potential retreat from the stock market for Thomas Cook, in a move that would see the world's oldest package-holiday firm become a private company.

07/15/2019|12:00:41 PM|Hotelmanagement
Sonder valued at $1B following $210M Series D round

Sonder valued at $1B following $210M Series D round

Sonder currently has 8,500 spaces signed across 26 cities in six countries.

07/12/2019|4:18:46 PM|PhocusWire
Go-Jek snags undisclosed funding from Thailand’s largest bank

Go-Jek snags undisclosed funding from Thailand’s largest bank

Southeast Asian banks are investing in the region’s biggest ridehailing rivals, Go-Jek and Grab, to hitch a ride on their expansion into financial services.

07/11/2019|10:59:49 AM|Skift
Chinese leisure accommodation startup SpaceBox bags over RMB 10 million

Chinese leisure accommodation startup SpaceBox bags over RMB 10 million

SpaceBox provides integration solutions for individual hotels targeting younger people.

07/11/2019|10:08:09 AM|ChinaTravelNews
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