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Timeshare king Wyndham Destination buys Travel + Leisure for $100 million

Timeshare king Wyndham Destination buys Travel + Leisure for $100 million

It’s a clever deal that Wyndham says will help broaden its reach with vacation goers by tapping into TNL’s beloved travel stories, guides and trip planning tools.

01/07/2021|2:23:37 PM|Yahoo Finance
Online travel giants Meituan, Tongcheng actively invest in hotel groups

Online travel giants Meituan, Tongcheng actively invest in hotel groups

Chinese OTAs have a long history of buying into their hotel partners.

01/07/2021|3:58:30 PM|ChinaTravelNews
Shareholder urges MGM China to bring in new investor like Meituan, Trip.com or Huazhu

Shareholder urges MGM China to bring in new investor like Meituan, Trip.com or Huazhu

MGM Resorts International can be an important partner for the strategic shareholder’s future internationalization efforts, especially in outbound consumer services to the U.S. and Japan.

01/07/2021|12:23:53 AM|ChinaTravelNews
Hotel data platform Htrip secures USD 25 million in a new financing round

Hotel data platform Htrip secures USD 25 million in a new financing round

The company claimed to have served 185 million middle and high-end business travelers this year.

12/29/2020|6:16:40 PM|ChinaTravelNews
Smart hotel solution provider RestHour secures tens of millions of yuan

Smart hotel solution provider RestHour secures tens of millions of yuan

RestHour primarily serves hotels and home-share providers in top-tier cities that have to deal with a huge visitor flow.

12/27/2020|9:38:31 PM|ChinaTravelNews
CTS Group buys 34% stake in "micro vacation" resorts New Century Senbo for $23 million

CTS Group buys 34% stake in "micro vacation" resorts New Century Senbo for $23 million

New Century Senbo offers short-distance vacations near cities to the Chinese middle-class consumers.

12/25/2020|4:50:27 PM|ChinaTravelNews
China invests $656 million in culture, tourism

China invests $656 million in culture, tourism

The grants were used to fund opera performances, purchase facilities for cultural centers in rural areas, and support a variety of tourism projects in poverty-stricken regions.

12/25/2020|10:50:11 AM|CGTN
Hotel digitization solution provider Lumous closes Series B financing round

Hotel digitization solution provider Lumous closes Series B financing round

Lumous has established partnerships with 70% of China’s top ten hotel brands including Jinjiang Hotels and BTG Homeinns.

12/24/2020|2:53:40 PM|ChinaTravelNews
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