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China hotels to gross $796 billion in 2018 in accommodation and F&B services
04/13/2018|5:54:46 PM|
Hotel report projects that China’s hotel industry will gross RMB 5 trillion from accommodation and F&B services in 2018. Jinjiang, BTG Homeinns and HUAZHU have been identified as the three biggest hotel groups.
Chinese star-rated hotels generate 52.58 billion yuan in Q4 2018
07/29/2019|11:18:38 PM|
In Q4 2018, the ARR of China’s star-rated hotels was 356.34 yuan per room night, up by 1.17%; the AOR was 57.43%, down by 0.50% and RevPAR was 204.63 yuan, up by 0.66%.
Ctrip takes customized travel to version 3.0 and shoots for RMB10B GMV in two years
06/23/2019|10:42:37 PM|
Anticipating rising demand for customized travel, Ctrip has launched its 3.0 version platform to streamline processes for suppliers and serve high net-worth travelers with sharpened itinerary offerings.
Outbound driver-guide platform HuangBaoChe secures $50 million
06/25/2019|4:29:27 PM|
HuangBaoChe has served more than 10 million outbound tourists since establishment.
Smart tour guide operator Lvji brings in 120 million yuan in B round
03/21/2018|9:01:07 AM|
Smart tour guide operator Lvji has received 120 million yuan in financing, which will be used to integrate resources.
Shangri-La Hotels: Adventure between personalization and privacy
07/09/2019|4:20:56 PM|
Personalization is about recognizing a traveler on all touchpoints and acting on data to come up with relevant product and content recommendations. But while doing so, organizations can’t go wrong with tailored offers or compromise customers’ privacy.
Home-sharing platform Locals receives $24 million for its boutique B&B business
01/23/2018|8:59:42 AM|
This year, Locals will add two additional businesses, namely homeware retail and urban travel, to further tap into consumption deriving from B&B customers.
Marriott looks to China for travel innovators
07/05/2019|2:31:30 PM|
The world's largest hotel group shortlisted 7 startups in China, mainly from IoT, AI, AR and other digital services, to present their vision of the future of elevated guest experiences.
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