Search results for “budget hotel”
Economy hotels form 87.3% of China’s accommodation supply in 2017
By the end of 2017, China registered 457,834 accommodation facilities and 16,770,394 guest rooms. About 69% of them were hotels and 31% were alternative accommodations.
Tencent leads new funding in OYO, Chinese spends $45 billion to escape heat, and more
Tencent Holdings is likely to inject $300-500 million into OYO Rooms. This summer, Chinese tourists will make about 500 million trips in July and August, and are expected to spend more than $45 billion.
Booking funds Didi, Airbnb China names new president, Baidu and Alibaba vie for smart hotel
Booking Holdings invested $500 million in China’s ride-hailing platform Didi Chuxing. Airbnb China appointed a local serial entrepreneur as its new president. WeChat Pay decided to focus on outbound Chinese tourists.
Europe awaits largest Chinese tourism season
Two thirds of Chinese expect to increase their travel budget in the next 12 months, according to an Ipsos survey of more than 3,000 Chinese people in May for Hotels.com.
Tencent to value OYO at $2 billion in a fresh round of funding
If the funding goes through, it will be the first round of financing not led by SoftBank.
Ctrip launches “YiQiZhuang” to power financing for small- and mid-size hotels
Any qualified hotel is able to directly apply for “YiQiZhuang” loan from Ctrip.
Optimizing digital media mix in China – 5 areas demanding deeper introspection
The constant refining of features on high-traffic ecosystems such as Tencent, search-related activity going beyond search engines or the rising popularity of an app such as Douyin, such developments demand a deeper introspection into how creative and media strategy needs to be planned out in China.
Travel startup RedDoorz gets $11m in new funding
The new cash will let the company expand operations into new markets, including Thailand, where there are plenty of young travelers looking for budget hotel rooms.
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