Search results for “budget”
GreenTree Inns teams up with foreign PE and invests in Yibon Hotels
04/18/2017|10:17:07 AM|
Chinese budget hotel operator GreenTree Inns has partnered with an overseas private equity firm to jointly invest RMB 150 million in domestic peer Yibon Hotels.
BTG Hotels boosts operating revenue by 389.40% in 2016
04/11/2017|10:27:20 AM|
BTG Hotels saw net profit in 2016 surge 110.66% YoY to RMB 210 million. Most of the company’s hotels are in the budget range, and only 9.32% hotels in upper midscale category.
Spring Airlines posts 28.42% slump in 2016 net profit
04/05/2017|9:53:57 AM|
China’s biggest low-cost carrier reported a 28.42% fall in net profit for 2016. The airline also announced that its chairman Mr. Zhenghua Wang has stepped down and been replaced by his son and former president of the company, Mr. Yu Wang.
Ascott and Tujia form JV to launch budget-friendly serviced apartment brand
11/19/2015|12:27:22 PM|
Ascott with partner with China’s largest accommodation booking platform Tujia to launch a budget-friendly tourism accommodation brand in the first quarter of 2016.
How airlines can acquire an innovation mindset?
03/24/2017|10:16:56 AM|
Kieron Branagan, CEO of OpenJaw, a travel tech firm and subsidiary of TravelSky, reflects on innovation strategies for the airline business, based on external research as well as the company's internal efforts.
Tencent continues reign as China’s most valuable brand, Ctrip ranks 38th with $2,260m
03/21/2017|9:45:31 AM|
Tencent continued its reign as China’s most valuable brand, rising 29% to be the first 100-billion-dollar brand while Ctrip ranked 38th in the Chinese companies with a brand value of USD 2,260 million.
Ctrip sees 430-billion-yuan GMV in 2016
02/24/2017|9:53:15 AM|
Ctrip posted GMV of RMB 430 billion (USD 62.5 billion) in 2016 and the company wants to grow Skyscanner's contribution to Ctrip's international business from 10%-20% currently to one-third or even more in the future.
House rental platform Locals closes 50-million-yuan Pre-A round
02/16/2017|2:06:31 PM|
House-sharing platform Locals announced that it has raised RMB 50 million in its Pre-A round in which ZhenFund was the lead investor.
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