Search results for “economy”
Huazhu Hotels reports 85% occupancy and 207 new hotels in Q2 2015 report
08/18/2015|10:31:38 AM|
China Lodging Group added 207 hotels had 85.8% occupancy rate while net revenues increased 16.9% to RMB1.46 billion in Q2 2015.
Pioneer Global to buy Intercontinental HK in US$938 million deal
09/10/2015|4:04:16 PM|
Pioneer Global will join hands with Gateway Capital to invest US$938 million to acquire the Intercontinental Hong Kong.
RMB devaluation to have limited immediate effect on tourism
08/13/2015|6:16:06 PM|
Although outbound tourism will be adversely affected by the RMB’s exchange rate if it continues to fall, immediate effects are expected to be limited.
Investment in China’s tourism industry rises 35% in Q1 2015
05/13/2015|10:30:39 AM|
China’s tourism had RMB105.3 billion in direct investment in 2014, a y-o-y increase of 32%, and 15% more than the national fixed asset investment in the same period.
Carriers in China set their sights on travel retailing
08/17/2015|10:08:09 AM|
In order to unlock revenue generation opportunities Chinese airlines need an understanding of what travel retailing means.
China’s Airbnb Xiaozhu raises US$60 million in C Series financing round
07/08/2015|6:09:19 PM|
China’s short-term rental service Xiaozhu has received US$60 million for its Series C financing round, its largest funding yet, led by Joy Capital.
Jin Jiang Hotels earns 49.2% more y-o-y for shareholders in first half
09/01/2015|7:21:16 PM|
Shanghai Jin Jiang International Hotels Group chalked up 50.5% increase in operating profit, totaling RMB1.325 billion in the first half of the year.
Tourism reports point to rising diplomatic value of China's outbound travel
08/31/2015|6:05:17 PM|
By the end of 2014, 117 destination countries were receiving tour groups from China, underscoring the clout of the nation's “tourism diplomacy”.
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