Search results for “luxury market”
Jin Jiang International raises AccorHotels stake to 5.5%
02/04/2016|6:20:03 PM|
Jin Jiang International has increased its shareholding of AccorHotels to 5.5%, becoming the second largest shareholder of the French hotel group.
UTour might acquire Huayuan for in-depth cooperation with Ctrip
01/27/2016|5:58:51 PM|
UTour might take full control of Huayuan and carry out in-depth cooperation with Ctrip on vacation tours. This might be the largest merger ever in the vacation tourism sector of China.
HNA Hospitality Group seeks New Third Board listing for its asset-light strategy
01/26/2016|11:25:49 AM|
HNA Hospitality Group has submitted the application for a New Third Board listing, seeking its asset-light strategy.
Lackluster results for hotels in secondary Chinese cities while top-tier hotels show growth
01/08/2016|6:37:41 PM|
China’s hotels showed signs of recovery in occupancy rates in 2015，and demand for hotel accommodation will find support from tourism development, Savills reported.
Chinese government to permit more duty-free stores openings
12/07/2015|5:56:34 PM|
More duty free stores will be opened in China to offer Chinese shoppers’ greater access to imported goods and open up import channels to satisfy demand.
Boutique travel platform Zanadu raises US$12 million in Tencent-led financing
12/23/2015|7:45:50 PM|
Boutique travel website Zanadu announced it received over RMB80 million in its A+ financing round, in which IT giant Tencent is the lead investor.
Runaway growth in China’s outbound travel may slow down
12/03/2015|6:03:09 PM|
Slowing economy, devaluing yuan and plummeting stock market will likely dampen the outbound travel enthusiasm of Chinese tourists.
LY.com and Lotte Tour in JV to develop travel to Korea
12/12/2015|11:19:43 PM|
LY.com is setting up a joint venture company with Korea’s Lotte Tour in a strategic partnership to consolidate local Korean tourism resources and procurement.
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