Search results for “occupancy rate”
Spring Airlines dabbles in hotel industry with Japanese airport hotel plan
07/28/2015|2:34:35 PM|
Spring Airlines will build a hotel at the Centrair Airport, Japan. The planned hotel will have 250-300 rooms and 14 floors and will open in 2016 or 2017.
Plateno Group aims to have 4,500 7Days hotels by 2018
06/05/2015|9:56:21 AM|
Plateno Group will expand the coverage of its 7Days Inn brand to 4,500 hotels of the brand in all Chinese cities and towns in three years.
Homeinns Hotel Group leaves its comfort zone, targets mid-scale segment
05/15/2015|10:55:00 PM|
Despite facing its toughest quarter since Homeinns was established in 2002, the group is hopeful of building on its positive metrics from Q1
Chinese hotel groups get ready for new battles
05/15/2015|10:51:45 PM|
Chinese hotels are under pressure, with wobbling RevPAR adversely impacting the overall profitability in Q1.
Jin Jiang Hotels profits up by 41.48% in Q1 2015
05/07/2015|4:50:07 PM|
Jin Jiang reported a 41.48% increase in revenue and 59.1% increase in net profit in Q1 y-o-y, at RMB909 million and RMB154 million respectively.
Room rates plunge as Shanghai luxury hotel glut continues
04/10/2015|9:24:28 AM|
Shanghai is experiencing a glut of premium hotels and the hotel industry will face a high vacancy rate if investments in new hotel projects continue unchecked.
Top Chinese hotel IT operator AMTT raises US$32 million
04/16/2015|3:19:41 PM|
This financing round will bring high growth for AMTT, its products and service applications are used in a million hotel rooms in China.
Vienna Hotels plans to fund massive expansion with US$48 million capital
03/24/2015|9:38:07 AM|
After two successful financing rounds, mid-range Vienna Hotels Group is raising a third capital injection of RMB300 million.
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