Search results for “second-tier city”
Podinn Hotel gets New Third Board listing
10/19/2016|5:16:15 PM|
Budget hotel operator Podinn Hotel was listed on New Third Board on October 17. It registered RMB 1.98 million net loss in 2015 and RMB 12.18 million net income in 2014.
Luxury hotel expansion filters down to second-tier cities amid market slowdown
02/03/2015|11:36:17 AM|
Increasing globalization and economic prosperity in second-tier cities Chengdu and Wuhan has spurred demand for luxury services, especially hotels.
Travel industry posts huge gains in top 100 Chinese brands valuation
09/18/2016|10:36:12 AM|
Study shows Air China ranks 19 in brand value, a YoY increase of 26%; Home Inn 74,a YoY increase of 3% and Ctrip 44, a YoY increase of 40%.
China Lodging keen on sustaining growth, plus better margin
08/19/2016|5:33:26 PM|
China Lodging Group is optimistic that the key performance metrics would continue to show upward movement buoyed by quality of the product and a diverse brand mix.
Air China’s direct selling keeps pace with its international expansion
09/08/2016|2:18:35 PM|
Air China is assiduously improving both domestic and international websites, as well as its mobile App.
UTour’s outbound wholesale revenue climb 59% in first half of 2016
08/22/2016|9:56:02 AM|
UTour’s operating revenue grew 41.99% to RMB 4.453 billion in first six months. Revenue from its outbound wholesale business was RMB 3.43 billion, up by 59.03% YoY.
China Lodging Group grows robustly in mid- and up-scale RevPAR
08/16/2016|9:22:10 PM|
Occupancy rate was 85.2% in Q2 2016, compared with 85.8% in Q2 2015. The slight decrease was due to lower occupancy in lower-tier cities.
Hotel room glut drives down room rate and revenue in China
08/03/2016|10:01:40 AM|
Hotel chains over-expansion has caused four in ten hotel rooms in China staying empty and is driving down room rate and RevPAR.
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