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SoftBank-backed OYO says it has become second largest hotel chain in China
05/23/2019|4:16:46 PM|
OYO Hotels is also exploring ways to collaborate with OTAs such as Fliggy, Ctrip and others, along with other consumer traffic-building platforms.
Huazhu net revenue rises 14.2% to $356 million in Q1
05/23/2019|7:31:53 AM|
Hotel turnover increased 17% to RMB7.2 billion. Net revenues from manachised and franchised hotel were RMB1.7 billion (US$257 million), representing a 15.2% year-over-year increase.
Ctrip USA San Diego themed store opened in Shanghai
05/18/2019|9:54:39 PM|
Ctrip and GoUSA opened a theme store on May 18 in Dapuqiao, Shanghai.
Mint House Gets $15M To Enhance Your Business Travel Experience
05/14/2019|10:04:43 AM|
The New York-based company promises “tech-forward accommodations,” including a mobile app for check-ins and messaging with customer service.
Companies fall short on traveller wellness
04/02/2019|4:10:15 PM|
While 55% of those polled said their companies have an employee wellness programme in place, only 11% designed a programme specifically for travellers.
Apart-hotel brand Locale nabs $2.5M to expand operations
04/18/2019|11:52:34 AM|
Locale currently leases and manages more than 150 apartments in Texas and plans to partner with developers of “upscale Class A multifamily properties” in San Francisco, Santa Monica, Denver and Houston’s Texas Medical Center.
How hoteliers can optimize the check-in process
02/21/2019|6:04:21 PM|
Using AI to generate more relevance for the consumer can reduce acquisition costs by as much as 50% while increasing revenue by 43%.
Fosun Tourism turns around net profit to RMB 389.1 million in 2018
03/18/2019|8:35:15 AM|
Gross profit increased by 86.4% from RMB2,830.3 million in 2017 to RMB5,276.0 million in 2018. Adjusted EBITDA increased from RMB746.3 million in 2017 to RMB2,073 million in 2018.
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