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Hotel giant China Lodging leads funding into shared fitness startup ParkBox
04/19/2018|8:39:58 AM|
In addition to product development, the fund raised will help extend ParkBox capsule gym from communities to China Lodging's hotels, which has 500 hotel projects in the pipeline for the next two years.
92% of APAC customers fail to complete travel booking online
04/18/2018|11:43:08 AM|
Travel agents in the region face the biggest struggle to convert customers with 95.5% of them abandoning their online booking.
Travel firm PKFARE acquires tens of millions of yuan, backed by Caissa Tourism
04/18/2018|8:46:17 AM|
Having won financing from Civil Aviation Investment Fund, Caissa Tourism and CKGSB Chuang Fund, PKFARE will continue to exploit the supply chain and product inventories.
Eatwith partners with Chinese travel titans in culinary experiences
04/17/2018|11:15:02 AM|
Culinary platform Eatwith announced new partnerships with Ctrip (WeiLingDui), Qyer, Tongcheng, Meituan-Dianping and Mafengwo, in a move to bring authentic food experiences around the globe.
Shared lodging brand Islands secures tens of millions of yuan in financing
04/17/2018|8:51:26 AM|
Islands pools together existing room inventories in centrally located neighborhoods and lease them at 80% of the operating cost, to help generate returns on otherwise unused room stocks.
China hotels to gross $796 billion in 2018 in accommodation and F&B services
04/13/2018|5:54:46 PM|
Hotel report projects that China’s hotel industry will gross RMB 5 trillion from accommodation and F&B services in 2018. Jinjiang, BTG Homeinns and HUAZHU have been identified as the three biggest hotel groups.
Reputation report finds hotel facilities still the favorite review subject
04/13/2018|9:00:58 AM|
Hotel reviews left by families with children increased at the fastest rate in 2017, and hotel facilities were still most the most reviewed area by hotel guests.
Film Hotel raises $16 million in funding to speed up budget hotel makeover
04/11/2018|5:01:02 PM|
By integrating “films” and “hotels”, Film Hotel will create a new differentiated mid-scale hotel brand.
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