FIT Ruums, Webjet Limited’s Asian B2B travel brand, has arrived in India and is rapidly ramping up its business in this dynamic market.
Travel companies in Asia Pacific with China in particular are embedding analytics into their organizations to forecast demand and increase revenues, according to a survey by Hotelbeds.
Marriott International announced that the group will add more than 100 properties to its Asia Pacific portfolio that currently has 113 luxury hotels.
China Lodging Group (Huazhu Hotels) announced that it has closed the acquisition of Crystal Orange Hotels for RMB 3.65 billion (USD 540 million).
China Lodging Group posted net revenues of USD 231.4 million in the first quarter of 2017, up by 10.8% YoY. Net income attributable to company rose from RMB 69.4 million in Q1 2016 to RMB 148.1 million (USD 21.5 million).
BTG Hotels’ operating revenue skyrocketed 437.35% YoY in the first quarter of 2017 to RMB 1.913 billion, of which Homeinns contributed 81.02%.
Hotel data specialist Joint Wisdom boosted its operating revenue by 48.81% to RMB 86.72 million in 2016. Net loss attributable to its shareholders was trimmed by 1.58% at RMB 66.12 million.
Hotelbeds Group announced on April 21 plans to merge GTA into its Bedbank business unit after it announced plans for Tourico to join the group in February.
