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Shimao Property partners with Starwood Capital to create new hotel JV in China

Chinese developer Shimao Property and global private investment firm Starwood Capital will establish a new hotel joint venture based in China. The venture will be owned 51% by Shimao and 49% by Starwood Capital.

03/30/2017|7:25:18 PM|ChinaTravelNews

BTG Hotels focuses on upper midscale brands following phased consolidation

BTG Hotels has completed first-phase consolidation of former BTG Hotels Group and Homeinns Group in nine months after their merger and will be focusing on upper midscale brands for the next few years.

03/29/2017|11:28:57 AM|ChinaTravelNews

Hotel conglomerate LN Holdings’ 2016 net profit drops 21.96% to 30.61 million yuan

LN Holdings reported operating revenue of RMB 303 million in 2016, down by 0.99% YoY. Net profit dropped 21.96% to RMB 30.61 million during the time.

03/23/2017|11:05:06 AM|ChinaTravelNews

Lifestyle vacation provider Tsingpu closes A round, invests in Blossom Hill

Lifestyle vacation provider Tsingpu Travel announced that it has raised RMB 200 million in its A-round financing and become a major stakeholder of boutique lodging brand Blossom Hill through a strategic investment.

03/21/2017|12:22:37 PM|ChinaTravelNews

Hilton plans to multiply its hotels in China

Hilton will see a substantial increase in hotel properties in China in the next few years, as it is currently developing 234 hotels on top of the more than 90 hotels in operation in the country.

03/20/2017|10:26:58 AM|ChinaTravelNews

China Lodging Group's net revenues rise 13.2% in 2016

China Lodging Group (Huazhu Hotels) reported net revenues of RMB 6,538.6 million (USD 941.8 million) in 2016, up by 13.2% YoY, in line with the guidance previously announced.

03/15/2017|6:18:37 PM|ChinaTravelNews

Orient Victory China buys 78% stake in Japanese hotel firm Nibou

Orient Victory China Holdings will buy a 78% stake in Nibou Company Limited, a Japanese hotel company, for JPY 103,740,000 (USD 903,163).

03/14/2017|2:02:41 PM|ChinaTravelNews

Key to being customer-centric: Count on cloud + data + API

A guest or a consumer doesn’t differentiate between “experiences” coming from a retail brand or a hotel property. So hotel companies need to focus on customer-centricity in the complex world of accommodation shopping.

03/07/2017|8:57:27 AM|ChinaTravelNews
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