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LN Holdings to splash out RMB 3.4 billion in hotel tourism investment

LN Holdings planned to splurge RMB 3.437 billion to acquire 90.45% shares of GuangZhiLv, 100% stake in both Garden Hotel and China Hotel.

08/26/2016|2:53:03 PM|ChinaTravelNews

China Lodging keen on sustaining growth, plus better margin

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.

08/19/2016|5:33:26 PM|ChinaTravelNews

China Lodging Group grows robustly in mid- and up-scale RevPAR

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.

08/16/2016|9:22:10 PM|ChinaTravelNews

Hotel alliance joint venture opens in Hangzhou, targeting independent hotels

Zhejiang Future Hospitality Network Technology Limited, co-founded by Alitrip, BTG Hotels and Shiji Information in late March, was inaugurated on August 10 in Hangzhou, China.

08/12/2016|9:58:01 AM|ChinaTravelNews

InnMall secures million-yuan in A round

FlightManager’s CEO Jiang Wang said that his investment in InnMall has been completed. The round had SIG as lead investor and generated tens of millions of yuan.

08/08/2016|10:39:58 AM|ChinaTravelNews

Four Seasons accelerates expansion in China to woo high-end customers

Four Seasons will open a host of properties in China and popular travel destinations to pick up its pace of development in China in the coming year.

08/05/2016|8:14:35 PM|ChinaTravelNews

Hotel room glut drives down room rate and revenue in China

Hotel chains over-expansion has caused four in ten hotel rooms in China staying empty and is driving down room rate and RevPAR.

08/03/2016|10:01:40 AM|ChinaTravelNews

Accor explores upscale hotel market in China after FRHI acquisition

AccorHotels has boosted its hotel portfolio in China to 195 following its acquisition of FRHI and its three upscale hotel brands, and plans to open four Sofitel hotels, four Pullman hotels, one Fairmont hotel and two Swissotels by the end of next year.

08/01/2016|9:56:17 AM|ChinaTravelNews
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