A hotel ranking list based on room counts shows local economy hotel chains topping the charts while major international hotel groups are shrinking in scale.
“Our goal is to become the leader in the market of medium- and small-sized hotels in third- to sixth-tier cities within the next three years,” said CEO Lihua Xiao.
ChinaTravelNews has learned exclusively that Jin Jiang Hotels will make a strategic investment in Plateno Group that will lead to the link-up of the two groups.
China’s top 60 hotel groups in terms of size for 2014 were published in the “2014 China Hotel Group Operational Scale Statistics”.
Hotel B2B online direct sales platform Ziztour announced it received 100 million yuan from investors led by Legend Holding in its A Series financing round.
The “China Hotel Alliance” was officially formed on July 6, comprising six major high end Chinese hotel groups.
Shiji Technology will invest up to RMB50 million in a partnership hotel IT developer Talent's and aquired Armitage PMS Pegasus to boost Alitrip's hotel management.
Former greater China regional director of Starwood Group, Jin Qian, will join Wanda Hotels and Resorts as President to lead this Chinese hotel group.
