The company also says it has plans to dip further into the acquisitions when the opportunities arises.
China's summer holiday travel boosts domestic tourism; Hanting eyes 5,000 outlets in 3 years.
Either way, expanding into new categories amid the worst luxury downturn in modern history is not for the fainthearted.
Using historical pricing or just following others in your market is not an option.
Hanting also announced an upgrade plan based on intelligent service, guest experience and eco-friendly orientation.
China’s domestic market boosts global passenger demand in July; Jin Jiang International Hotels sees 42% drop in half-year revenue.
It’s important to adapt the rates depending on the season - the right price may not be the same price every day.
Meituan reports the world’s highest hotel room nights in Q2; Smart tour guide operator Lvji reports a net loss of $11.7 million.