The 11,369 hotels in operation reported RMB22.253 billion from F&B and RMB20.705 billion from room sales for total revenue of RMB49.168 billion.
Nong Xia will replace 30-year veteran Jing Qian to head of expansion in the greater China mid-range hotel market.
According to Ted Zhang, Chinese hotel organizations need to evolve, and keep pace with evolving distribution platforms and channels.
The Carlson Rezidor Hotel Group will launch two original brands in China and plans to quadruple the number of its hotels in China in the next four years.
Chinese hotels are under pressure, with wobbling RevPAR adversely impacting the overall profitability in Q1.
Hangzhou-based Zhuyou Hotel Group’s COO Yangqing Shi said its Pod Hotel has completed a Series C financing round.
Four major CEOs in China’s hotel industry had a rare and candid discussion at the “CEO Chat” event at the TravelDaily China Hotel Marketing Conference.
SIMPLE Capsule Hotel has won a joint investment from Shanshan Ventures and PIF in its Series A financing round.
