Home Inns & Hotels Management CEO David Sun is optimistic about the long-term perspective of the travel and lodging market in China.
China Lodgings Group is eyeing major expansion and strengthening of its digital capabilities to benefits stakeholders in 2015 .
Fosun plan to develop a new hotel chain brand for the Chinese market with Thomas Cook and acquire 220 Concept Hotels for 500 million euros.
China Lodging Group has already signed 311 hotels to the affiliated platform, with 262 hotels operational online, covering 108 cities.
BTG Hotels’ invested RMB5.1 million investment and Shanli Hanshe Tourism Investment contributes RMB4.9 millionto BTG Hanshe Hotel Management JV.
According to Club Med’s development plan, China will become the second largest market after France for Club Med by 2015.
Jinjiang Holdings purchase of Starwood Capital Group’s Louvre Hotel Group is its latest move to surpass Hilton Hotels globally in five years.
Chinese investors will inject more than 200 million GBP annually into the global hotel marketboosting their market share from the current 4% to 10% by 2017.
