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Intelligent hotel solution provider Xiezhu Technology lands $37 million funding

The company’s solutions are used by 8,000 hotels in China and have helped upgrade 350,000 rooms.

01/10/2020|10:48:30 AM|ChinaTravelNews

Annual wrap-up: 12 major travel news events in 2019

Buoyed by technological innovations and transformation in consumer demands, the travel sector has soared despite turbulence in the year.

12/26/2019|4:42:58 PM|ChinaTravelNews

Accommodation operator ttg lands tens of millions of yuan in funding

ttg has so far serviced over 100,000 travelers who spent an average price of 90 to 120 yuan per order.

12/24/2019|4:56:35 PM|ChinaTravelNews

Booking.com chairwoman on China market, brand synergy and new growth engines

Early entry was but the first step of Booking.com’s game plan on building its presence in China, and partnering with major local players is deemed essential.

12/09/2019|8:10:43 AM|ChinaTravelNews

Trip.com-backed homestay operator Sweetome gains investment from Airbnb

Sweetome’s stakeholders now include Trip.com Group, Airbnb, 58.com Inc and Expedia.

12/04/2019|6:40:05 PM|ChinaTravelNews

Tencent-backed OTA Tongcheng reports 124.9 million MAUs in Q3

Lodging revenue rose 34.5% to RMB693.7 million in the third quarter, while transportation revenue climbed 1.6% to RMB1,139.6 million.

11/25/2019|5:59:02 PM|ChinaTravelNews

Hotel data operator Htrip secures RMB 100 million in A+ round funding

As of October 2019, Htrip has formed strategic cooperation with 34 out of the top 100 domestic hotel groups.

11/21/2019|6:01:24 PM|ChinaTravelNews

GreenTree reports 20.1% rise in revenue, 1.3 percentage points drop in occupancy

ADR was RMB 174, an increase of 4.2% year-over-year. Occupancy rate was 85.9% in the third quarter, compared with 87.2% in the third quarter of 2018.

11/21/2019|4:15:30 AM|ChinaTravelNews
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