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Huazhu Group forms joint venture with Sunac China

03/23/2021|10:58:52 AM|

The joint venture company, named Yongle Huazhu Hotel & Resort Group, is formed with a total registered capital of RMB 50 million.

On track to recovery, China’s home-share industry sees great potential

01/26/2021|11:27:51 AM|

Branded properties accounted for only 5.6% of the alternative accommodation market, which was dominated by small- and medium-sized brands.

Accor Hotels holds 10.2% and Ctrip holds 7.5% equity of Huazhu

04/22/2019|6:10:46 PM|

As of December 31, 2018, Huazhu operated 4,230 hotels in China with hotel network covered 403 cities in 32 provinces and municipalities across China.

Lifestyle vacation provider Tsingpu closes A round, invests in Blossom Hill

03/21/2017|12:22:37 PM|

Lifestyle vacation provider Tsingpu Travel announced that it has raised RMB 200 million in its A-round financing and become a major stakeholder of boutique lodging brand Blossom Hill through a strategic investment.

Ctrip records $10m offline daily sales, Alibaba invests in FunNow, and more

08/19/2018|3:54:23 PM|

Huazhu acquired 71.2% shares of Blossom Hill for RMB 462.9 million; OYO signed 400 hotels and 25,000 rooms in China last month alone; travel service firm KLOOK raised $200 million.

Tongcheng and eLong said to have entered into a new round of strategic cooperation

08/11/2017|11:50:16 AM|

China Travel News has learned that Tongcheng and eLong have entered into a new round of strategic cooperation.

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