Search results for “acquisition”
Chinese hotel giant Huazhu to snap up Deutsche Hospitality for €700m
11/05/2019|11:21:11 AM|
Jenny Zhang, CEO of Huazhu, thinks that the merger of Deutsche Hospitality and Huazhu will create the foundation of a global hotel group that combines "German quality and Asian speed”.
2019: the year hotels get a grip on acquisition costs
02/12/2019|4:11:52 PM|
"Book Direct" campaigns launched by many of the big brands last year have in fact been successful in "either stabilizing or strengthening the growth rate of bookings via proprietary hotel company websites."
Luxury Escapes breaks silence on potential Qantas or Booking.com takeover
12/02/2019|5:42:16 PM|
Luxury Escapes’ turnover is expected to be around $500 million in FY20, and its annual earnings have been growing at 50 percent.
Paytm forays into hotel booking with Nightstay acquisition
01/30/2019|2:22:02 PM|
Paytm plans to leverage Nightstay's acumen to expand it's portfolio in the vertical. It aims to increase it to 2 million hotels and accommodations globally.
Trip.com Group’s Q3 accommodation revenue rose by 98% over Q2
12/04/2020|10:52:34 AM|
The domestic hotel market is leading the overall recovery, uplifting the entire travel sector in China. Trip.com Group’s accommodation revenue in Q3 was USD 365 million, a 98% increase from the previous quarter.
KSL Capital takes minority stake in Asian resort operator
11/26/2019|3:35:13 PM|
Hong Kong-based Sailing Capital, which had invested in Soneva in 2014, redeemed its investment in the operator.
OTA giant names new chief; Travel group expands destinations | Weekly Review
12/27/2020|5:35:14 PM|
CTS Group buys 34% stake in "micro vacation" resort brand for $23 million; Hotel digital solution provider Lumous closes Series B round.
Tongcheng-elong’s CEO throws light on effective recovery strategy in Q3
11/28/2020|8:52:19 PM|
The company is looking at cost-effective traffic sources, especially in lower-tier cities, and banking on technological innovations going forward. The plan is to have 200 million annual paying users by 2021.
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