Search results for “luxury demand”
Room rates plunge as Shanghai luxury hotel glut continues
04/10/2015|9:24:28 AM|
Shanghai is experiencing a glut of premium hotels and the hotel industry will face a high vacancy rate if investments in new hotel projects continue unchecked.
Beijing five-star hotels suffer losses in 2014
04/02/2015|9:47:55 AM|
As hotels are rushing to fill vacancies with leisure travel customers the industry is finally on the path to healthy development.
Top Chinese hotel IT operator AMTT raises US$32 million
04/16/2015|3:19:41 PM|
This financing round will bring high growth for AMTT, its products and service applications are used in a million hotel rooms in China.
Customized travel startup Sinbad gets multi-million financing
03/30/2015|6:30:16 PM|
Sinbad has received a multi-million RMB Series A financing from Shenzhen Capital Group.
Starwood Hotels pushes into Greater China with 20 new hotels
02/28/2015|9:50:29 AM|
Starwood Hotels plans to open 20 hotels in greater China in 2015, including two luxury hotels, 12 high-end hotels, and six select boutique hotels.
Luxury hotel expansion filters down to second-tier cities amid market slowdown
02/03/2015|11:36:17 AM|
Increasing globalization and economic prosperity in second-tier cities Chengdu and Wuhan has spurred demand for luxury services, especially hotels.
Shakeup ahead for China’s glutted luxury hotel market
01/16/2015|8:48:09 AM|
Luxury hotels in China are bracing for fierce competition as supply soars - the glutted market had a total of 800 five-star hotels in 2014.
Beijing mulls limousine entry to hire car market
01/12/2015|4:00:55 PM|
The Beijing transport authorities are investigating the introduction of luxury limousines in view of the demand for high-end hire car services in the capital.
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