Search results for “luxury market”
IHG CEO: China is “second home market” and OTA is running hotels “to learn”
05/11/2019|10:52:22 PM|
Mr. Keith Barr is not that concerned on the Chinese hotel giants' international play.
New York-listed GreenTree to acquire mid- and up-scale hotel group Argyle
01/28/2019|10:02:02 PM|
The majority of Argyle's properties are located in South West China. Argyle's highly distinguished brand portfolio and geographic coverage are highly complementary to GreenTree's business and expansion plans.
Affordable luxury brand Hotel MoMc bags another funding following 60-million yuan injection
12/21/2018|8:57:19 AM|
Hotel MoMc is optimistic of the budding markets in the second-, third- and fourth-tier cities and aims to integrate local characteristics to create personalized stays.
Wanda unveils mid-end hotel brand, Shangri-La ties up with Klook, and more
12/10/2018|11:54:46 AM|
Visa-free entry to the EU may add €12.5 billion more tourism spending from Chinese visitors every year. Budget airlines in China are actively growing ancillary revenues, while state-owned carriers only provide prepaid seat selection options for international flights.
Wanda reinstates its hotel ambition with Wanda Moments brand
12/04/2018|9:05:53 AM|
Wanda Hotels & Resorts has been heading towards being asset-light following a blockbuster deal in July 2017 that changed its asset portfolio.
Sino-US travel hit by trade war, Tencent to buy $400m stake in Meituan IPO, and more
09/03/2018|10:51:01 AM|
Chinese tourists to Russia increased by 150% in January-July 2018. Weekly travel bookings from China to the US dropped by 8.4%. Meituan is to go public in Hong Kong on Sept. 20, and Tencent plans to buy $400 million worth of shares in the IPO.
China’s cruise industry projected to create 460 billion yuan by 2035
08/10/2018|9:19:56 AM|
Asia’s cruise market is sailing into a golden era, powered by significant growth in China. By 2035, China’s cruise industry is projected to generate 460 billion yuan in revenue.
Tencent leads new funding in OYO, Chinese spends $45 billion to escape heat, and more
08/06/2018|11:58:59 AM|
Tencent Holdings is likely to inject $300-500 million into OYO Rooms. This summer, Chinese tourists will make about 500 million trips in July and August, and are expected to spend more than $45 billion.
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