Search results for “luxury market”
eLong gears up for new avatar, set for sharper focus on lodging
05/22/2015|10:36:34 AM|
eLong has over the years diligently focused on growing its lodging business, crossing 34m-mark room nights at the end of last year. Post the exit of Expedia, eLong is now set for a new chapter.
China’s OTAs net US$14 billion in transactions in Q1 2015
05/18/2015|10:47:22 PM|
China’s OTA market recorded RMB87.5 billion in transactions during the first quarter of 2015 an increase q-o-q of 11.7% and 29.2% y-o-y.
Huatian Hotel’s revenue plunges 39.51% y-o-y in Q1 2015
04/29/2015|9:32:24 AM|
Huatian Hotel Group recorded RMB263 million operational revenue and RMB48.7938 million net profit, down 39.51% and 28.03% y-o-y respectively.
Carlson Rezidor to expand Greater China operations
05/20/2015|6:25:44 PM|
The Carlson Rezidor Hotel Group will launch two original brands in China and plans to quadruple the number of its hotels in China in the next four years.
Customer online reviews gain traction for China's hotel industry
04/23/2015|9:40:45 AM|
Hotel customers posted 20 million reviews or 61,000 reviews per day in 2014, up 163.8% against the previous year.
GZ Transport Commission comes out with its own knockoff “budget Uber”
05/11/2015|10:51:11 AM|
Under the pretext of investigating a market economy player Uber, the Guangzhou Transport Commission is producing a cheap imitation of Uber’s service.
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.
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