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BTG reports 550 million yuan net profit in first 3 quarters of 2017

BTG Hotels registered 40.15% increase in operating revenue to RMB 6.312 billion in the first nine months of the year. The net profit attributable to the parent company was RMB 550 million, up 250.9%.

11/01/2017|1:18:49 PM|ChinaTravelNews

DerbySoft, Hotelchamp join forces in name of direct bookings

Travel distribution service firm Derbysoft and hotel direct-booking technology provider Hotelchamp announced a partnership to increase and convert hotel website traffic.

10/26/2017|3:50:47 PM|DerbySoft

Jin Jiang Hotels increases its stake in Plateno Group to 93%

To further integrate resources and reduce costs, Jin Jiang International Holdings will acquire 12.0001% stake held by Prototal Enterprises Limited in Keystone, a Jin Jiang subsidiary that controls Plateno.

10/24/2017|12:44:15 PM|ChinaTravelNews

China’s star-rated hotels net RMB 471 million profit in 2016

The star-rated hotels in China netted operating incomes of RMB 202. 726 billion and total profits of RMB 471 million last year. Room and catering accounted for 44.79% and 41.30% of the total revenues.

10/23/2017|10:46:33 AM|ChinaTravelNews

Jinjiang dumps its majority stake in Joyu for RMB 970 million

Jinjiang International has transferred its 16.1892% stake in Joyu Group for RMB 969.8 million, after which it will no longer be a shareholder of Joyu.

10/20/2017|4:28:53 PM|ChinaTravelNews

BTG Hotels’ operating income rises 71.33% YoY to ¥3.988 billion

BTG Hotels reported operating income of ¥3.988 billion in H1 2017, an increase of 71.33%; net profit attributable to the parent company grew ¥227 million to ¥241 million, an increase of 1626.29%.

08/31/2017|9:45:57 AM|ChinaTravelNews

IHG’s mantra for localization in China – be “fully embedded”

When you understand data, technology, media mix etc. by being in proximity with local partners, it can pave the way for apt localization, asserts Billy Turchin, VP, Digital and Voice, IHG Greater China.

08/31/2017|10:05:17 AM|ChinaTravelNews

China Lodging expects 23%-26% revenue growth with Crystal Orange acquisition

China Lodging Group (Huazhu) raises net revenues growth range to 23%-26% given the consolidation of its Crystal Orange Hotel acquisition and better-than-expected performance in 2017.

08/17/2017|8:00:45 PM|ChinaTravelNews
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