Plateno's apartment rental brand Wowqu announced that it had received RMB 50 million in its Pre-A round financing backed by 58.com, a Chinese classified advertisement website.
Hilton is planning more than 400 hotels in Asia Pacific and expects to introduce more brands into China, considered a key market in its future strategy.
China Tourist Hotels Association has ranked Jinjiang Hotels, BTG HomeInns and China Lodging as the country’s top three hotel groups in its Top 60 China Hotel Groups ranking for the past year.
The blend of Bluetooth beacon technology, hyper local marketing, and GPS geo-fencing can help hotels to convey what they have to offer and in turn, improve the overall stay experience.
Apartment service platform Chengjia has raised USD 50 million in its series Pre-A round funding, backed by its co-founders China Lodging Group and IDG Capital.
Chinese conglomerate Dalian Wanda and property developer Sunac China jointly announced on July 10 that Sunac will acquire 13 Wanda cultural tourism projects and 76 Wanda hotels for RMB 63.17 billion (USD 9.3 billion).
Arne Sorenson, President & CEO of Marriott International, defined China as their largest market. Mr. Sorenson said that Marriott will need more brands to expand in the market.
FIT Ruums, Webjet Limited’s Asian B2B travel brand, has arrived in India and is rapidly ramping up its business in this dynamic market.