Marriott plans to open about 100 mid-scale hotels in China within next five years. This is expected to give the hotel group a bigger presence in China than in the United States.
Hilton Hotels recently introduced its concept of apartment-style hotel to China for the first time in a bid to expand into the country’s mid-scale market.
Ctrip announced that it has sealed exclusive distribution agreements with more than a thousand domestic hotels, further strengthening its control on China’s hotel supply.
BTG Hotels, the new parent company of Homeinns, reported 66.73% decline in net income for the first half of 2016.
BTG Hotels has named Mr. David Sun as general manager and appointed six assistant general managers to form a new leadership team.
The average room rate of Home Inn in the first half of this year was RMB 160.72 per night; the average occupancy rate reached 83.2% and RePAR was RMB 133.76, according to the interim financial results released on August 30.
Jin Jiang Hotels reported average room rate of RMB 183.80 and average occupancy rate of 74.09% in H1 2016, according to the financial results released on August 29.
LN Holdings planned to splurge RMB 3.437 billion to acquire 90.45% shares of GuangZhiLv, 100% stake in both Garden Hotel and China Hotel.
