China’s investors have splashed USD 9.25 billion snapping up hotels and accommodation worldwide in 17 deals so far this year.
China Lodging Group (Huazhu Hotels Group) reported net income growth of 31.4% to RMB 293.9 million (USD 44.1 million) in Q3 2016.
Webjet announces the launch of FIT Ruums, a new business-to-business (B2B) travel distributor dedicated to the Asia region, operating under its B2B division, WebBeds FZ.
Greenland Hong Kong and Ctrip announced a partnership in which the former’s serviced apartments will be listed on the latter’s online booking platform.
Travelling With inns raised millions of yuan in its series A round, which was backed by Gobi Partners.
LN Holdings’ operating revenue increased 3.98% to RMB 82.69 million in the third quarter of 2016. Net profit was RMB 7.85 million, up by 30.82% YoY.
Jin Jiang Group’s subsidiaries Jin Jiang Hotels Development, Jin Jiang Investment, Jin Jiang Travel registered a total of RMB 736 million net profit in Q3 2016.
Japan's household and consumer product brand Muji plans to open its first hotel in Beijing by the second half of 2017.
