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InnMall secures million-yuan in A round

FlightManager’s CEO Jiang Wang said that his investment in InnMall has been completed. The round had SIG as lead investor and generated tens of millions of yuan.

08/08/2016|10:39:58 AM|ChinaTravelNews

Four Seasons accelerates expansion in China to woo high-end customers

Four Seasons will open a host of properties in China and popular travel destinations to pick up its pace of development in China in the coming year.

08/05/2016|8:14:35 PM|ChinaTravelNews

Hotel room glut drives down room rate and revenue in China

Hotel chains over-expansion has caused four in ten hotel rooms in China staying empty and is driving down room rate and RevPAR.

08/03/2016|10:01:40 AM|ChinaTravelNews

Accor explores upscale hotel market in China after FRHI acquisition

AccorHotels has boosted its hotel portfolio in China to 195 following its acquisition of FRHI and its three upscale hotel brands, and plans to open four Sofitel hotels, four Pullman hotels, one Fairmont hotel and two Swissotels by the end of next year.

08/01/2016|9:56:17 AM|ChinaTravelNews

China Lodging and Vanke back SimplyWork in series A round

Office-sharing platform SimplyWork announced that the company has raised RMB 30 million in its series A round. The round had China Lodging Group, Vanke and IDG Capital as investors.

06/22/2016|11:51:18 AM|ChinaTravelNews

China’s star-rated hotels post RMB 49.665 billion revenues in Q1 2016

China’s star-rated hotels generated total revenues of RMB 49.665 billion in Q1 2016 and average occupancy rate was 48.94%, down by 0.17%.

06/16/2016|10:22:59 AM|ChinaTravelNews

China Lodging announces new president and plans to tap sharing accommodation

China Lodging Group announced on June 13 that the company has promoted Hui Jin as president. Mr. Jin continues to participate in the company’s major decision-making and reports to CEO Jenny Zhang.

06/16/2016|3:39:26 PM|ChinaTravelNews

HNA Hospitality denies report of equity talks with AccorHotels

HNA Hospitality, a HNA Group affiliate, told ChinaTravelNews on June 11 that the company was not, and had no plan of, negotiating to take a stake in AccorHotels, countering reports by French media.

06/13/2016|10:36:17 AM|ChinaTravelNews
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