NH Hotel’s decision to foray into China comes at a time when the whole sector is buzzing with rapid expansion. A look at how the European company is approaching this market.
Major Chinese hotel operator Jin Jiang announced that it planned to buy 80% shares of Vienna Hotels Group
Honeymoon lodging service ShiLiLi announced it has raised RMB 30 million from a consortium led by Mr. Chi Li, one of the three successful investors known as “The Warren Buffets of China.”
Chinese companies splashed out USD 2.6 billion on buying US hotel properties in 2015 and the buying spree is expected to keep on
Long-stay rental platform Mofang Apartment has raised USD 300 million in its series C round financing led by AVIC Trust, according to a WeChat Official Account named Fang Dong Dong on April 7
HotelGG announced partnership with strategic investor Leyard Optoelectronic and the companies will provide LED equipment lease for hotel events.
BTG Hotel announced that it had set up a joint venture with Alitrip and Shiji Information to form a hotel alliance brand and provide free full-content e-commerce services to the alliance’s hotel members.
Foreign hotels are looking into issues related to pricing, brand integrity and distribution infrastructure when it comes to dealing with OTAs in China.