After two successful financing rounds, mid-range Vienna Hotels Group is raising a third capital injection of RMB300 million.
Five-star hotels and other luxury facilities have been excluded in Beijing’s sanctioned government procurement list of 318 conference venues in the city.
Shiji Technologies will invest 25 million euros to acquire 55.45% equity, of Austrian hotel data management company SnapShot.
Dujiake recently received an investment to the tune of RMB10 million and announced former Airbnb Taiwan executive Fengchi Hsu join its ranks.
Home Inns & Hotels Management CEO David Sun is optimistic about the long-term perspective of the travel and lodging market in China.
China Lodgings Group is eyeing major expansion and strengthening of its digital capabilities to benefits stakeholders in 2015 .
Fosun plan to develop a new hotel chain brand for the Chinese market with Thomas Cook and acquire 220 Concept Hotels for 500 million euros.
China Lodging Group has already signed 311 hotels to the affiliated platform, with 262 hotels operational online, covering 108 cities.
