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Luxury hotel expansion filters down to second-tier cities amid market slowdown

Increasing globalization and economic prosperity in second-tier cities Chengdu and Wuhan has spurred demand for luxury services, especially hotels.

02/03/2015|11:36:17 AM|ChinaTravelNews

Investment in China’s luxury hotels set to slowdown

China's star-rated hotels have resorted to voluntarily lowering their star ranking and selling off assets t survive.

01/29/2015|10:41:26 AM|ChinaTravelNews

China Lodging appoints CFO as President

China Lodging Group (CLG)CFO Jenny Zhang is appointed as President reporting directly to CEO Qi Ji.

01/26/2015|3:12:46 PM|ChinaTravelNews

Jinjiang Group acquires Louvre Group in bid to expand to Europe

Jinjiang Holdings acquired France’s Louvre Group, estimated at EUR1.25-1.5 billion, and will fully integrate the two hotel groups.

01/23/2015|3:21:01 PM|ChinaTravelNews

HotelGG raises US$4.8 million to enhance MICE platform

HotelGG, a portal for hotel venue search, price comparison and booking, has raised RMB30 million (approx.: US$4.8 million) in its Series A financing.

01/20/2015|6:39:37 PM|ChinaTravelNews

Atour Hotel raises US$30 million for innovative expansion

Atour Hotel will accelerate its expansion in China and abroad as well as set up an experiential user community with the latest funding.

01/19/2015|9:07:54 PM|ChinaTravelNews

Shakeup ahead for China’s glutted luxury hotel market

Luxury hotels in China are bracing for fierce competition as supply soars - the glutted market had a total of 800 five-star hotels in 2014.

01/16/2015|8:48:09 AM|ChinaTravelNews

Chinese Hotel and airlines associations emerging

Hotel groups are coming together and pooling resources to survive this critical juncture and entering an age of associations and alliances.

01/13/2015|3:57:54 PM|ChinaTravelNews
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