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Smart hotels operator InnJoy closes a $1.5 million angel funding round

In 2017, InnJoy netted approximately RMB 5 million in total revenue, RMB 3 million of which was from the hotel business, and RMB 2 million from the smart home appliance business.

07/02/2018|5:32:49 PM|ChinaTravelNews

Homestay chain brand Youjia closes funding round backed by Ctrip

By investing in homestay brand Youjia, Ctrip aims to build quality home-share inventory and move up the supply chain.

06/28/2018|10:20:49 AM|ChinaTravelNews

Huazhu Group ranked as world’s 4th highest value hotel group

The Chinese hotel group had a market capitalization of around USD 12.8 billion as of June 26, trailing just behind Marriott, Hilton and Accor.

06/28/2018|10:02:03 AM|ChinaTravelNews

Lending a distinctive touch to each and every hotel brand - how to attain success?

Companies like Huazhu Group and Wyndham aren't averse to experimenting. Importantly, standardization of a hotel category doesn't mean being "fixed" for these companies.

06/28/2018|9:48:35 AM|ChinaTravelNews

Hotel cloud-computing firm Titan completes C round financing

Chinese hotel cloud-computing service firm Titan received around USD 15 million in its series C round funding. The company will use the proceeds to double down on technological innovation and business expansion.

06/28/2018|10:16:14 AM|ChinaTravelNews

Hotel accommodation is not just a "stay" product, view it as "space" to do things

Hotels need to incorporate facets such as "play", "socialize", "work" etc. of one's lifestyle in addition to the "stay" service that properties deliver, asserts David Sun, General Manager, BTG Homeinns Hotels Group.

06/27/2018|3:28:47 PM|ChinaTravelNews

Hotel vending machine supplier MoBianLi raises $1.85 million in funding

MoBianLi supplies franchisees with machines for RMB 500-600, while the average market price is RMB 900-1200.

06/22/2018|5:00:51 PM|ChinaTravelNews

Hotels need to act fast and prudently to deal with fragmentation in distribution

Be it for what needs to be done to optimize association with a new channel/ platform or managing rate disparity and revenue leakage, some foreign hotel companies are cautious in approaching emerging options such as Fliggy, WeChat etc.

06/01/2018|7:39:30 AM|ChinaTravelNews
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