Rosedale Hotels is negotiating a 51% acquisition of Jinfa Holdings with a HK$75 million loan to its owners to develop Zhuhai Lizhou Resort Hotel.
Tempus Global will inject RMB55 million capital in subsidiary Chongqing Tempus Air Service to acquire 60% holding in Chongqing Xinganxian Travel.
Club Med plans to add seven resorts in China by 2020 following its sale to Fosun at EUR24.6 per share.
Huatian Hotels intended to issue only 150 million shares to raise RMB600 million, but Huaxin Turbine offered RMB1.653 billion in cash for 29.44% equity.
Qunar is aggressively recruiting startups in a bid to counter strong competition and secure a corner on the market.
ChinaTravelNews recaps highlights of China's travel industry for 2014 and looks ahead to the industry's future for 2015.
Kuaididache boosted its market valuation to US$4 billion following the completion of the round D financing that raised close to US$800 million.
China XLD Group’s acquisition of the Los Angeles Airport Marriot for US$165 million is the second Marriot acquisition for the group in a year.
