Islands pools together existing room inventories in centrally located neighborhoods and lease them at 80% of the operating cost, to help generate returns on otherwise unused room stocks.
By integrating “films” and “hotels”, Film Hotel will create a new differentiated mid-scale hotel brand.
Alipay parent company Ant Financial and CCB International are new investors, and both will participate in Octopus’s new S2B initiative.
DidaTravel will continue to increase direct procurement of hotel resources, expand overseas sales and domestic offline channels after completion of the current round.
Teamsport Parent will acquire eHi in a deal that values eHi at USD 937.5 million. Ctrip held a 14% equity interest in eHi as of 2016 with aggregated investment cost of USD 107 million.
After the latest capital injection, Xband Club plans to expand its homestay business to build an inventory of 10,000 guest rooms in five years.
Fuel price, as an important factor affecting the profitability of airlines, sees different market forecasts and should draw a cautious attitude from airlines.
The company is expecting revenues in excess of RMB 60 million in 2018 and RMB 100 million in 2019.
