Search results for “inns”
GreenTree Inns teams up with foreign PE and invests in Yibon Hotels
04/18/2017|10:17:07 AM|
Chinese budget hotel operator GreenTree Inns has partnered with an overseas private equity firm to jointly invest RMB 150 million in domestic peer Yibon Hotels.
Huazhu launches shared booking platform Yisu for independent hotels
04/23/2019|4:59:28 PM|
In the first year of its operation in 2019, Yisu will provide direct sales channels to soft brand stores and it will charge no commissions as its goal is not to make a short-term profit.
OYO China CFO: We’ll have clear models for hotel operation and profitability
03/04/2019|8:57:29 AM|
"We know that speed, manpower efficiency and scalability are equally important. What’s not going to happen this year is that we will only manage to keep 5,000 of the 10,000 hotels we signed in 2018."
BTG reports 550 million yuan net profit in first 3 quarters of 2017
11/01/2017|1:18:49 PM|
BTG Hotels registered 40.15% increase in operating revenue to RMB 6.312 billion in the first nine months of the year. The net profit attributable to the parent company was RMB 550 million, up 250.9%.
Travelling With inns receives millions of yuan in A round
11/07/2016|9:33:55 AM|
Travelling With inns raised millions of yuan in its series A round, which was backed by Gobi Partners.
Ctrip invests in boutique chain Jiuqi Inns
09/22/2016|10:11:40 AM|
Boutique inn chain Jiuqi has received a strategic investment from Ctrip. This marks the OTA giant's dipping in China’s inn brands for the first time.
Home Inn registers AOR of 83.2% in H1 2016
08/31/2016|6:44:45 PM|
The average room rate of Home Inn in the first half of this year was RMB 160.72 per night; the average occupancy rate reached 83.2% and RePAR was RMB 133.76, according to the interim financial results released on August 30.
Hotel cloud-computing firm Titan completes C round financing
06/28/2018|10:16:14 AM|
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.
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