The keen capitalists have realized the business opportunities of specialized leasing companies in China and many institutional investors have entered into the apartment leasing “Blue Ocean”.
Welcome to breaking news this week: Jin Jiang and HNA Group are in a new round of acquisition; Spring Airlines enters hotel sector; Hotel marketing war begins; VAT reform triggers price increase
Major Chinese hotel operator Jin Jiang announced that it planned to buy 80% shares of Vienna Hotels Group
InterContinental Hotels Group has become the first international hotel brand to drop its price increase plan after government intervention.
Systemwide first-quarter average daily rate increased 2.1 percent year over year to $177.19. Occupancy increased 0.9 percentage points to 71 percent.
Hilton Yantai Golden Coast recently announced the appointment of Vincent Zhou as general manager of the hotel.
The Ritz-Carlton Spa aims to tailor spa experiences “anchored in local culture, employing natural and organic solutions.”
TripAdvisor has acquired London-based vacation rental service HouseTrip for an undisclosed amount.
The Zhejiang Taizhou Marriott Hotel marks the debut of Marriott International’s iconic flagship brand in the city of Taizhou, Zhejiang province of China.
HNA Tourism group is buying Carlson Hotels Inc. from Carlson Hospitality group, including Carlson Hotels’ majority stake in Rezidor Hotel Group.