A portfolio of 85 hotels in Europe in the Economy and Midscale segments, for an asset value of €504 million, sold by AccorHotels for €146 million and 57 hotel assets covered by the purchase agreements containing a substitution clause for the buyer signed with Fonci#232;re des R#233;gions, Axa IM –...
StayNTouch announced on Monday that it had raised $9.5 million in a new investment round, led by Concur’s Perfect Trip Fund.Its Zest tool enables guests to view their room bill while hotel staffs are able to get touch-optimized extensions of the PMS from any Wi-Fi-enabled touch device....
A standard single day ticket for the Shanghai Disney Resort costs RMB 370 (USD 56.2), while a peak-day ticket for festival and holiday periods will be sold for RMB 499....
Shares of Chinese online travel agency Ctrip.com International could gain as much as 30 percent this year as tail winds from the country#39;s burgeoning travel industry spur rapid earnings growth, Barron#39;s said....
Jin Jiang International has increased its shareholding of AccorHotels to 5.5%, becoming the second largest shareholder of the French hotel group....
Chinese outbound visitor traffic in 2015 reached 120 million, up by 12% YoY, and they spent USD 104.5 billion, increased by 16.7% YoY....
Recently, many Chinese carriers feature fare families on their respective international websites.However, introducing fare families or unbundling isn’t a straight forward process.Airlines should not only focus on revenue maximization,instead, they should provide flexible products....
Novel outbound travel, family tour and cruise vacations is expected to grow significantly in 2016 as the Chinese population enjoy better quality of life and the tourism sector is offering better-quality service....
HNA Group made it to Fortune Magazine’s Top 500 list for the first time in 2015, ranking 464th with total revenue of USD 25.6 billion in the previous year. The company announced on January 28 that its total revenue in 2015 was RMB 188.1 billion (about USD 28.59 billion) in 2015....
The proliferation of mobile has given many hotels the chance to place many of their guest services onto smartphones and other devices. Recently,Cisco has built a mobile app demo that includes a string of features that it believes can be at the heart of the new hotel guest experience....