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Online travel giants Meituan, Tongcheng actively invest in hotel groups

Chinese OTAs have a long history of buying into their hotel partners.

01/07/2021|3:58:30 PM|ChinaTravelNews

Shareholder urges MGM China to bring in new investor like Meituan, Trip.com or Huazhu

MGM Resorts International can be an important partner for the strategic shareholder’s future internationalization efforts, especially in outbound consumer services to the U.S. and Japan.

01/07/2021|12:23:53 AM|ChinaTravelNews

Hotel data platform Htrip secures USD 25 million in a new financing round

The company claimed to have served 185 million middle and high-end business travelers this year.

12/29/2020|6:16:40 PM|ChinaTravelNews

Smart hotel solution provider RestHour secures tens of millions of yuan

RestHour primarily serves hotels and home-share providers in top-tier cities that have to deal with a huge visitor flow.

12/27/2020|9:38:31 PM|ChinaTravelNews

CTS Group buys 34% stake in "micro vacation" resorts New Century Senbo for $23 million

New Century Senbo offers short-distance vacations near cities to the Chinese middle-class consumers.

12/25/2020|4:50:27 PM|ChinaTravelNews

Hotel digitization solution provider Lumous closes Series B financing round

Lumous has established partnerships with 70% of China’s top ten hotel brands including Jinjiang Hotels and BTG Homeinns.

12/24/2020|2:53:40 PM|ChinaTravelNews

Travel group LN Holdings acquires two tour operators to expand destination network

Last month, Guangzhilv announced that it will acquire Shanghai Shenshen International Travel Service to set up its eastern destination-service system.

12/23/2020|11:50:54 PM|ChinaTravelNews

Upscale hotel group New Century invests in business hotel Hanyue

Other than the capital investment, the two companies vowed to strengthen their cooperation in product, technology, membership, central reservation and platform construction.

12/23/2020|11:14:27 PM|ChinaTravelNews
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