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Indebted conglomerate HNA Group to sell US asset Ingram Micro

HNA Technology acquired 100% shares of Ingram Micro in December 2016 for USD 5.98 billion, the majority of which was borrowed money from banks.

12/09/2020|11:56:05 PM|ChinaTravelNews

Huazhu Group posts better-than-expected revenue growth in Q3

Huazhu expects net revenues to grow by 0%-3% year-over-year for the fourth quarter.

12/04/2020|8:37:54 PM|ChinaTravelNews

GreenTree Hospitality registers 8.6% drop in revenues for Q3

RevPAR was down by 19.8% year-over-year.

12/03/2020|5:19:38 PM|ChinaTravelNews

Meituan posts 113.9 million domestic hotel room nights in Q3, up by 3.7%

Thanks to China’s effective control measures and stronger traveling demands during the summer, cross-city and business travel both recovered well in comparison to previous quarters.

11/30/2020|6:43:34 PM|ChinaTravelNews

Lifestyle travel brand raises fund, CEO revealing plans at TravelDaily Conference

Betterwood is developing as a lifestyle brand delivering diverse business values.

11/23/2020|6:15:58 PM|ChinaTravelNews

Xbed hotel brand raises more than $15 million, aiming for expansion in lower-tier cities

Xbed now has a total number of 3.7 million registered users.

11/22/2020|11:07:48 AM|ChinaTravelNews

Expedia Group reports 68% drop in gross bookings in Q3

"The travel industry and the world still face a prolonged and bumpy path to recovery, with increasing COVID-19 cases and uncertainty around vaccine and therapeutic timelines."

11/05/2020|8:05:25 AM|ChinaTravelNews

WeChat hotel marketing expert Zhiketong raises $50 million in series D round

Zhiketong targets to have clients’ total transaction value exceeding the RMB 100 billion (USD 14.97 billion) mark by 2025.

11/04/2020|7:52:46 PM|ChinaTravelNews
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