Reaching out to a wider customer base via different languages can be a major headache for hotel companies.
Louvre Hotels Group signed a strategic agreement with Chinese bank ICBC for a €2.5 billion.
Dalian Wanda, a China property developer with a market capitalisation of $US33 billion, said it planned to raise up to $US1.9 billion in the Chinese market.
Investors are bullish on Sydney, Australia, which continues to lure foreign investment, particularly into hotels.
Thailand’s hotel investment opportunities and real estate in general have been in the spotlight for the past year, and prospects remain promising.
Last week, Hotel Management reported Macau, China recently became the Asian market commanding the highest room rates, rising 64 percent year-over year to reach $202.
Chinese travel website Tuniu Corp said it has sold $500 million worth of new shares to a group of investors led by JD.com Inc.
New neglected tickets reporting function enhances leading operations management solution and ensures maintenance issues and guest requests are completed in a timely manner.
Royal Caribbean International announced that Tianjin, China, will be the new home for its third Quantum-class ship, Ovation of the Seas.
Dalian Wanda will invest in Sydney property. This will be the Chinese property company’s second investment in Australia.
Hotels are anxious to build properties in Cuba, but recognize the hurdles of bringing their business to the island nation.
An affiliate of China Communications Construction Company U.S. International buy Miami site for $74.7 million and plan to build mixed-use Hotel-Condo-Office.
Dalian Wanda Commercial Properties has received $2 billion worth of support from 11 cornerstone investors ahead of its Hong Kong initial public offering.
Chinese investors will become even more active and influential over the next 10 years, and will continue adapting to Western business practices.
China’s Ministry of Commerce has recently relaxed restrictions on overseas investment, so many Chinese investor are interested in acquiring overseas quality hotel.
China’s appetite for international travel is further encouraging investors to seek out luxury hotel assets in major cities.
Sofitel Luxury Hotels announced to open the first Legend in China and the fifth in the world which named Sofitel Legend People’s Grand Hotel Xian.
China’s fifth richest man Xu jiayin is reported to take his private jet to reach Queensland’s gold coast and plans to buy Sheraton Mirage Resort.
China Environmental Resources Group Limited announces to give up the acquisition of the entire equity interest of Clear Wisdom.
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