Ctrip isn’t going to take over 100% stake in eLong, and will keep it as a public company in order to gain approval from the regulatory body.
Goldman Sachs lowered shares of China Lodging Group to an overweight rating in a report released on March 12.
As global hotel chains move into China, Chinese hotel groups such as China Lodging Group and Home Inns Group are following the soaring number of outbound tourists by expanding beyond the country’s borders.
Starwood Hotels & Resorts, Marriott International, Kerzner International and even Hard Rock Hotels are rushing to get a foothold on the island of Hainan, China.
China Lodging Group continues to implement its aggressive growth strategy with six brands ranging from the economy to the midscale and upscale segments.
PRC-based hotel operator China Lodging Group Ltd said that during Q2 2013 the company opened 30 leased hotels and 93 net franchised hotels.
China Lodging Group, a leading and high-growth limited service hotel chain operator in China, today announced preliminary hotel operating results for the second quarter of 2012.
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