The hotel tech firm continues its international growth with new product and service launches.
As Anbang looks to raise cash more rapidly, the insurer has decided to sell the entire portfolio of about 15 hotels.
According to The Economic Times, OYO is in talks with companies including SoftBank and We-Work for a new round of investment. The deal is expected to finalise by the end of this month.
Though an emerging player in the market, Hyperfit has maintained an in-store conversion rate of 80% and a repurchase rate of over 80% through word of mouth. The numbers are still growing.
Three ways for tourism brands to gain customer loyalty: Deliver assistance from the very first touchpoint; put the traveler in control; enable and augment the traveler experience.
By the end of 2017, China registered 457,834 accommodation facilities and 16,770,394 guest rooms. About 69% of them were hotels and 31% were alternative accommodations.
Upon completion of the Acquisition, Huazhu will own an aggregate of 82.5% of the shares of Blossom Hill, and Blossom Hill Hotels & Resorts will become part of Huazhu's hotel network.
Mehood expects to add 300 hotels to its inventory and launch 150 hotels by the end of this year, and increase the number of its hotels to 1,500 and open 1,000 hotels by 2022.
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