Some 10,065 star-rated hotels in China reported totaled operating incomes of 53.808 billion yuan in the third quarter of 2017, of which 26.242 billion yuan, or 48.77%, was room revenues.
Consumer technology is the bellwether for enterprise. Are those buzzwords such as AI, VR, 5G, robots, drones, biometrics what we truly want in the future?
MagicStay says it already provides 150,000 apartments in 90 countries since its inception four years ago.
This certainly won’t be the first or last acquisition we can expect to see in the hospitality industry.
Sharing Economy International, a Chinese textile machinery maker with blockchain ambitions, said it’s pursuing the acquisition of a boutique hotel from Hong Kong property billionaire.
Marriott International announced an "eight-point rectification plan" on Wednesday in an attempt to prevent such mistakes from happening again.
Muji describes its hotel concept as "anti-gorgeous, anti-cheap."
Disruption of rate parity with innovative technologies seems to be a new threat, but it can also bring hotel companies new mindset for revenue management.
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