Hong Kong led Asia Pacific by volume of hotel investment transactions, with 11 deals worth a total of nearly $1.5 billion in the year to September.
Taiwanese technology firm OwlTing launched the world's first blockchain hotel management service "OwlNest" to help hotels worldwide improve brand awareness and customer satisfaction.
IHG says it will also open its Holiday Inn and Holiday Inn Resort brands to franchise contracts after a successful trial.
Chinese hotel giant China Lodging Group recorded a 60% rise in net profit to USD 70.7 million, as 19.8% of net revenues. The firm has completed integration of Crystal Orange into Huazhu's platform.
The hospitality industry is increasingly looking for innovative technology to adapt its inventory and distribution systems and – in colloquial terms – sweat its assets.
Products on display have been recently launched or are under testing, and many were developed through partnerships between Hilton and technology companies like IBM, LG, Amazon and Tesla.
MGM China said its second casino-resort in Macau will open for business early next year, the latest sign that the island’s gambling and tourism industries are recovering.
Recently Airbnb's head of public policy wrote to Marriott CEO, claiming hospitality's habit of taking money from taxpayers to subsidize the construction and operation of hotels.
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