According to JLL, hotel owners and investors can improve rental yields by up to 12.1 per cent if they convert an existing property into a co-living scheme.
Accorhotels CEO Bazin thought that Airbnb had lost its soul and became volume driven rather than emotion driven.
In late 2016, HNA bought Minneapolis-based Carlson Hotels. Since then, HNA has restructured the chain hotels, including the change of legal name of Carlson Hotels into Radisson Hospitality last November.
Accorhotels CEO Bazin said 90% or maybe even 100% of transactions in China would be mobile payment driven in two years.
Debt-laden Chinese HNA Group may sell its 25% stake in Park Hotels & Resorts which was bought last year in its latest asset sale.
Minyoun Hospitality, a leading hotel group in Asia, is planning to develop hotels under the Hyatt brands in popular tourist destinations across China.
China is one of Muji’s biggest foreign market and the company aims to open another 360 locations in the country by 2021.
If guests have memorable experiences at hotels, the industry will continue to attract business, regardless of the rise of new competition.
ChinaTravelNews is a wholly owned subsidiary of
©2017 TravelDaily Inc.