| Travel and Hotels
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Update: 7 Days Inn IPO Raises $111m
Posted by: Kiki.yang on Nov 20 2009
Economy hotel chain 7 Days Group Holdings (NYSE:SVN) set its initial public offering (IPO) price per American depository share (ADS) at $11 to raise a total of $111 million, TechWeb reported November 20... |
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North China Snows Ground 500 Flights
Posted by: Sophia Fu on Nov 13 2009
As of November 11, more than 500 Chinese flights had been affected by heavy snowfall in northern China, with the majority of flights seeing delays, China Business News reported quoting information from Guangzhou-based online travel service provider Et-China (AIM:ETC)... |
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Update: Qunar Confirms $15m Financing
Posted by: Kiki.yang on Nov 12 2009
Beijing-based travel search engine Qunar.com confirmed it has received third-round financing of $15 million from GGV Capital as lead investor and co-investors Mayfield Fund, GSR Ventures, Tenaya Capital, donews.com reported November 12... |
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Ctrip Q3 Rev Smashes Through Guidance
Posted by: Tom Telford on Nov 12 2009
Online travel services provider Ctrip.com International (Nasdaq:CTRP) booked net revenue of RMB 545 million ($80 million) in the third quarter of 2009, up 47% year-on-year, beating its guidance last quarter of 25% year-on-year growth... |
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Huatian Hotel Q3, Budget Subsidiary Breaks Even
Posted by: Kiki.yang on Nov 10 2009
Huantian Hotel (000428.SZ) booked third quarter revenue of RMB 839 million, up 45.28% year-on-year, while net income rose 36.41% annually to RMB 65.23 million in the quarter, inn.net.com reported November 9 quoting a company announcement... |
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Home Inns Q3 Profits Almost Triple YoY
Posted by: Tom Telford on Nov 10 2009
Home Inns & Hotels Management (Nasdaq:HMIN) booked net income of RMB 86.7 million ($12.7 million) in the third quarter of 2009, up from the RMB 29.46 million in the same period last year, but down from RMB 100.43 million reported in the previous quarter... |
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Qunar.com Secures Series-C Financing
Posted by: Sijia Xie on Nov 09 2009
An unnamed employee of Beijing-based travel search engine Qunar.com revealed the website has received third round funding worth tens of millions of dollars, 163.com reported. According to the source, a detailed statement regarding the financing will be released November 12, the report said... |
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Shanghai Disneyland Spurs Economy Hotel Hopes
Posted by: Sijia Xie on Nov 06 2009
Home Inns & Hotels Management Inc. (Nasdaq:HMIN) CEO Sun Jian said the company plans to have at least 10 hotels near The Walt Disney Company's (NYSE:DIS) Shanghai Disneyland project, hc360.com reported citing National Business Daily... |
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Hanting, Jin Jiang Outline Shanghai Expo Room Pricing
Posted by: Sijia Xie on Nov 05 2009
Hanting Group and Jin Jiang International Hotels Development (600754.SH) subsidiary Jin Jiang Inns will both set room prices around an average of RMB 200 during next year's Shanghai Expo, Shanghai Morning Post reported November 3... |
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7 Days Inn Files for $100m NYSE Offering
Posted by: Sophia Fu on Nov 03 2009
Economy hotel chain 7 Days Group Holdings Limited submitted an application to the U.S. Securities and Exchange Commission on October 2 to raise up to $100 million in an initial public offering on the New York Stock Exchange under the symbol "SVN." The share price has not yet been disclosed.
7 Days Inn CEO Alex Zheng said in February 2008 said that the company had started making plans for its IPO and was considering a Nasdaq listing... |
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Rumor: Expedia Acquisition to Exceed $12m
Posted by: Sijia Xie on Oct 30 2009
Expedia (Nasdaq:EXPE) travel review site TripAdvisor Media Network (tripadvisor.com) is expected to pay "far more" than $12 million to acquire Chinese travel site Kuxun.com, a Kuxun.com public relations employee told Sina.com on October 30... |
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Ctrip Assembles Team to Test Out Luxury Life
Posted by: Danielle Liu on Oct 28 2009
Online travel service provider Ctrip.com International (Nasdaq:CTRP) intends to put up 200 volunteers in domestic high-end hotels in order to collect their personal assessments and ratings of the hotel's location, cleanliness, facilities and service, Shenzhen Special Zone Daily reported October 28... |
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7 Days Inn Nears 8m Members
Posted by: Danielle Liu on Oct 28 2009
Chinese economy hotel chain 7 Days Inn has nearly 8 million members registered for individual membership cards, hotel CEO Zhen Nanyan told qq.com in an interview. Reports October 13 claimed the chain had 5 million members... |
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Shanghai District Signs Six Cos for 5-Star Hotels
Posted by: Danielle Liu on Oct 27 2009
Six real estate companies -- including Poly Real Estate Group (600048.SH), Shimao Property Holdings (0813.HK), Shanghai Kingland Group and Longfor Group -- signed contracts with Shanghai's Jiading New Town government to build five star hotels, guandian.cn reported October 27... |
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Real Estate, Travel Co OCT Reports Q3
Posted by: Sijia Xie on Oct 27 2009
State-owned real estate and travel company Shenzhen Overseas Chinese Town (OCT) (000069.SZ) recorded revenue of RMB 1.17 billion and net profit of RMB 133 million in the third quarter, up 28.85% and 56.73% year on year, the company said October 24... |
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Ctrip (CTRP): October Update Oct 23 2009 |
 We combine our own proprietary data with national travel industry data to offer an analysis of Ctrip's (Nasdaq:CTRP) hotel and flight booking operations.
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Home Inns (HMIN) November Update Nov 18 2009 |
Pacific Epoch tracks the top public and private economy hotel chains in China. This report looks closely at recent growth and developments of Home Inns (Nasdaq: HMIN), the clear market leader. |
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