Finance
U.S. Sees Sharp Decline in Investment from China
INTERNATIONAL REPORT—Chinese foreign direct investment in the United States declined significantly to $4.8 billion in 2018—an 84% decrease from the…
China
Brands
Wyndham Reacquires Days Inn Direct Franchising Rights in China
PARSIPPANY, NJ—Wyndham Hotels & Resorts has reacquired exclusive direct franchising rights for its Days Inn brand for the People’s Republic…
New-Builds
Report: China’s Hotel Construction Pipeline Remains Strong Despite Slowing Economy
INTERNATIONAL REPORT—In the third quarter of 2018, China’s total construction pipeline stands at 2,642 projects/569,690 rooms and is up 9%…
Brands
Wanda Hotels & Resorts Unveils New Brand
QINGDAO, CHINA—Wanda Hotels & Resorts recently unveiled Wanda Moments, a premium mid-scale hotel brand, and a newly upgraded guest loyalty…
Brands
Radisson Hotel Group Accelerates Expansion in China
SINGAPORE—Radisson Hotel Group is accelerating its expansion plans in China. Radisson Hotel Group’s growth strategy in China is a key…
Research
Study: More Chinese Travelers Stay Indie, Increase Spending on Accommodations
SEATTLE—Expedia Group and Ipsos released findings from the Hotels.com Chinese International Travel Monitor (CITM) survey. The survey reveals hotel booking…
Acquisitions
China’s HNA to Sell Stake in Radisson
HONG KONG—HNA Tourism is selling Radisson Hospitality AB to a consortium, led by Jin Jiang International Holdings Co. Ltd. In the…
Brands
IHG Grows in Western China
INTERNATIONAL REPORT—InterContinental Hotels Group (IHG) has signed 10 new deals under seven of its brands in Western China. The 10…
Brands
Hyatt Increases Activity in China
CHICAGO—Hyatt Hotels Corporation has made strides in the China market with the appointment of Stephen Ho as president, Greater China,…
Acquisitions
Park Hotels & Resorts Buys Back Some HNA Shares
BEIJING—It’s official. HNA Group Co. has put up its stake in Hilton spin-off Park Hotels & Resorts and, when all…