China Lodging Group had 632 hotels in its pipeline as of March 31, 2016, it announced in its preliminary Q1 results. Total number of hotels in operation was 2,989.
Marriott International reaffirmed its commitment to acquire Starwood Hotels & Resorts Worldwide, saying it is confident that the previously announced amended merger agreement is the best course for both companies.
Marriott International has made a roaring comeback in its battle to build the world’s biggest hotel group, winning Starwood’s green light for an improved bid and pushing Chinese
Hong Kong and Shanghai Hotels, operator of the Peninsula Hotel chain, said its net profit declined by 12.7 percent amid the weak performance of its Hong Kong hotel and
Thailand’s Erawan Group aims for 15 percent revenue growth this year. It projects an average occupancy rate of 80 percent in 2016, up seven percent from a year earlier.
