Bottom line: A new push into mid-range hotels could provide a boost for Homeinns and other operators, but the relief is likely to be short lived as that part of the market also quickly becomes saturated.
Home Inns goes upscale with new brands
Hotel operators are rushing to fill a relative void in the middle of China’s market, with word that leading budget chain Homeinns (Nasdaq: HMIN) has launched new brands aimed at consumers willing to spend a bit more during their travels. The move looks relatively smart, as growth slows at the top and bottom ends of the market due to overbuilding and a slowing economy that is putting a damper on domestic travel. But Homeinns isn’t the only one to notice this void, and recent similar moves by others could see this middle part of the market also quickly become saturated and oversupplied. Read Full Post…
The following press releases and media reports about Chinese companies were carried on April 10. To view a full article or story, click on the link next to the headline.
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The following press releases and media reports about Chinese companies were carried on March 13. To view a full article or story, click on the link next to the headline.
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Online Ratings and Group Buy Site Dianping Wins $850 Mln Series E – Sources (English article)
Tencent (HKEx: 700) Opens TMall Digital Store, Still Inaccessible On WeChat (Chinese article)
ReneSola (NYSE: SOL) Looks To Exit EU Solar Settlement Agreement (Chinese article)
Smartisan Enters Low-End Smartphones With 1,000 Yuan Model – Source (Chinese article)
Homeinns (Nasdaq: HMIN) Reports Q4 And Full Year 2014 Financial Results (PRNewswire)
