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In the recently released China Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts report that the country’s total hotel construction pipeline, at the close of the fourth quarter, stands at 3,581 projects/675,074 rooms.
On December 9, People's Liberation Army troops contacted the LAC in Tawang Sector, contested by Indian troops in a firm and resolute manner. This face-off led to minor injuries to a few personnel from both sides.
The hospitality industry is not just one of the largest industries in the world, it is also one of the most important in driving tourism which is crucial to the economy of many countries.
ERoad had raised over 200m yuan in an extended Series C financing over two years ago.
Here’s a taste of the hotel deal and development news that Daily Lodging Report summarized in the past week, as of November 17, 2022.