Grand Metropark Settles In Anhui

CTS H.K. Metropark Hotels Management Company Limited has formally signed a management agreement for a new hotel under the brand of Grand Metropark in Jiuhuashan Scenic Area, Anhui.

Some Beijing Hotel Rates Increase

According to a survey issued by the Beijing Municipal Bureau of Statistics, as of August 12, star-grade hotels in Beijing hosted 78,000 domestic and overseas visitors, 4,000 more than the total number on August 8, 2008.

Home Inns Shows Chinese Budget Hotels Have Solid Growth

Chinese budget hotel chain Home Inns & Hotels announced its unaudited financial results for the quarter ended June 30th, 2008 and says total revenues for the quarter increased 93.0% year-over-year to CNY448.1 million, including revenues of CNY38.4 million from its Top Star hotel chain which they acquired last year.