Ningbo Marriott Hotel Celebrates Grand Opening

Ningbo Marriott Hotel, owned by Ningbo Hai Cheng Investment & Development Company and managed by Marriott International, has now officially opened.

Inno-Tech Holdings Invests RMB10.2 Million For Budget Hotels JV

Inno-Tech Holdings Limited has announced that it has invested RMB10.2 million to form a new joint venture with Zhejiang Hexiang Group to develop a business in the Chinese budget hotel sector.

Guangdong CTS Plans To Finance US$50 Million To Develop Hotel Business

Wang Jian, spokesperson of Guangdong China Travel Service Group, says that the group has launched a plan to finance US$50 million for the development of its hotel sector and the improvement of its capital structure.