Internet Travel Loss Widens For China's eLong.com

Chinese Internet travel provider eLong.com has reported its unaudited financial results for the second quarter ended June 30, 2008 and says while total gross revenues slightly increased, its operating loss and net loss both expanded.

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.

Net Loss Widens For eLong.com's Chinese Internet Travel Business

Chinese Internet travel website eLong.com reported its unaudited financial results for the first quarter ended March 31, 2008 and says net loss from continuing operations worsened year-on-year by RMB31.7 million to RMB32.6 million, driven primarily by a RMB28.3 million increase in unrealized foreign exchange losses and a RMB4.1 million decrease in interest income compared to […]

Home Inns Reports Results For Chinese Budget Hotel Sector

China's budget hotel company Home Inns & Hotels announced its unaudited financial results for the quarter ended March 31st, 2008 and said total revenues for the quarter increased by 94.9% year-over-year to RMB357.0 million, including revenues of RMB28.2 million the recently acquired Top Star hotel chain.