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Blackstone's acquisition of UK hotel operator; Ministry of Culture and Tourism: 4 measures to cultivate new scenarios of cultural tourism and sports consumption

author:Milestones
Blackstone's acquisition of UK hotel operator; Ministry of Culture and Tourism: 4 measures to cultivate new scenarios of cultural tourism and sports consumption
Blackstone's acquisition of UK hotel operator; Ministry of Culture and Tourism: 4 measures to cultivate new scenarios of cultural tourism and sports consumption

01

黑石集团已收购英国酒店运营商Village Hotels

On June 27, Blackstone Real Estate Fund, a subsidiary of Blackstone Group, announced that it had completed the acquisition of Village Hotels, a British hotel operator and developer, in London, England on June 26. According to British media reports, the hotel chain brand is valued at about £850 million. Blackstone's acquisition of Village Hotels marks a further expansion in the hospitality industry. Learn more

02

Radisson Blu Hotel Jinjiang expands the domestic and overseas markets, signing contracts and intending to cooperate with 20 new projects

In the first half of 2024, Radisson Blu Hotel Jin Jiang has signed contracts and intended cooperation with 20 hotel and apartment projects at home and abroad, adding nearly 5,500 hotel rooms, covering urban business hotels, resort hotels, full-service hotels in industrial zones and serviced apartments. Demonstrate the profound heritage and strength of Radisson Blu Hotel Jin Jiang in the full-service hotel sector. Learn more

03

Homewood by Hilton has opened nearly 60 hotels in China on its fourth anniversary

As a mid-to-high-end hotel brand under the Hilton Group, Homewood by Hilton has officially celebrated its fourth anniversary in China. Since the entry of the Homewood by Hilton brand into the Chinese market in June 2020, Homewood by Hilton has made remarkable achievements in the Chinese market with its unique product design and the way of living and traveling for the contemporary traveler, making the brand promise of "Happy Living by You" a reality and continuing to lead the hotel track. After four years of rapid development, Homewood by Hilton has opened nearly 60 hotels in China, and has more than 200 projects in China that have been intended or contracted, covering major cities and popular tourist destinations, providing consumers with a "happy to live by you" travel experience. This year, we will make every effort to sprint to the goal of opening 100 hotels to further expand the scale and influence of the brand. Learn more

04

Four Points by Sheraton Hotel settled in Xianyang High-tech Zone, Miele Thailand's second NH hotel was signed, and Shunde Lingnan Garden Boutique Hotel opened

Recently, China Electronics West Zhigu officially signed a contract with Marriott International's hotel brand "Four Points by Sheraton", and the Four Points by Sheraton Xianyang CLP Hotel project settled in Xianyang High-tech Zone. It is understood that the hotel is located in the western wisdom valley of China Electronics in Xianyang High-tech Zone, with a total construction area of about 10,000 square meters, and is expected to have 130 rooms and suites. In addition, the new hotel will feature Four Points' new "one-stop-shop" dining concept, The Mesh, an all-day dining restaurant. The park is also equipped with large banquet halls, catering, underground parking lots and other supporting facilities, and the project is expected to open for operation in 2025. The signing of this contract has strongly promoted the industrial upgrading of the Zhigu region in the western part of China Electronics, and is a vivid practice of the development concept of "building a city, developing a business, and creating a better future". Learn more

Minor Hotel Group has announced the signing of a hotel management agreement with Boulevard Hotel Company Limited to locate a hotel in the heart of Bangkok, Thailand. The signing will introduce the NH Hotels & Resorts brand owned by Minor in the Thai capital, which will be NH's second hotel in Thailand after NH Boat Lagoon Phuket Resort. Located in the heart of Bangkok's bustling business and shopping district, the hotel's facilities include a variety of guest rooms, all-day dining restaurants, a lobby bar, conference facilities, a fitness center and a large outdoor swimming pool. Currently, the hotel has completed the renovation of its guest rooms, lobby, restaurant and swimming pool area. In the fourth quarter of this year, the hotel is expected to open under the new name NH Bangkok Sukhumvit Boulevard. Learn more

Recently, Shunde Lingnan Garden Boutique Hotel officially opened. Lingnan Garden Boutique Hotel Shunde is located in Shunde Happy Coast PLUS, Foshan, Guangdong. The hotel has a total of 108 guest rooms, catering, leisure and activity facilities, and the hotel is also equipped with two multi-functional high-altitude landscape conference halls in Desheng and Shunfeng to meet the meeting needs of guests. In addition, the podium of the hotel is also equipped with LIKE SPORT CITY. Lingnan Garden Boutique Hotel Shunde deeply integrates with local culture with perfect facilities and management services to create a new business card of Shunde quality hotel. Learn more

05

MGM China's US$500 million senior notes were listed on the Hong Kong Stock Exchange on June 27

On June 26, MGM China Holdings Limited announced the listing of US$500 million 7.125% senior notes due 2031.

Pursuant to the announcement, MGM China has filed an application with The Stock Exchange of Hong Kong Limited for the approval of the listing and trading of US$500 million 7.125% Senior Notes due 2031 pursuant to the Company's issuance of debt to professional investors (as defined in Chapter 37 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited) as set out in the relevant offering memorandum dated June 18, 2024, and the listing and trading of the Notes is expected to take effect on June 27, 2024. Learn more

06

Shunwang Technology: As of the end of 2023, the scale of the company's e-sports hotel scene terminals and the number of users have increased by more than 50% year-on-year

Recently, an investor asked Shunwang Technology, what is the occupancy rate of your e-sports hotel compared with the star-rated hotels in the country? Is the upcoming summer vacation a good way to boost the sales season of your esports hotel? Shunwang Technology said that as of the end of 2023, the scale of the company's e-sports hotel scene terminals increased by 59% year-on-year, and the number of users increased by 68% year-on-year. According to third-party research reports, the sales demand of esports hotels will also be affected by holiday consumption habits. Investors can pay attention to the company's official website, the company's official public account and the specific details of the Juchao Information Network. Learn more

07

The average occupancy rate of hotels in Macau rose to 83.6% in May this year

On June 27, it was reported that the average hotel occupancy rate in Macau rose to 83.6% in May, with more than 240,000 group visitors.

According to data from the Statistics and Census Service of Macao, a total of 143 hotel establishments providing accommodation services to the public increased by 13 year-on-year in May this year, and the number of available rooms increased by 9.3% to 47,000. The average occupancy rate of guest rooms increased by 4.9 percentage points year-on-year to 83.6%, of which the occupancy rates of five-star hotels (85.3%) and four-star hotels (79.7%) increased by 6.4 and 2.6 percentage points respectively year-on-year, while that of three-star hotels (80.8%) decreased by 0.2 percentage points. Visitor arrivals at hotel establishments rose by 8.4% year-on-year to 1.196 million in May this year, and also increased by 3.3% from the same period in 2019. Chinese mainland (870,000) and international guests (88,000) grew by 9.7% and 66.1% year-on-year respectively.

These data show that Macau's hotel industry is gradually recovering from the impact of the epidemic. In addition, the increase in the occupancy rate of five-star hotels also reflects the recovery of the high-end tourism market. Learn more

08

Ministry of Culture and Tourism: 4 measures to cultivate new scenarios of cultural tourism and sports consumption

The Ministry of Culture and Tourism, together with the National Development and Reform Commission and other departments, issued the "Measures on Creating New Consumption Scenarios and Cultivating New Growth Points for Consumption". At the press conference on June 27, the relevant person in charge introduced the relevant situation of summer tourism consumption and proposed a series of measures to cultivate new scenarios of cultural tourism and sports consumption.

Specific measures include deepening the integration and innovation of tourism formats, promoting the quality and efficiency of urban and rural cultural tourism, improving the convenience of inbound tourism, and expanding the space for cultural, entertainment and sports consumption. The implementation of these measures aims to optimize tourism services, enhance the tourist experience, and promote the development of related industries such as culture and sports.

09

Laos implements a visa-free policy for Chinese tourists from July 1

On June 27, it was reported that the Minister of Information, Culture and Tourism of Laos issued Document No. 29 of the "Implementation Rules for the Visa Policy for Specific Tourists in the 2024 Laos Tourism Year" on June 26, local time.

According to the content of the document, tourists from Chinese mainland, Hong Kong, Macao and Taiwan can obtain a 15-day visa-free policy for ordinary passports through tourism companies. The tour needs to be organized by the Lao Tourism Company and approved by the Ministry of Information, Culture and Tourism. The policy will be implemented from July 1, 2024 to December 31, 2024. Learn more

10

Little Pig B&B: As of June 26, the number of summer homestay bookings in popular cities has more than tripled year-on-year

On June 27, the summer travel market ushered in the peak booking period. According to data from the Little Pig B&B platform, as of June 26, the number of summer homestay bookings in popular cities has more than tripled year-on-year. Shanghai, Chengdu, Beijing, Qingdao, Guangzhou, Hangzhou, Chongqing, Weihai, Shenzhen, Xi'an and other cities have become the top 10 most popular destinations in the summer. In addition, national tide tours, research tours, and summer vacations have become popular keywords for this year's summer vacation. Learn more

11

The repayment of principal and interest of China Tourism Group Corporation's bonds is normal

According to financial sources, on June 26, China Tourism Group Co., Ltd. announced the 2023 annual fiduciary management affairs report of corporate bonds. During the reporting period, the repayment of principal and interest of the bonds of China Tourism Group Co., Ltd. was normal, and the company's debt repayment safeguard measures were implemented well, and there was no expected inability to repay debts.

12

lonely planet正式停止中国出版业务

On June 26, Lonely Planet officially announced that it had stopped publishing business in China due to the impact of the past epidemic and the company's strategic adjustment. , including WeChat public account, Sina Weibo, Xiaohongshu, Zhihu, etc., have stopped updating. In the farewell article, he said: "Lonely Planet has celebrated its 50th birthday, and the Lonely Planet China branch in Beijing's Dongcheng District has been with you for 10 years. In a world that is becoming more and more volatile and unpredictable, we have been fortunate to share this small piece of blue world, carrying the memories of youth, the camaraderie of companionship, and the undying desire for the next journey. Learn more

13

BTG announced the exercise of the redemption right of "22 BTG MTN003" bonds

On June 27, Beijing Capital Tourism Group Co., Ltd. announced that it would exercise the issuer's redemption option of the third tranche of medium-term notes in 2022. The bond is referred to as "22 BTG MTN003", the code is "102281702.IB", and the issuance amount reaches 1.5 billion yuan. The bond will commence interest on August 5, 2022, with a maturity of 2+N years, and the balance of the debt will remain at $1.5 billion. According to the latest rating, the bond is rated AAA with an interest rate of 3.04% for the current period. The lead underwriters of the bonds are China Merchants Bank Co., Ltd. and Bank of China Co., Ltd., and the duration management agency is China Merchants Bank Co., Ltd. It is understood that BTG clarified that the redemption face value is also 1.5 billion yuan, and the redemption price is set at 100 yuan/100 yuan face value. The exercise date is scheduled for August 5, 2024, and if it falls on a holiday, it will be postponed to the next business day. Learn more

Blackstone's acquisition of UK hotel operator; Ministry of Culture and Tourism: 4 measures to cultivate new scenarios of cultural tourism and sports consumption

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