Consolidation is rampant in the hotel industry at the moment. IHG is buying Kimpton, Marriott is buying Starwood, and Accor is buying Fairmont, Raffles and Swissôtel. Now we have news of the next merger -- Carlson hotels are being taken over by HNA Tourism Group, a Chinese company, which also owns a big stake in…
Continue reading: Carlson Hotels Being Sold To Chinese Tourism Group
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HNA is the expended Hai Nan Airlines. I'm sure they will be deeply involved in the operations, as they themselves have hospitality brands and also runs an airline
This simply continues the recent trend called China's "Capital Flight", whereby Chinese companies began making large purchases or investments overseas as a way to safely and legally get sizable capital out of China, whose once red-hot economy was showing clear signs of trouble ahead...
China’s Capital Flight: Money is pouring out of China as rapidly as it once poured in-- Bloomberg, Jan 14, 2016
They should consider something like Hilton Double Dip for their Fortune Wings Club and Carlson goldpoints.
Also owners of Gategroup (world biggest caterer) since a couple of weeks and Swissport (as far as I know world's largest ground service provider)...
I really want to stay there with Chinese tour groups. The world is being sold off.
This may yet be the first direct points/miles shared currency between an airline n hotel grp.
(Spg is almost there)
I can see Hainan air vacations working like AA vacations, but feeding into Carlson hotels only.
Very interesting play ahead if they (HNA) work on synergies.
Who r Hainan Air partners again? I remember Air Berlin n of cos Alaska.
Ideal match for there sub par airline. Those that would fly that cheap airline would probably stay at that cheap hotel chain. Let them have it.
Adore all the "good match blah blah" comments posted thus far and the others that are sure to follow regarding this merger and every other remotely China related story which pops up on this blog. Your casual, knee jerk racism shows everyone just how cool you are at being so non-pc.
Apparently, the anti-China commenters have not read the good review of this Chinese carrier (which flies 787 to LAX, BTW) by none other than Ben himself:
https://onemileatatime.com/review-hainan-airlines-business-class-787/
https://onemileatatime.com/hainan-business-class/