Hyatt plans to double presence in China over the next four years, with a pipeline of 27,000 rooms, which represents nearly a third of our global development pipeline.
The two platforms are complementary and if unified can offer a P&L for hosts to track key business metrics and optimize profitability.
The key is “providing choice broad enough to keep them (guests) with us,” he said, “as opposed to going to an (online travel agency), Google and being an intermediary customer.”
The adventures, numbering more than 200 at the outset, are available either exclusively to Airbnb or provided by small local operators.
As lines blur between platform and provider, there are some real questions around rate parity and price competitiveness in this brave new world.
Ji Qi says in each of the market Huazhu lands on, it aims to become a top five player eventually.
Both projects and rooms in the pipeline are at new all-time highs.
If the deal goes through, it will make Oyo the most valued startup along with Paytm.
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