Search results for “Huazhu”
Huazhu net revenue increases by 13.4% to US$417 million in Q2
08/22/2019|9:09:12 AM|
Hotel turnover increased by 18% to RMB8.8 billion. Net revenues from manachised and franchised hotels were RMB803 million (US$117 million), representing a 30.4% year-over-year increase.
Huazhu: occupancy rate at 86.9%, net revenue to rise 13%-15% in Q2
07/17/2019|11:41:28 AM|
Same-hotel operational data for midscale and upscale hotels dropped during the quarter.
OYO and H Hotel vie for franchisees in China
06/19/2019|4:58:26 PM|
OYO's strategy of quickly growing its chain contrasts with H Hotel's method of carefully selecting hotels, for example, by setting certain levels of sales as a condition for consideration as franchisee.
Chinese hotel mogul thinks now is the time to head abroad for deals
06/13/2019|5:38:06 PM|
Ji Qi says in each of the market Huazhu lands on, it aims to become a top five player eventually.
Huazhu Group closes 60 hotels in Q1
05/28/2019|9:22:59 AM|
Huazhu CEO Jenny Zhang said it had developed slightly different distribution approaches and fee structure to be more flexible in accommodating needs of independent hotels.
Huazhu net revenue rises 14.2% to $356 million in Q1
05/23/2019|7:31:53 AM|
Hotel turnover increased 17% to RMB7.2 billion. Net revenues from manachised and franchised hotel were RMB1.7 billion (US$257 million), representing a 15.2% year-over-year increase.
Huazhu launches shared booking platform Yisu for independent hotels
04/23/2019|4:59:28 PM|
In the first year of its operation in 2019, Yisu will provide direct sales channels to soft brand stores and it will charge no commissions as its goal is not to make a short-term profit.
Accor Hotels holds 10.2% and Ctrip holds 7.5% equity of Huazhu
04/22/2019|6:10:46 PM|
As of December 31, 2018, Huazhu operated 4,230 hotels in China with hotel network covered 403 cities in 32 provinces and municipalities across China.
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