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Search results for “Huazhu”
Huazhu net revenue up 25% to $381 million, occupancy rate at 89.6% in Q2
08/23/2018
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10:03:56 AM
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As of June 30, 2018, the number of hotel rooms in operation totaled 393,417, an increase of 9.4% from a year ago. Income from operations increased 53.2% year-over-year to $101.4 million for Q2.
OYO and H Hotel vie for franchisees in China
06/19/2019
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4:58:26 PM
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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.
OTA buys a stake in airport app; E-commerce site adds flight booking service | Daily Brief
06/02/2020
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11:30:38 PM
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EU chamber urged China to cut subsidies to inefficient airlines; Marriott hotels' occupancy rate in China rose to 40%.
Huazhu Group acquires 71.2% stake in boutique hotel brand Blossom Hill
08/15/2018
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4:14:59 PM
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Upon completion of the Acquisition, Huazhu will own an aggregate of 82.5% of the shares of Blossom Hill, and Blossom Hill Hotels & Resorts will become part of Huazhu's hotel network.
Investors offload stakes in Chinese OTA; Global hotel chains recover in China | Weekly Review
05/09/2020
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11:15:38 PM
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Booking loses $130 million in the sale of its Trip.com Group stake; Shanghai Disney theme park will reopen on May 11.
Disney's Shanghai park to reopen; WeChat takes museums to cloud | Daily Brief
05/07/2020
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12:12:57 AM
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Disney will begin a phased reopening of its Shanghai theme park next week; Australian travel tech firm Aeronology inked a global distribution deal with TravelSky.
Wyndham merges China unit into Asia; China's tourism revenue drops 60% | Daily Brief
05/07/2020
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11:52:27 PM
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China raked in tourism revenue of USD 6.79 billion in a holiday, 59.58% less than last year; China Eastern beat out Southwest as the biggest airline in the world in terms of seats available.
Huazhu CEO appointed as board member of AccorHotels
07/06/2018
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9:50:53 AM
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Jenny Zhang, Huazhu’s CEO, has been appointed as Advisory Board member (censeur) of AccorHotels’ Board of Directors, effective June 26, 2018.
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