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Search results for “franchise model”
Huazhu president: new signings hit a record high in H1
09/08/2021
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11:46:40 AM
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This is despite the fact travel restrictions in the latter part of Q2 had negatively impacted new signings and construction progress.
Wyndham’s net income increases by 139% in Q2 2021
07/29/2021
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6:14:21 PM
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During the first half of 2021, the Company's global system grew 30 basis points primarily reflecting continued growth in the Company's direct-franchising business in China.
Hotel group Huazhu pares loss and expects revenues to rise 87%-89% in Q2
05/25/2021
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11:34:28 PM
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Net revenues increased 15.6% year-over-year to USD 355 million for the first quarter.
Huazhu Group aims to be bigger, gears up for a brighter future
03/30/2021
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10:44:56 AM
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The Chinese hotel company has carved out its strategic focus for 2021, built on property expansion, strengthening bonds with existing and new customers, both backed up astute data strategy and digitization project.
Accor may use SPAC to own real estate while still trumpeting asset-light strategy
05/21/2021
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2:24:15 PM
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Accor’s potential SPAC listing would target companies in the lifestyle and leisure sector. The company wants to raise as much as $366 million under such a deal.
Huazhu Group targets lifestyle market opportunities
05/27/2021
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11:12:05 AM
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The Chinese hotel company believes its expansion in the lifestyle segment, both via organic and inorganic routes, plus excellent RevPAR growth in lower-tier cities is a positive sign for the group.
Elong Hotel debuts in Shanghai, forming a new OTA-hotel relationship
04/26/2021
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11:34:59 AM
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Elong Hotel has signed up 62 properties for its four brands, most of them are franchised hotels in lower-tier cities in eastern, southern and central China.
Huazhu Group gears up for expansion in lower-tier cities
12/09/2020
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11:31:23 AM
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The Chinese multi-brand hotel group mentioned that tier-3 and below cities accounted for 50% of the total pipeline at the end of October. The plan is to establish both middle-scale and economy brands in these places.
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