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Search results for “franchise”
What does OYO mean for the Chinese hotel industry?
09/04/2019
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6:39:38 PM
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The standalone hotels that are hidden below the iceberg present a trillion-RMB market experiencing consumption upgrade.
China’s hotel construction expands with all-time high despite economic slowdown
09/03/2019
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3:02:35 PM
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China's total hotel construction pipeline swelled to 2,991 projects/592,884 rooms in the first half of 2019, up 19% by projects and 7% by rooms year-over-year, both at all-time highs, amidst an economic slowdown.
Wyndham plans to open 500 hotels in China in the next three years
07/31/2019
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2:36:11 PM
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In Greater China, Wyndham Hotels is the largest international franchisor, with more than 1,500 properties and 149,000 rooms in its franchised system.
BTG Homeinns targets 4500 hotels by the end of 2019
08/29/2019
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4:46:16 PM
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The expansion plan is being led by mid-scale hotels. In addition to this, BTG Homeinns is working closely with Hyatt Hotels to open their first UrCove hotel in 2020.
OYO China CFO: We’ll have clear models for hotel operation and profitability
03/04/2019
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8:57:29 AM
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"We know that speed, manpower efficiency and scalability are equally important. What’s not going to happen this year is that we will only manage to keep 5,000 of the 10,000 hotels we signed in 2018."
New Century Hotel revenue rose 8.3% to RMB 905.2 million in H1 2019
08/21/2019
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1:41:13 PM
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Net profit increased 1.4% to RMB 80.9 million.
Private equity firm Accel-KKR’s latest fix: hotel enterprise software
09/03/2019
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6:38:01 PM
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Combining many services might lead to significant profits years from now when Accel-KKR cashes out. It may want to sell a rollup to a platform giant like Amadeus, Oracle, and Sabre.
HOTELS 325: Jin Jiang becomes global No. 2 hotel group, OYO ranks 8th
08/02/2019
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5:42:49 PM
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Marriott holds onto the top spot and Hilton dipped to No. 3 behind Jin Jiang, which leaped up the ranking after its acquisition of Radisson Hotel Group adding almost 200,000 rooms.
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