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Search results for “franchise”
OYO unlocks homes in Dubai, while facing hotel lobby rails
01/10/2019
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4:35:23 PM
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The Budget Hotel Association of Mumbai has reportedly said that it is planning a city-wide boycott of hospitality unicorn OYO, which has been facing severe criticism from hotel owner associations over its policies.
Huazhu launches shared booking platform Yisu for independent hotels
04/23/2019
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4:59:28 PM
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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.
Chinese hotel giant Huazhu Group reports 22.3% growth in 2018 revenue
03/15/2019
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9:04:59 AM
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For the full year of 2018, net revenues from leased and owned hotels were $1,087 million, representing a 17.9% year-over-year increase; net revenues from manachised and franchised hotels were $367.5 million, a 36.6% year-over-year increase.
GreenTree total revenues grow 21.4% to $137.4 million in 2018
03/14/2019
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7:56:10 PM
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In 2018, ADR was RMB164, an increase of 4.5% year-over-year; occupancy rate was 82.1%, a decrease of 0.5% year-over-year; RevPAR was RMB135, representing a 3.8% year-over-year increase.
OYO China fires 25 employees for unethical practices and misconduct
04/19/2019
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1:53:55 PM
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OYO had also formed an integrity committee to weed out instances of misconduct and unethical practices, while continuing to double down on corporate governance and ensuring compliance across levels.
Hotelbeds and OYO form strategic distribution partnership
04/15/2019
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7:01:33 PM
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It marks the Indian startup's first partnership with a bedbank company.
China's hotel group Huazhu CEO teases launch of new brand
03/20/2019
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9:49:21 AM
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Huazhu Group’s CEO discussed a new hotel turnover metric as well as plans to launch a new brand in the next few weeks.
Marriott’s new contract with Expedia signals a shift in the direct booking wars
04/12/2019
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5:55:33 PM
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The complete aggregation that Expedia and Booking have as OTAs is extremely tough to replicate.
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