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Search results for “midscale hotel”
Huazhu net revenue increases by 13.4% to US$417 million in Q2
08/22/2019
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9:09:12 AM
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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.
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.
Hyatt, BTG Homeinns unveil China-centric UrCove brand
06/20/2019
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2:28:36 PM
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The first two hotels are expected to open in Shanghai and Beijing by late 2020.
China hotel market & forecast to 2023 by hotel type
07/01/2019
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1:39:53 PM
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The China hotel market is expected to be USD 136 billion (yuan 938 billion) by the end of the year 2023.
What If Accor acquires Oyo?
06/12/2019
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3:21:32 PM
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It takes three to four years for Accor to build a hotel in India thus investing in an existing successful chain is far and away the best way to quickly gain a strong foothold.
IHG CEO: China is “second home market” and OTA is running hotels “to learn”
05/11/2019
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10:52:22 PM
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Mr. Keith Barr is not that concerned on the Chinese hotel giants' international play.
Huazhu Group closes 60 hotels in Q1
05/28/2019
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9:22:59 AM
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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
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7:31:53 AM
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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.
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