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Search results for “upscale brand”
Huazhu to sustain expansion in upscale segment: CEO Jenny Zhang
08/28/2019
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5:47:56 PM
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The hotel group expects revenue generation from its mid-scale and upscale hotel segments to go up further with aggressive development.
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.
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.
The subscription model comes to luxury travel
08/12/2019
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6:16:20 PM
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The subscription economy works because they’re betting on people not using it that much. If the utilization is very high, that will affect their margins.
Why develop a franchised boutique hotel?
06/03/2019
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10:00:49 AM
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Lifestyle boutique and soft-branded hotels continue to exhibit strong performance, which piques the interest of brands, developers and consumers.
Why don’t luxury hotel brands truly differentiate?
06/18/2019
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6:29:45 PM
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Why not focusing on strengthening existing brands, or even lowering their number, and make them unequivocally distinguishable?
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.
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.
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