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Search results for “upscale hospitality”
Deutsche Hospitality accounts for 25% of Huazhu's total revenues in 2019
05/05/2020
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4:38:46 PM
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Huazhu Group scheduled to issue a shareholder loan of EUR 20 million to Deutsche Hospitality with a term of 12 months.
Huazhu's net revenue rises 8.5%, same-hotel RevPAR down by 5.4%
03/27/2020
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8:19:48 AM
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Huazhu is expected to close 350-450 hotels, including planned closure of 300-350 hotels and special closure of 50-100 hotels impacted by COVID-19.
China issues travel warning, Qunar eyes IPO and more this week
01/10/2020
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3:00:31 PM
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Major Chinese airlines canceled direct flights to Iran or re-route other flights to avoid the airspaces of Iran and Iraq; UnionPay has attracted 28.5 million merchants outside of mainland China.
Stay Alfred acquires short-term rental company Dormigo
11/29/2019
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6:04:48 PM
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Stay Alfred operates more than 2,500 upscale vacation units in 33 cities.
Huazhu net revenue increases by 10.4% to US$427 million in Q3
11/13/2019
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9:40:27 AM
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Hotel turnover increased by 19% to RMB10 billion. Net revenues from leased and owned hotels were RMB2.1 billion, representing a 1.8% year-over-year increase.
CEO Ji Qi foresees the future of Huazhu as a “world-class hotel company”
11/14/2019
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9:59:36 AM
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The team, led by Qi and Jenny Zhang, is ready for a major leap after being in the business for 14 years. Huazhu is eyeing 10,000 hotels in 3-5 years, and sufficient scale in geographic areas outside China, too.
Chinese hotel giant Huazhu to snap up Deutsche Hospitality for €700m
11/05/2019
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11:21:11 AM
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Jenny Zhang, CEO of Huazhu, thinks that the merger of Deutsche Hospitality and Huazhu will create the foundation of a global hotel group that combines "German quality and Asian speed”.
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.
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