Search results for “franchise model”
Huazhu Group aims to be bigger, gears up for a brighter future
03/30/2021|10:44:56 AM|
The Chinese hotel company has carved out its strategic focus for 2021, built on property expansion, strengthening bonds with existing and new customers, both backed up astute data strategy and digitization project.
Hotel group Huazhu pares loss and expects revenues to rise 87%-89% in Q2
05/25/2021|11:34:28 PM|
Net revenues increased 15.6% year-over-year to USD 355 million for the first quarter.
Huazhu Group targets lifestyle market opportunities
05/27/2021|11:12:05 AM|
The Chinese hotel company believes its expansion in the lifestyle segment, both via organic and inorganic routes, plus excellent RevPAR growth in lower-tier cities is a positive sign for the group.
Elong Hotel debuts in Shanghai, forming a new OTA-hotel relationship
04/26/2021|11:34:59 AM|
Elong Hotel has signed up 62 properties for its four brands, most of them are franchised hotels in lower-tier cities in eastern, southern and central China.
Huazhu Group gears up for expansion in lower-tier cities
12/09/2020|11:31:23 AM|
The Chinese multi-brand hotel group mentioned that tier-3 and below cities accounted for 50% of the total pipeline at the end of October. The plan is to establish both middle-scale and economy brands in these places.
Club Med parent plans multi-brand offline expansion post-pandemic
03/24/2021|8:42:27 PM|
By 2023, Fosun Tourism plans to open 16 new Club Med resorts, half of which will be located in China.
Wyndham's Greater China RevPAR down by 29% in Q3
10/29/2020|6:40:17 PM|
Global comparable RevPAR declined 35% year-on-year while system-wide rooms declined 2%.
Wyndham Hotels reports a 50% drop in second-quarter revenue
07/29/2020|2:28:13 PM|
Global comparable RevPAR declined 54% year-over-year.
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