Search results for “franchise model”
Huazhu's net revenue rises 8.5%, same-hotel RevPAR down by 5.4%
03/27/2020|8:19:48 AM|
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.
OYO’s Chinese rivals merge amid coronavirus outbreak
03/11/2020|10:09:44 AM|
The IDG Capital-invested H Hotel has signed up a total of 2,500 hotels as of 2019, while Huazhu’s Elan Hotel has contracted over 600 properties.
Accommodation operator ttg lands tens of millions of yuan in funding
12/24/2019|4:56:35 PM|
ttg has so far serviced over 100,000 travelers who spent an average price of 90 to 120 yuan per order.
Online travel firm Tongcheng-Elong launches OYU Hotel franchise network
07/22/2019|9:46:03 AM|
OYU hotels offer average rooms rates ranging from US$19 to $34 per night. The group aims to have a total of 2,500 hotels by the end of this year.
Huazhu to sustain expansion in upscale segment: CEO Jenny Zhang
08/28/2019|5:47:56 PM|
The hotel group expects revenue generation from its mid-scale and upscale hotel segments to go up further with aggressive development.
Franchise Hotel Qingzhu secures three financing rounds in H1 2019
07/30/2019|3:04:23 PM|
Qingzhu has signed a total of 2,000 hotels and aims to have 4,000 by the end of this year.
OYO China CFO: We’ll have clear models for hotel operation and profitability
03/04/2019|8:57:29 AM|
"We know that speed, manpower efficiency and scalability are equally important. What’s not going to happen this year is that we will only manage to keep 5,000 of the 10,000 hotels we signed in 2018."
IHG CEO: China is “second home market” and OTA is running hotels “to learn”
05/11/2019|10:52:22 PM|
Mr. Keith Barr is not that concerned on the Chinese hotel giants' international play.
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