User:Zazalong/Huazhu Hotels Group
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 Huazhu Hotels headquarters | |
| Company type | Public |
|---|---|
| Nasdaq: HTHT | |
| Industry | Hospitality Management |
| Founded | 2005 |
| Founder | Ji Qi |
| Headquarters | , |
Huazhu Hotels Group Ltd (NASDAQ: HTHT；01179.HK )(simplified Chinese: 华住酒店集团; traditional Chinese: 華住酒店集團; pinyin: Huázhù Jiǔdiàn Jítuán) is a hotel management company in China, ranked as No.7 Hotel Group around the world in 2021 by HOTELS.[1] Huazhu Hotels Group operated 6,187 properties in 16 countries around the world. It was previously known in English as China Lodging Group Limited. The company head office is in Changning District, Shanghai.[2][3] The first Hotel of Huazhu Hotels Group opened at Kunshan Railway Station store trial operation in August 2005.[4]
Founder[edit]
Qi Ji (simplified Chinese: 季琦; pinyin: Jì qí) is born in Nantong, Jiangsu Province, China at October 1966, and he graduate from Shanghai Jiao Tong University in 1992;[5]
QI Ji is ranked as #705 Billionaires 2021 and #178 China Rich List 2020 on FORBOS LISTS, who is the founder and CEO of Huazhu Hotels Group, One of the founders of Ctrip (NASDAQ:CTRP), and founder of Home INNS & HOTELS MANAGEMENT INC (NASDAQ:HMIN)[6]
What does Huazhu means[edit]
Huazhu means China Loading (simplified Chinese:中华住宿) in Chinese, which means the representation of the Hotel Industry in China.
History[edit]
The China Lodging/Hanting Inns business was established in 2005.[7] The original company, Powerhill, was established in 2005, and the current Huazhu company was established in 2007.[8] Ji Qi (Chinese: 季琦,; pinyin: Jì Qí),[9] the founder, stated that he got the idea to start the chain by reading a book discussing Accor Hotels. As of 2012, the company had four brands and about 1,000 properties in China.[10]
In August 2005, the first Hanting Hotel opened at Kunshan Railway Station.[11]
In April 2006, Hanting official website officially opened.
In September 2006, Hanting loyalty system -- Hanting Association (now HuaZhu Rewards) was established.[12]
In July 2007, Hanting completed the first round of financing of $85 million.
In July 2007, Hanting opened its online booking website.
In June 2008, the total number of stores opened reached 100.
In February 2010, Hanting Hotel officially changed its name to Ji Hotel.
In March 2010, Hanting was successfully listed on NASDAQ.[13]
In November 2012, "Hanting Hotel Group" officially changed its name to "Huazhu Hotels Group."[14]
In July 2013, Huazhu Hotels Group have operated hotels in more than 200 cities.[15]
In December 2014, Huazhu Hotels Group (NASDAQ:HTHT) signed a long-term strategic alliance agreement with Accor in France.[16]
In May 2015, the company announced that former President Jenny Zhang was to be appointed Chief Executive Officer.[17] In 2017, Huazhu Hotel Group acquired Crystal Orange Hotel Group for CNY3.65 billion.[18][19]
In January 2016, Huazhu and Accor Hotels finalize their strategic alliance.[20]
In 2018, Huazhu Announces Acquisition of Blossom Hill Hotels & Resorts.[21]
In August 2018, the company faced a major data breach, wherein millions of customer data was leaked and sold on the dark web.[22]
On November 4, 2019, it was announced that the company; through one of their subsidiaries has purchased Deutsche Hospitality for 700 million Euro.[23]
Loyalty program[edit]
HuaZhu Rewards is the Membership Loyalty Program of Huazhu Hotels Group.
HuaZhu Rewards' members will be able to earn points by spending money for staying or convert their Accor Hotels loyalty program's points into HuaZhu Rewards. Members can also redemption their points for free nights, breakfast, and gifts. There are more than 170 million members in HuaZhu Rewards. [24]
In 2020, there were more than 169 million loyal members, who accounted for 74 percent of overnight sales last year.[25]
Huazhu Brands[edit]
Huazhu Hotels Group operated more than 25 different Hotel Brands around 16 countries that cover from Luxury to Economy.[26]
| Segment | Name | Characteristic |
|---|---|---|
| Luxury | STEIGENBERGER ICONS | bought from Deutsche Hospitality, a luxury hotel brand |
| PORSCHE DESIGN HOTELS | hotel that designed by PORSCHE | |
| SONG HOTEL | hotel that represent the history of China | |
| Premium | JOYA HOTEL | a hotel with fashionable design concept, diversified service characteristics, to create a new way of hotel life |
| BLOSSOM HILL HOTELS & RESORTS | takes the flower aesthetics, the friendly service of "home" as the concept | |
| STEIGENBERGER | bought from Deutsche Hospitality | |
| MAXX | a modern lifestyle hotel | |
| LEBANSHAN HOTELS | a design lifestyle hotel | |
| GRAND MADISON | the huge version of MADISON hotel | |
| CJIA LUX | the luxury version of CJIA Hotel | |
| Upper Scale | Crystal ORANGE HOTEL | focuses on space and material itself, with bright colors, warmth, simplicity and strong sense of lines |
| MAN XIN HOTEL | a new mid-range hotel brand of Huazhu Hotels Group | |
| CITIGO | a light luxury and social brand of Huazhu Hotels Group | |
| MERCURE HOTEL | an Accor brand hotel with a long history | |
| INTERCITY HOTEL | a full-service hotel | |
| MADISON HOTEL | design based on the history of the city | |
| CITIGO HOUSE | the extended stays version of CITIGO | |
| CITADINES | upper scale full-service apartment | |
| Middle Scale | ORANGE HOTEL | modern style hotel for young people |
| JI HOTEL | the flagship hotel brand of Huazhu Hotels Group | |
| CJIA SELECT APARTMENT | middle scale full-service apartment | |
| STARWAY HOTEL | design by BETC | |
| Economy | Hi INN | an economical and affordable hotel brand for business trips |
| HANTING HOTEL | the first brand of Huazhu Hotels Group | |
| Ni Hao | provide a more economic way for business trip | |
| IBIS | French brand of economic hotel | |
| CJIA APARTMENT | an economy service apartment | |
| LIYEAH | an economy service apartment | |
| YUAN SU | an economy service apartment |
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Recognition[edit]
According to the data from Hospitality ON, Huazhu Hotels Group ranked as No.4 highest value Hotel Group around the world in 2021. [27]
Partnership with Accor[edit]
On December 15, 2014, Huazhu signed a long-term strategic alliance agreement with Accor to jointly expand its hotel business in China. According to the agreement, Mercure, Novotel, Mercure, Ibis Style and Ibis will be operated by Huazhu in China and Mongolia.
Accor and Huazhu will continue to develop the successful partnership that started in January 2016. Under franchise agreements, 300 economy and middle-scale hotels have opened in China, mainly under the Ibis, Novotel, and Mercure brands. Over the next three years, more than 200 properties are planned to open.[28]
Purchasing of Deutsche Hospitality[edit]
China Lodging Holding Singapore, A wholly owned subsidiary of Huazhu Hotels Group, has completed the acquisition of 100% equity interest in Deutsche Hospitality (" DH ").
Deutsche Hotels Group (DH) is a German hotel group with more than 10,500 employees. Its five major hotel brands include Steigenberger, MAXX by Steigenberger, IntercityHotel, Design hotel brands, Jaz in the City, and Zleep.
DH is distributed in 19 countries in Europe, Asia, and Africa, such as Germany, Denmark, the Netherlands, Switzerland, Austria, Spain, Egypt, united Arab Emirates, and Saudi Arabia. Steigenberger Hotel, located in Davos, Switzerland, is the main venue and reception hotel of the annual World Economic Forum (also known as "Davos Forum"). Its high-quality reception service enjoys a high reputation in the world. [29]
Incidents of Huazhu Hotels[edit]
On August 28, 2018, it was reported that user data of a hotel chain belonging to Huazhu Group was sold on the dark net. On the afternoon of August 28, an official of Huazhu Group responded to the incident, saying, "We have called the police. The authenticity can not be verified at present, our information security department is in urgent processing." On September 17, 2018, Huazhu Group made an official statement to the public and reported the case to the public security organ. According to the public security authorities, the case has been solved, the suspects took advantage of the public opinion, to carry out extortion, attempted. Whether the suspects' claims on the dark web are true or not will be officially released after the investigation is completed.[30]
Financial results[edit]
| Year | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue(RMB, in millions) | 2,249 | 3,224 | 4,168 | 4,965 | 5,775 | 6,573 | 8,229 | 10,063 | 11,212 | 10,196 |
| Net Income(RMB, in millions) | 114 | 175 | 280 | 307 | 437 | 774 | 1,228 | 716 | 1,769 | (2,192) |
| Founders/managers | 33.4% |
| Trip.com Group Limited | 6.9% |
| Invesco Ltd. | 11.5% |
| Accor | 3.3% |
| East Leader International Limited | 8.1% |
| Winner Crown Holdings Limited | 22.4% |
| Floating | 14.4% |
Notes[edit]
- ^ "2021 worldwide ranking of hotel groups: global leaders slow down but keep expanding their portfolios". Hospitality ON. Retrieved 2022-01-22.
- ^ "Contact Us" (). China Lodging. April 15, 2013. Retrieved on July 30, 2014. "Company address: 2266 Hongqiao Road, Changning District, Shanghai 200336 People's Republic of China"
- ^ "FORM 20-F (Annual and Transition Report (foreign private issuer) China Lodging Group Ltd" (). EDGAR. Retrieved on July 30, 2014. "No. 2266 Hongqiao Road Changning District Shanghai 200336 People’s Republic of China (86) 21 6195-2011 (Address of principal executive offices)"
- ^ "第一家汉庭". wappass.baidu.com. Retrieved 2022-02-09.
- ^ "Ji Qi". Forbes. Retrieved 2022-01-19.
- ^ "qi ji quick facts".
{{cite web}}: CS1 maint: url-status (link) - ^ Ruetz and Marvel, p. 119.
- ^ "Investor FAQs" (Archive).
- ^ "华住酒店集团公布2013年第二季度财报 净利润同比增长37%，单季门店开业数量创新高" (Archive). Huazhu Hotels Group. July 30, 2014. Retrieved on July 30, 2014. "执行董事长兼CEO季琦在财报中披露"
- ^ "A new hotel every two days -- Chinese chain bids to be world's biggest" (Archive). CNN. July 13, 2012. Retrieved on July 30, 2014.
- ^ "第一家汉庭". wappass.baidu.com. Retrieved 2022-02-09.
- ^ "酒店业太难了！人力成本6亿/月！季琦发话不裁员保员工_华住". www.sohu.com. Retrieved 2022-02-06.
- ^ "京华网-做有态度的京华新闻网". www.jinghva.com. Retrieved 2022-02-06.
- ^ "汉庭创始人回归掀变革风暴 集团更名"华住"_科技_腾讯网". tech.qq.com. Retrieved 2022-02-06.
- ^ "华住酒店集团公布2013年第二季度财报". finance.sina.com.cn. Retrieved 2022-02-09.
- ^ "Groundbreaking alliance between Accor and Huazhu (China Lodging) creates a hotel giant in China". Strategic Partnering. 2015-01-30. Retrieved 2022-02-09.
- ^ "China Lodging Group (HTHT) Names New CEO". Retrieved 13 July 2015.
- ^ "Huazhu To Acquire Crystal Orange Hotel For CNY3.65 Billion | ChinaRetailNews.com". ChinaRetailNews.com. Retrieved 2018-05-31.
- ^ "China Lodging Group To Acquire Carlyle-Backed Orange Crystal For $531M – China Money Network". www.chinamoneynetwork.com. Retrieved 2018-05-31.
- ^ "AccorHotels and Huazhu finalize their strategic alliance"
- ^ "Huazhu Group Limited Announces Acquisition of Blossom Hill Hotels & Resorts"
- ^ "Chinese hotel group investigates possible leak of millions of guests' data". BBC News. Retrieved 29 August 2018.
- ^ Nasdaq-listed Huazhu Group acquires Deutsche Hospitality
- ^ "HuaZhu". all.accor.com. Retrieved 2022-01-22.
- ^ "华住最新股权披露：携程持股6.9%_雅高". www.sohu.com. Retrieved 2022-02-11.
- ^ "盘点：华住酒店集团旗下品牌介绍_CitiGO". www.sohu.com. Retrieved 2022-01-24.
- ^ "Huazhu Hotel Group ranked World's 4th Highest Value Hotel Group". Hospitality ON. Retrieved 2022-02-05.
- ^ Net, Hospitality. "Accor to sell a 1.5% stake in Huazhu for €239m". Hospitality Net. Retrieved 2022-01-24.
- ^ Fox, Jena Tesse (2019-11-04). "China's Huazhu drops €700M for Germany's Deutsche Hospitality". Hotel Management. Retrieved 2022-01-24.
- ^ "华住酒店信息泄露事件背后，你所不知道的"暗网"与"黑产"_数据". www.sohu.com. Retrieved 2022-01-24.
- ^ "Annual Reports | Huazhu Group Limited". ir.huazhu.com. Retrieved 2022-02-11.
- ^ "华住最新股权披露：携程持股6.9%_雅高". www.sohu.com. Retrieved 2022-02-11.
External links[edit]
- Huazhu Hotels Group Ltd (in Chinese) - Site for all hotel brands
- China Lodging Group Limited (Investor site, in English)
- Hanting Inns (in Chinese)
- China Lodging Group, Ltd at Google Finance
Category:Companies based in Shanghai Category:Chinese companies established in 2005 Category:Hotels established in 2005 Category:Hospitality companies of China Category:Hotel chains in China Category:Companies listed on the Nasdaq Category:Chinese brands Category:Hospitality companies established in 2005