Huazhu Group

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Huazhu Group Limited
legal form Limited
ISIN US44332N1063
founding 2005
Seat Shanghai , People's Republic of ChinaChina People's RepublicPeople's Republic of China 
management Ji Qi (Executive Chairman)
Number of employees 15,699
sales 10 billion RMB
(~ 1.5 billion US dollars )
Branch Hotel industry
Website en.huazhu.com
As of December 31, 2018

Huazhu Group headquarters in Shanghai

The Huazhu Group is a Chinese hotel group formerly known as the China Lodging Group .

According to his own statement, company founder Ji Qi came up with the idea of ​​starting the hotel business after reading a book about the success of the French hotel chain Accor with simply furnished hotels in the lower price segment. Since the end of 2014 there has been an alliance between Accor and Huazhu, under which Huazhu in China is able to operate hotels under the names Mercure , Novotel and Ibis . In 2018, Huazhu acquired 4.5% of Accors' shares. In 2017 and 2018, the Huazhu Group was the ninth largest hotel operator in the world based on the number of rooms, according to Hotels magazine . In November 2019, the Huazhu Group took over Deutsche Hospitality (formerly Steigenberger Hotel Group ) from the Egyptian Travco Group . During fiscal year 2018, 692 of the Huazhu Group's hotels were rented, while only 7 hotels were owned by the company itself.

Web links

Commons : Huazhu Hotels Group  - Collection of pictures, videos and audio files

Individual evidence

  1. ↑ Huazhu Group: Board of Directors , accessed November 9, 2019
  2. ↑ a b Huazhu Group: FORM 20-F , accessed November 9, 2019
  3. ↑ CNN: A new hotel every two days - Chinese chain bids to be world's biggest , accessed November 9, 2019
  4. ↑ Huazhu Group: Huazhu Group , accessed November 9, 2019
  5. ↑ Accor: HUAZHU Hotels Group Ltd. , accessed November 9, 2019
  6. ↑ Reuters: AccorHotels to decide on Huazhu board seat after Huazhu buys stake in company , accessed on November 9, 2019
  7. ↑ Huazhu Group: AboutHZ , accessed November 9, 2019
  8. ↑ Hotels magazine: hotelsmag , accessed on November 9, 2019
  9. ↑ tageskarte.io: Steigenberger goes Chinese: Huazhu Group buys Deutsche Hospitality , accessed on November 9, 2019