Tag: Home Inns

Home Inns To Open Over 260 New Hotels In 2011

Home Inns & Hotels Management Inc, one of the largest budget hotel brands in China, has announced plans to open a total of 260 to 280 new hotels in 2011, as part of its efforts to expand its presence in the country.

Home Inns Announces Plans To Enter Mid-scale Hotel Market

Home Inns and Hotels Management Incorporated, one of the largest budget hotel brands in China, has announced that it plans to enter into the mid-scale hotel segment in China with three to four new hotels in 2011 under a second brand, Yitel, or Heyi in Chinese.

China Boosts The Accommodation Industry

The Chinese Ministry of Commerce has recently published a document titled Guidance on Accelerating the Development of Accommodation Industry, which states that the government will issue policies to support the development of economy and budget hotels.

Home Inns Plans 200 Hotels For 2010

Sun Jian, the CEO of Home Inns & Hotels Management, has told local media that the company is expecting to open 200 hotels in 2010, especially in second-tier Chinese cities.

Home Inns And Ctrip Agree USD50 Million Funding

Home Inns & Hotels Management Inc. has entered into a definitive purchase agreement to issue USD50 million in equity, or 7,514,503 ordinary shares, to Ctrip.com International Ltd. through a private placement.

Home Inns Expands In Northwest China

The chief operating officer of Home Inns, Jason Zong, has announced the group's strategy of expanding in Northwest China, and has also revealed its new franchise system.

Home Inns Plans To Open 1,000 Hotels By 2011

Sun Jian, chief executive officer of Home Inns, one of the largest budget hotel groups in China, said on recently that because of the global financial crisis, Home Inns will slow down its expansion in 2009, but it will still retain its goal of opening 1,000 hotels in China by the end of 2011.

Home Inns Lowers Expectation For Fourth Quarter

According to foreign media, Home Inn has published an updated report on its results for the fourth quarter of 2008 and as a result of global financial crisis, it has lowered its expectations for both total revenue and RevPAR in that period.