{"id":13521,"date":"2009-09-24T05:32:10","date_gmt":"2009-09-23T21:32:10","guid":{"rendered":"http:\/\/www.chinahospitalitynews.com\/en\/?p=13521"},"modified":"2009-09-24T05:32:10","modified_gmt":"2009-09-23T21:32:10","slug":"home-inns-plans-200-hotels-for-2010","status":"publish","type":"post","link":"https:\/\/www.chinahospitalitynews.com\/cn\/2009\/09\/24\/13521\/","title":{"rendered":"Home Inns Plans 200 Hotels For 2010"},"content":{"rendered":"<p>Sun Jian, the CEO of Home Inns &#038; Hotels Management, has told local media that the company is expecting to open 200 hotels in 2010, especially in second-tier Chinese cities.<!--more--><\/p>\n<p>Sun made this statement at the Shanghai International Franchise Exhibition 2009. He said that Home Inns hoped that the total number of hotels could reach 10,000 in three years.<\/p>\n<p>According to its financial report for the second quarter of 2009, Home Inns' operating revenue reached CNY642 million, a year-on-year increase of 43.3%; its net profit has reached CNY100 million, 12 times of that of 2008. The average occupancy rate for the second quarter was 92.4%, a year-on-year increase of 4.2%.<\/p>\n<p>Sun is of the opinion that economy hotels still have a large potential for development in China. Home Inns expects its operating revenue for the third quarter would reach between CNY685 million and CNY705 million; and its whole year operating revenue would increase by 33% to 35% compared to 2008.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sun Jian, the CEO of Home Inns &#038; Hotels Management, has told local media that the company is expecting to open 200 hotels in 2010, especially in second-tier Chinese cities.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12723],"tags":[12870,12872,13324,12873,12874,12764],"class_list":["post-13521","post","type-post","status-publish","format-standard","hentry","category-english","tag-budget-hotel","tag-expansion","tag-financial-report","tag-franchise","tag-home-inns","tag-shanghai"],"_links":{"self":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/posts\/13521","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/comments?post=13521"}],"version-history":[{"count":0,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/posts\/13521\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/media?parent=13521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/categories?post=13521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/tags?post=13521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}