One of China’s biggest hotel groups has increased its portfolio by 730 properties in the last 12 months, at an average rate of two new openings per day.
Shanghai-based China Lodging Group, which is also known as Huazhu Hotels, increased its Chinese portfolio from 2,384 hotels to 3,114 hotels in the 12 months to 30 June 2016. Its total inventory increased by more than 68,000 rooms during this period, to a total of 314,811.
The company now has a presence in 357 Chinese towns and cities and achieves an average occupancy rate of approximately 87%.
Huazhu is the Chinese franchise partner for AccorHotels’ budget and midscale hotel brands, including ibis, Novotel and Mercure. But the vast majority of its properties operate under its own HanTing Hotel brand, which now features 2,726 budget properties across China.