Traded as NASDAQ: HMIN Area served China Headquarters Shanghai, China Founded 2002 Type of business Public | Industry Hotels Website homeinns.com/about/ Number of employees 25,176 Number of locations 2,609 | |
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Key people David Sun (CEO) Nanpeng Shen, Co-Chairman of the Board Revenue $1.0 billion USD (2014) | ||
Home inn huludao railway station
Homeinns Co.,Ltd, doing business as Home Inns Group or Home Inns & Hotels Management Inc. (S: 如家酒店集团, T: 如家酒店集團, P: Rújiā Jiǔdiàn Jítuán; Nasdaq: HMIN) is a hotel chain in China. Its headquarters are in the Xuhui District, Shanghai. Its English slogan is "your home away from home."
Contents
Home Inn is the largest budget hotel chain in China, and it was the first budget chain that was established in China.
History
Ji Qi founded the chain in 2001, and the chain began in 2002. Private equity funded the hotel chain. In October 2006 it was listed on Nasdaq in the United States. IDG Ventures invested in the company, causing it to raise $109 million U.S. dollars in its 2006 Nasdaq listing. In 2007 Home Inn considered building hotels in Taiwan. In October 2007 Home Inn purchased Top Star, a hotel company that had been established two years prior. The transaction netted Home Inn an additional 26 hotels. As of 2008 the company had around 250 hotels, and Home Inn, Motel 168 and Jinjiang Inn together controlled 44% of China's budget hotel market. At that time the company planned to increase the number to 1,000 and to open outlet in other Asian countries. The chain acquired Motel 168 in October 2011.
Operations
Brands include Home Inn (C: 如家酒店 Rújiā Jiǔdiàn), Motel 168, Yitel (C: 和颐酒店, P: Héyí Jiǔdiàn), and Fairyland Hotel (S: 云上四季连锁酒店, T: 雲上四季連鎖酒店, P: Yúnshàng Sìjì Liánsuǒ Jiǔdiàn).
Yitel is a business-oriented brand of Home Inn.
Related Issues
3 April 2016 Yitel Issue in Beijing Wangjing 798 area became a hot research in China's social media Weibo. A woman was violently assaulted by a strange man in the hotel elevator and during the violence, there were no security guard or hotel staff to help. This issue was suspected that the hotel was related to prostitution business and the young woman was mistaken for prostitute who had not paid protection money and hotel staff did not take action to rescue the young woman might because that they thought that the young woman had not paid protection money was being given ‘a lesson’by the man. The police department did not register for an investigation immediately after the young woman report the issue to the police. Not until the issue became a hot research in China’s social media Weibo, people in Home Inn did not give any response to the issue.