Headquarters China Subsidiaries Elan Inn. | Founded 2005 | |
Stock price HTHT (NASDAQ) US$ 58.82 +2.62 (+4.66%)15 Mar, 4:00 PM GMT-4 - Disclaimer | ||
Huazhu Hotels Group Ltd (simplified Chinese: 华住酒店集团; traditional Chinese: 華住酒店集團; pinyin: Huázhù Jiǔdiàn Jítuán), is a hotel management company in China. It was previously known in English as China Lodging Group Limited (Nasdaq: HTHT). The company head office is in Changning District, Shanghai.
Contents
History
The China Lodging/Hanting Inns business was established in 2005. The original company, Powerhill, was established in 2005, and the current Huazhu company was established in 2007. Ji Qi (C: 季 琦, P: Jì Qí), the founder, stated that he got the idea to start the chain by reading a book discussing Accor Hotels. As of 2012 the company had four brands and about 1,000 properties in China.
In May 2015 the company announced that former President Jenny Zhang was to be appointed Chief Executive Officer.
Operations
The company brands include Hanting Inns and Hotels (S: 汉庭连锁酒店, T: 漢庭連鎖酒店, P: Hàntíng Liánsuǒ Jiǔdiàn) including Hanting Express (S: 汉庭快捷, T: 漢庭快捷, P: Hàntíng Kuàijié); Hi Inn (C: 海友酒店, P: Hǎiyǒu Jiǔdiàn); JI Hotel (C: 全季酒店, P: Quánjì Jiǔdiàn), Starway Hotel (C: 星程酒店, P: Xīngchéng Jiǔdiàn), Joya Hotel (C: 禧玥酒店, P: Xǐyuè Jiǔdiàn), and Manxin Hotels and Resorts (C: 漫心度假酒店, P: Mànxīn Dùjià Jiǔdiàn). The company classifies Joya and Manxin as upscale brands, JI and Starway as midscale, and Hanting and Hi Inn as economy brands. Previously the sub-brands of Hanting Inns and Hotels were Hanting Seasons Hotel and Hanting Express Hotel, and Hanting Hi Inn.
Jiazhen Huo and Zhisheng Hong, authors of Service Science in China, wrote that the Hanting brand is promoted to be "similar to youth' [sic] hostels so as to meet the customer demands lower than its former market positioning."