Huazhu Group Ltd
HKEX:1179

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Huazhu Group Ltd
HKEX:1179
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Price: 26.1 HKD 1.56% Market Closed
Market Cap: 85.2B HKD
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Huazhu Group Ltd
Investor Relations

Huazhu Group Ltd., founded in 2005 by visionary entrepreneur Qi Ji, has blossomed into a formidable force within the hospitality industry, standing as one of China’s largest hotel operators. Initially inspired by the rising demand for budget-friendly accommodations among China's middle class, Huazhu carved its niche by offering a wide array of hotel brands, each tailored to distinct customer segments. From the economic Hanting Hotel to the more upscale Joya Hotel brand, the company effectively taps into a range of consumer preferences, ensuring that travelers from all walks of life find fitting comfort under its umbrella. By 2023, Huazhu had not only cemented its dominance in China with thousands of properties under its management but expanded its footprint internationally through strategic acquisitions and partnerships, notably with its acquisition of Deutsche Hospitality, a move that opened doors to the European market.

In terms of operations, Huazhu employs an asset-light model that focuses on franchise and lease-and-operate arrangements, allowing it to accelerate growth without heavy capital outlays typical of hotel ownership. This efficiency is reflected in its revenue streams that primarily flow from room bookings, complemented by membership programs that bolster customer loyalty and frequent engagement. The group's model is further supported by digital innovations, leveraging robust IT infrastructure to streamline operations, enhance customer experience, and collect data insights. By continuously refining its offerings and tapping into technological advancements, Huazhu not only secures its income through high occupancy rates and consistent pricing strategies but also positions itself as a dynamic leader ready to capitalize on shifting travel trends in the post-pandemic landscape.

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Management

Mr. Qi Ji
Founder & Executive Chairman
No Bio Available
Mr. Hui Jin
Chief Executive Officer
No Bio Available
Ms. Xinxin Liu
President
No Bio Available
Ms. Tong Tong Zhao
Co-Founder & Independent Director
No Bio Available
Ms. Hui Chen
CFO & Chief Compliance Officer
No Bio Available
Mr. Dong Li
Chief Accounting Officer & Deputy CFO
No Bio Available
Mr. Jason Chen
Investor Relations Director
No Bio Available
Mr. Yao Chen
Company Secretary & Director of Legal Affairs
No Bio Available
Ms. Fei Ye
Deputy CFO & VP of Strategic Investment and Capital Market
No Bio Available

Contacts

Address
SHANGHAI
Shanghai
No.699 Wuzhong Road, Minhang District
Contacts