The legacy Deutsche Hospitality segment now has 37 properties under development, a 27% cut from Q1’s 45 hotels.
Happy employees will stay longer with the company.
In 2014, the brand made its market debut in Shenzhen, and to date has opened 38 hotels across Greater China.
Louvre Hotels Group is looking to invest in strategic locations to expand its presence, such as Chongqing, Chengdu and Guiyang.
Prepared meals are regarded as an alternative solution for hotels to reduce costs and drive revenue.
Looking ahead, Doronin has spoken about creating “an ultra-luxury ecosystem” around the Aman brands, going beyond hotels and branded residences.
US hotel bookings in August are matching performance for the same time in 2019.
The mixed performance came in considering that the company’s European operations recovered to attain 2019 levels, whereas H World continued to focus on maintaining a healthy cash position for its operations in China.
