China: Home Inns Expands 34% 2010, Plans Same for 2011

January 10th, 2011
in News

Daily Markets:  Zacks Investment Research reports that Shanghai-based Home Inns & Hotels Management Inc (HMIN) is all set to capitalize on China’s secular growth story by further increasing its presence in that country. Home Inns is planning to expand its portfolio in China from 818 hotels in 2010 to 1,100 by the end of 2011.

Follow up:

The company is targeting to open 260 to 280 hotels in 2011, as compared to 208 hotels opened in 2010, thus expanding its portfolio by more than 30% in China. Home Inns will open 100 to 110 new hotels as leased-and-operated hotels and 160 to 170 as franchised-and-managed hotels.

The company slowed down its growth in 2009 as the hotel industry faced extremely tough challenges due to the economic turmoil that resulted in weak labor and tight credit markets, resulting in lower discretionary spending. However, with the gradual recovery of the global economy, Home Inns is all geared up to accelerate its growth momentum.

China is expected to be the world’s largest travel destination by 2020.  Read more at Daily Markets...... 

Make a Comment

Econintersect wants your comments, data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.

 navigate econintersect .com


Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2018 Econintersect LLC - all rights reserved