Save in Germany, expand globally
H World Int. (Steigenberger) confirms the reduction of 160 jobs
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Moving from 10,000 to 20,000 hotels
H World Group Q2 and Interim 2024 Unaudited Financial Results: The Group and Legacy-Huazhu has achieved a remarkable 10,000-hotel milestone during the second quarter of 2024 and is ready to scale new heights, moving from 10,000+ hotels in over 1,000 cities to 20,000+ hotels in over 2,000 cities. In the second quarter of 2024, the Group was opening 567 new hotels in China.
With strict scalability
Deutsche Hospitality finally checks in with H World. This is not only a digital blend, but also the final adaptation of the strategy to the wishes of its Chinese parent company (formerly Huazhu) and its shareholder Qi Ji. CEO Oliver Bonke is now looking for suitable locations in Asia and in Arab countries for selected brands from both the parent and the subsidiary.
Only healthy growth
Frankfurt. Oliver Bonke has seen around 40 of 132 hotels in his first six months as CEO of Deutsche Hospitality, analysing costs as well as P&L. His spontaneous strategy was: How do we get through 2022 in profitable shape? Plans now go beyond that. After all, 2023 is just around the corner and the next decisions will also follow the motto: Costs down, efficiency up, profitable growth. Completely in the Chinese tradition.
Deutsche Hospitality becomes H World International
Deutsche Hospitality, based in Frankfurt, is changing its name to H World International to promote the expansion of its Chinese owner group H World outside China. Europe is to remain a strong market.