Latest news with #HWorld
Yahoo
5 days ago
- Business
- Yahoo
H World debuts in Laos with four hotel management deals
Global hospitality firm H World Group has made its debut in Laos, underscoring a step in its international expansion strategy. The entry is marked by the signing of four hotel management agreements, set to enhance its presence in Southeast Asia. These agreements were formalised in a signing ceremony in Vientiane, the capital city of Laos, aligning with H World Group's "asset-light and internationalisation" initiative. H World Asia Pacific president Zhu Xiaogang said: "This signing of four hotels in Laos is an important step for H World in promoting localised management and building a deeply rooted network across the region. "We are committed to strengthening our operational capabilities in Southeast Asia and delivering high-quality, full-lifecycle services to our partners. We are confident that these projects in Laos will become the highlights in H World's development in the region.' Under the company's upper-midscale and midscale brands, the new properties will be situated in Vientiane and the historic city of Luang Prabang. The first property, Intercity Hotel in Vientiane, is a collaboration with Lao Kunpeng Industrial and will be located near Wattay International Airport and the Sanjiang Area. Its doors are expected to open in early 2026, offering guests connectivity. Intercity Hotel in Luang Prabang, also developed with Lao Kunpeng Industrial, will be nestled in the centre of city and is slated to welcome guests in 2027. Yuting Hotel Investment Management will develop JI Hotel in Vientiane's Mekong Riverside, which will offer river views in downtown Vientiane. This establishment, set to open in early 2026, will be the first JI Hotel in Laos and the second in Southeast Asia, joining JI Hotel Orchard in Singapore. A project by KP Construction Sole, the Orange Hotel Vientiane International Airport will be situated near the airport and the Sanjiang Area, with an anticipated opening in the third quarter of 2026. This marks the first Orange Hotel outside China. The expansion comes at a time when Laos is experiencing a surge in international tourism, with more than 1.97 million international tourists arriving via the China-Laos Railway in 2024, a significant increase from the previous year, as per data from the Laos National Tourism Administration. Chinese tourists represent over 60% of these visitors, with China becoming a source of inbound tourism to Laos. In financial terms, H World Group reported a net income of 659m yuan ($91m) for the first quarter of 2024, which is a 33.4% decrease from 990m yuan in the same period last year. "H World debuts in Laos with four hotel management deals" was originally created and published by Hotel Management Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
5 days ago
- Business
- Business Insider
H World announces entry into Laos
H World (HTHT) Group announced its debut into the Laotian market with the signing of 4 hotel management agreements, further advancing its international growth strategy and expanding its footprint in Southeast Asia. The signing ceremony, held in Laotians Capital City Vientiane on May 29, marks H Group's first entry into the country, solidifying its 'asset-light and internationalization' strategy. The new properties, located in Vientiane and the historic city of Luang Prabang, will be developed in collaboration with three investment partners: Lao Kunpeng Industrial Co., Ltd., Yuting Hotel Investment Management Co., Ltd., and KP Construction Sole Co., Ltd. Confident Investing Starts Here:
Yahoo
5 days ago
- Business
- Yahoo
H World Group Signs Agreement to Debut Intercity Hotel, JI Hotel and Orange Hotel in Laos
SINGAPORE, June 6, 2025 /PRNewswire/ -- H World Group Limited (NASDAQ: HTHT) and (HK: 01179), a leading global hospitality group, announced its debut into the Laotian market with the signing of 4 hotel management agreements, further advancing its international growth strategy and expanding its footprint in Southeast Asia. The signing ceremony, held in Laotians Capital City Vientiane on May 29, marks H Group's first entry into the country, solidifying its "asset-light and internationalization" strategy. The new properties, located in Vientiane and the historic city of Luang Prabang, will be developed in collaboration with three investment partners: Lao Kunpeng Industrial Co., Ltd., Yuting Hotel Investment Management Co., Ltd., and KP Construction Sole Co., Ltd. "This signing of four hotels in Laos is an important step for H World in promoting localized management and building a deeply rooted network across the region," said Zhu Xiaogang, President of H World Asia Pacific. "We are committed to strengthening our operational capabilities in Southeast Asia and delivering high-quality, full-lifecycle services to our partners. We are confident that these projects in Laos will become the highlights in H World's development in the region", added Zhu. The four hotels signed this time cover H World's core upper-midscale and midscale brands, with projects located in Laos' capital and major tourist destinations: Intercity Hotel Vientiane: Developed in partnership with Lao Kunpeng Industrial Co., Ltd., the hotel will be situated near Wattay International Airport and the Sanjiang Area in Vientiane. Scheduled to open in early 2026, the hotel will offer modern amenities and seamless connectivity. Intercity Hotel Luang Prabang: Invested by Lao Kunpeng Industrial Co., Ltd., the hotel will be located in the historic city center of Luang Prabang. Expected to open in 2027, it will blend local cultural elements with the brand's signature design and functionality. JI Hotel Vientiane Mekong Riverside: Developed by Yuting Hotel Investment Management Co., Ltd., the hotel will be located along the Mekong River in downtown Vientiane. Offering scenic river views and strong accessibility, it is set to open in early 2026. This marks the first JI Hotel in Laos and the second in Southeast Asia, following the opening of JI Hotel Orchard in Singapore. Orange Hotel Vientiane International Airport: Developed by KP Construction Sole Co., Ltd., this project will be located near the airport and the Sanjiang Area. It is expected to open in Q3 2026. This project represents the global debut of the Orange Hotel brand outside China. All three investment partners expressed confidence in the collaboration, citing H World's operational excellence, brand reputation, and digital ecosystem as key drivers for the partnership. They noted that the cooperation is expected to elevate hospitality standards in Laos and deliver enhanced travel experiences for guests. According to the Laos National Tourism Administration, more than 1.97 million international tourists entered the country via the China-Laos Railway in 2024, a more than threefold increase year-on-year. Chinese tourists accounted for over 60%, making China the top source of inbound visitors to Laos. (END) About H World Group Limited Originated in China, H World Group Limited (NASDAQ:HTHT; HK:01179) is a key player in the global hotel industry. H World's brands include HanTing Hotel, JI Hotel, Crystal Orange Hotel, Steigenberger Hotels & Resorts, MAXX, Jaz in the City, IntercityHotel, Zleep Hotels and Steigenberger Icons. In addition, H World also has the rights as master franchisee for Mercure, Ibis and Ibis Styles, and co-development rights for Grand Mercure and Novotel, in the pan-China region. For more information, please visit H World's website: For media inquiry, please contact: Lihuan Wang media@ Xing zheming@ Lang View original content: SOURCE H World Group Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
H World Group Signs Agreement to Debut Intercity Hotel, JI Hotel and Orange Hotel in Laos
SINGAPORE, June 6, 2025 /PRNewswire/ -- H World Group Limited (NASDAQ: HTHT) and (HK: 01179), a leading global hospitality group, announced its debut into the Laotian market with the signing of 4 hotel management agreements, further advancing its international growth strategy and expanding its footprint in Southeast Asia. The signing ceremony, held in Laotians Capital City Vientiane on May 29, marks H Group's first entry into the country, solidifying its "asset-light and internationalization" strategy. The new properties, located in Vientiane and the historic city of Luang Prabang, will be developed in collaboration with three investment partners: Lao Kunpeng Industrial Co., Ltd., Yuting Hotel Investment Management Co., Ltd., and KP Construction Sole Co., Ltd. "This signing of four hotels in Laos is an important step for H World in promoting localized management and building a deeply rooted network across the region," said Zhu Xiaogang, President of H World Asia Pacific. "We are committed to strengthening our operational capabilities in Southeast Asia and delivering high-quality, full-lifecycle services to our partners. We are confident that these projects in Laos will become the highlights in H World's development in the region", added Zhu. The four hotels signed this time cover H World's core upper-midscale and midscale brands, with projects located in Laos' capital and major tourist destinations: Intercity Hotel Vientiane: Developed in partnership with Lao Kunpeng Industrial Co., Ltd., the hotel will be situated near Wattay International Airport and the Sanjiang Area in Vientiane. Scheduled to open in early 2026, the hotel will offer modern amenities and seamless connectivity. Intercity Hotel Luang Prabang: Invested by Lao Kunpeng Industrial Co., Ltd., the hotel will be located in the historic city center of Luang Prabang. Expected to open in 2027, it will blend local cultural elements with the brand's signature design and functionality. JI Hotel Vientiane Mekong Riverside: Developed by Yuting Hotel Investment Management Co., Ltd., the hotel will be located along the Mekong River in downtown Vientiane. Offering scenic river views and strong accessibility, it is set to open in early 2026. This marks the first JI Hotel in Laos and the second in Southeast Asia, following the opening of JI Hotel Orchard in Singapore. Orange Hotel Vientiane International Airport: Developed by KP Construction Sole Co., Ltd., this project will be located near the airport and the Sanjiang Area. It is expected to open in Q3 2026. This project represents the global debut of the Orange Hotel brand outside China. All three investment partners expressed confidence in the collaboration, citing H World's operational excellence, brand reputation, and digital ecosystem as key drivers for the partnership. They noted that the cooperation is expected to elevate hospitality standards in Laos and deliver enhanced travel experiences for guests. According to the Laos National Tourism Administration, more than 1.97 million international tourists entered the country via the China-Laos Railway in 2024, a more than threefold increase year-on-year. Chinese tourists accounted for over 60%, making China the top source of inbound visitors to Laos. (END) About H World Group Limited Originated in China, H World Group Limited (NASDAQ:HTHT; HK:01179) is a key player in the global hotel industry. H World's brands include HanTing Hotel, JI Hotel, Crystal Orange Hotel, Steigenberger Hotels & Resorts, MAXX, Jaz in the City, IntercityHotel, Zleep Hotels and Steigenberger Icons. In addition, H World also has the rights as master franchisee for Mercure, Ibis and Ibis Styles, and co-development rights for Grand Mercure and Novotel, in the pan-China region. For more information, please visit H World's website: For media inquiry, please contact: Lihuan Wang media@ Xing zheming@ Lang View original content: SOURCE H World Group Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
03-06-2025
- Business
- Yahoo
H World Group Releases 2024 Sustainability Report, Advancing Sustainable Development through Service Innovation and Green Operations
SHANGHAI, June 3, 2025 /PRNewswire/ -- H World Group Limited (NASDAQ:HTHT) (HK:01179), a leading hospitality group, has released its 2024 Sustainability Report, reaffirming its commitment to sustainable growth powered by innovation, inclusion, and bold environmental action. Recognized as the "Outstanding ESG Practice Cases of 2024" by the China Association for Public Companies, the company continued to enhance its ESG practices and drive sustainable development across the industry. The report outlines the Group's commitments, strategies, management efforts, and achievements across 6 key dimensions: corporate governance, service excellence, employee well-being, industry advancement, environmental responsibility, and social contribution. Advancing a Greener Future Through Low-Carbon Innovation H World advanced its green vision through 3 key pillars: green buildings, green operations, and green services, in partnership with its global ecosystem". Green Buildings: Flagship products such as Hanting 3.5, JI Hotel 5.0, and Hi Inn 2.0 have adopted modular construction techniques, enabling faster construction, superior quality, and significantly lower environmental footprints. Green Operations: Environmental criteria were integrated into supplier partnerships, advancing initiatives like eco-friendly materials, smart linen management, and sustainable laundry systems to reduce resource consumption. Green Services: The "Green Living" program in China encouraged 872,000 guest stays to opt out of towel replacement. The program has reduced over 7.88 million pieces of towel laundry, saving over 24,000 tons of water, 680 MWh of electricity, and preventing 676 tons of carbon emissions. The program was powered by a partnership with Alipay, combining hospitality and fintech innovation for measurable impact. Empowering Employees for Meaningful Careers H World is proud to champion female leadership across all levels of the organization. H World has 28,502 full-time employees by the end of 2024, 62.4% of whom are women. Within its China operations, 59.6% of all hotel general managers are female. On H World's Board of Directors, female directors accounted for 42.9%. H World partnered with over 130 universities in 100+ cities across 27 provinces have created over 2,600 annual internship positions. In 2024, H World was recognized by the Ministry of Education as an "Outstanding Industry-Academia Cooperation Case" and named one of the "Most Popular Employers Among Chinese University Students" by 51job, one of China's largest recruitment platforms. H World International received the "Best Trainer in Germany" award from Capital magazine. Giving Back to Society and Building Caring Communities H World actively fulfills its corporate social responsibility through long-standing public welfare initiatives: Following the severe floods in Guilin, Guangxi in June 2024, H World opened its hotel lobbies and restaurants to affected residents, offering shelter, hot water, charging stations, and internet access. In support of rural revitalization, H World promoted an integrated "Hotel + Rural Economy" model. Notably, JI Hotel has partnered with Zhenghe County in Fujian Province for 6 consecutive years to procure 30,000 kilograms of local tea annually and developed an eco-farm demonstration site in Wuchang County, Heilongjiang Province. Launched in 2016, the "Scholarly HanTing" online teaching initiative has expanded its reach to support more students in remote rural schools. The program provides high-quality educational resources for children and offers professional training for local teachers, helping to bridge the rural education gap. Effective Governance as the Cornerstone of Sustainability H World continued to elevate its service standards through strengthened safety measures, diversified offerings, and breakthroughs in digital innovation. The Group also established a Security Assurance Committee, led directly by the CEO, to oversee guest safety. It has enacted 16 internal policies, including the Information Security Management Framework, as well as data privacy statements for both individual and corporate members. To support suppliers in improving product and service quality, Legacy Huazhu partnered with external auditing agencies to establish a third-party supplier audit assessment system. In 2024, a total of 972 audits were conducted, covering 699 suppliers. The audit coverage rate for strategic and key suppliers reached 98%. You can download the H World Group Limited 2024 Sustainability Report at: *Unless otherwise noted, the data presented refers to the year 2024 or as of the end of the reporting period. About H World Group Limited Originated in China, H World Group Limited (NASDAQ:HTHT) (HK:01179) is a key player in the global hotel industry. H World's brands include HanTing Hotel, JI Hotel, Crystal Orange Hotel, Steigenberger Hotels & Resorts, MAXX, Jaz in the City, IntercityHotel, Zleep Hotels and Steigenberger Icons. In addition, H World also has the rights as master franchisee for Mercure, Ibis and Ibis Styles, and co-development rights for Grand Mercure and Novotel, in the pan-China region. For more information, please visit H World's website: For media inquiry, please contact: Lihuan Wang media@ Xing zheming@ Lang Photo - - View original content to download multimedia: SOURCE H World Group Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
