6 days ago
China's H World to add 9,000 hotels by 2030 in budget travel push
SHANGHAI -- Chinese major hotelier H World Group aims to add about 9,000 hotels by 2030, mostly on its home turf, betting that demand for affordable stays will continue to grow as the domestic economy faces headwinds.
Headquartered in Shanghai, the group has over 20 hotel brands -- in China and overseas -- with 11,685 properties as of the end of March, up 538 locations from the previous quarter. In 2025 alone, it plans to add 2,300 hotels, while also shutting down between 500 to 600 underperforming properties, according Jihong He, the company's chief strategy officer.
