[photopress:Home_Hotel_interior_Shanghai.jpg,full,alignright]Home Inns & Hotels Management, a leading economy hotel chain in China, has announced that as of December 31st, 2006, Home Inns had a total of 134 hotels in operation in 39 cities, including 94 leased-and-operated hotels and 40 franchised-and-managed hotels. Home Inns had an additional 48 hotels under contract, of which 28 are leased-and-operated hotels and 20 are franchised-and-managed hotels. 27 of those hotels were added in the fourth quarter of last year.
David Sun, Home Inn’s Chief Executive Officer, said, ‘We believe that the fragmentation in China’s hotel market today presents many opportunities for us to expand our network going forward.’
Home Inns started operations in 2002 and it has become one of the best- known economy hotel brands in China.
Source: Press release