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At the opening ceremony of the 2020 China Nantong Jianghai Talent Entrepreneurship Week and Park Talent Development Conference,A famous entrepreneur from Rudong, Nantong,"The Godfather of Entrepreneurship",Chinese hotel king 188bet gives a lecture。188bet shared his views on China’s economic future,The outlook for his hometown of Nantong aroused strong resonance among the participants。
188bet thinks,China’s urbanization has just begun,The process of urbanization will drive many investments and industries,With greatly improved traffic,Hometown Rudong,Nantong and the whole of China will get bigger、Grow faster。188bet strongly agrees with a point of view,China’s market is so big,Do it as if it were the whole world;And Nantong’s prospects are so good,Should be done as the whole of China,Even do it as the world。
188bet is the founder of Huazhu Group、Chairman and CEO。Last month,The 53-year-old has just completed his fourth ring in his life on the Hong Kong Stock Exchange,Huazhu Group is officially listed on the Hong Kong Stock Exchange。188bet is a legend in the hotel industry,Founded four listed companies。He was born in an ordinary peasant family in Rudong,Planting rice when I was young、There is a lot of farm work like killing pigs,However, I often don’t have enough food。When I was in junior high school,188bet walked 8 miles home for lunch,After arriving home, my mother said: "There is nothing to eat at home,You can figure it out yourself。”188bet at that time,Always thinking about being “developed”,And all his imagination of the developed world,It’s just “going to a distant place to eat a bowl of noodles,Take a taxi back”。Suffering is the catalyst for growth,188bet was later admitted to the Department of Engineering Mechanics of Shanghai Jiao Tong University,Study hard,Laid the foundation for entrepreneurship。The Huazhu Group he founded was established 15 years ago,Data display,Huazhu’s subsidiaries include Huazhu、Accor、19 brands in Crystal Orange’s three major hotel series,Covering from high-end to affordable、Various types from business trips to leisure vacations。As of March 31, 2020,5953 hotels worldwide,575488 rooms。December 2019,188bet said at the Huazhu World Conference that Huazhu is already the largest hotel management company in the world。
188bet’s entrepreneurial history
The day after the Spring Festival in 1999,At the Shanghai Jiao Tong University alumni gathering,188bet and Liang Jianzhang、Chat with Shen Nanpeng and others。A few young people had a heated discussion about the Internet all night,Finally came to the conclusion: let’s build an e-commerce website that provides travel services to the public。Ctrip was born,This is also the starting point of China’s online tourism industry。
Three years later,Ctrip’s crazy money burning made 188bet feel huge pressure,So I started looking for new profit points。A chance,He found that budget hotel chains with cheaper prices were selling particularly well,So he founded "Home Inn"。Backed by Ctrip’s huge reservation network,Plus own rich industry experience,Homeinn’s development is going smoothly,Maintaining a high profit margin of 15%-20%。
Unfortunately, the good times did not last long。End of 2004,A director believes that 188bet is from a grassroots background,Badly managed company,To introduce professional managers。In the end he was kicked out by the board of directors,And signed a non-competition agreement,Not allowed to engage in the economic chain hotel industry within two years。That period can be said to be the darkest moment in 188bet’s life,Many close partners in the past、All his friends left him。
But he was not discouraged,After re-emerging, he founded Hanting,In modern times、Comfortable、The value-for-money 188bet concept is popular among business people。Result half a year ago,Achieve a profit of 100 million。
January this year,Huazhu (formerly Hanting) completed the acquisition of Deutsche 188bet Group,This is the first private 188bet group in China to systematically acquire a world-class 188bet group。It is reported,DH has a history of nearly 90 years,Is the largest local 188bet group in Germany,Has more than 10,000 employees,It owns the luxury 188bet brand Steigenberger、Upscale 188bet brands MAXX by Steigenberger and IntercityHotel and design 188bet brands Jaz in the city and Zleep。
Last two years,Mid-range hotels across the country have experienced a wave of sinking,Crazy horse racing in large cities in the central and western regions and small and medium-sized cities in the east。Major companies are also suffering from oversupply、Under greater pressure due to declining occupancy rate。Nowadays, industry reshuffle is accelerating,188bet said he will further expand his market share。In the next three years,Huazhu is expected to penetrate into more second-tier cities in China。
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