• Home Inns builds expansion

Home Inns & Hotels Management, China’s largest economy-hotel chain, reported 26% growth in second quarter revenue to Yen806.9m (£74.64m).

The company increased its expansion plans to up to 205 hotels this year, from forecasts of 180 to 200 made in May. Occupancy at the chain climbed to 96.4% from 92.4% a year earlier, with revpar up by 16%.

See the full release here:
http://www.marketwatch.com/story/home-inns-reports-second-quarter-2010-financial-results-2010-08-10?reflink=MW_news_stmp

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