Hilton Signs Deal to Expand Home2 Suites Brand to China

Hilton has signed an exclusive management license agreement with Funyard Hotel Investment (Asia), a subsidiary of Country Garden, to introduce and develop the Home2 Suites by Hilton brand in China.

As one of Hilton's fastest growing midscale brands, Home2 Suites by Hilton currently has approximately 400 operating hotels and over 450 hotels in the pipeline across the US and Canada. Its introduction to the Chinese market represents the first major extended stay play for the brand outside of North America.

"As our second largest market globally, China has consistently seen rapid growth and is forecast to become the world's largest lodging market," said Alan Watts, president, Asia Pacific, Hilton. "We know from our success with several existing properties that Country Garden is one of the strongest players in the Chinese property market. We are thrilled to continue working with them to introduce a new Hilton brand to China and realize our shared vision to build more than 1,000 Home2 Suites by Hilton together."

Qian Jin, area president, Greater China and Mongolia, Hilton, said, "In light of the current climate, we expect domestic tourism to be a key pillar of China's economy and hospitality market. Home2 Suites by Hilton aims to provide consumers with a well-trusted product that is market-relevant at a great value and we look forward to working with Country Garden to bring that to our consumers."

See latest Travel News, Video Interviews, Podcasts and other news regarding: COVID19, Hilton, China.