Business
H World Group Signs Agreement to Debut Intercity Hotel, JI Hotel and Orange Hotel in Laos
H World Group Limited (NASDAQ: HTHT) and (HK: 01179), a leading global hospitality group, announced its debut into the Laotian market with the signing of 4 hotel management agreements, further advancing its international growth strategy and expanding its footprint in Southeast Asia.
About this update from H World Group Limited
[{"type":"text","content":"SINGAPORE, June 6, 2025 /PRNewswire/ -- H World Group Limited (NASDAQ: HTHT) and (HK: 01179), a leading global hospitality group, announced its debut into the Laotian market with the signing of 4 hotel management agreements, further advancing its international growth strategy and expanding its footprint in Southeast Asia.","length":328,"tagName":"p"},{"type":"image","alt":"Rendering of JI Hotel by the Mekong River in Vientiane","displaySize":"","headline":null,"caption":"Rendering of JI Hotel by the Mekong River in Vientiane","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":249,"url":"https://media.zenfs.com/en/prnewswire.com/3c974dc14ff7ea44ad736862e8665ae7"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/nOGNXHijf1DyodlbxfHrAg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQzOTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/3c974dc14ff7ea44ad736862e8665ae7","width":400,"height":249}}},{"type":"text","content":"The signing ceremony, held in Laotians Capital City Vientiane on May 29, marks H Group's first entry into the country, solidifying its "asset-light and internationalization" strategy.","length":197,"tagName":"p"},{"type":"text","content":"The new properties, located in Vientiane and the historic city of Luang Prabang, will be developed in collaboration with three investment partners: Lao Kunpeng Industrial Co., Ltd., Yuting Hotel Investment Management Co., Ltd., and KP Construction Sole Co., Ltd.","length":262,"tagName":"p"},{"type":"text","content":""This signing of four hotels in Laos is an important step for H World in promoting localized management and building a deeply rooted network across the region," said Zhu Xiaogang, President of H World Asia Pacific.","length":224,"tagName":"p"},{"type":"text","content":""We are committed to strengthening our operational capabilities in Southeast Asia and delivering high-quality, full-lifecycle services to our partners. We are confident that these projects in Laos will become the highlights in H World's development in the region", added Zhu.","length":289,"tagName":"p"},{"type":"text","content":"The four hotels signed this time cover H World's core upper-midscale and midscale brands, with projects located in Laos' capital and major tourist destinations:","length":168,"tagName":"p"},{"type":"li...