These two strategic pillars will enable us to meet our ambi- tious goals. In 2012, we committed to shifting our hotel base’s operating structure mix by 2016 so that it is more profitable, less cyclical and less capital intensive. As a result, 20% of the hotels will be owned or leased, to retain control over our brands, explore new marketing concepts, guarantee the training of our hotel managers, enter
These two strategic pillars will enable us to meet our ambi- tious goals. In 2012, we committed to shifting our hotel base’s operating structure mix by 2016 so that it is more profitable, less cyclical and less capital intensive. As a result, 20% of the hotels will be owned or leased, to retain control over our brands, explore new marketing concepts, guarantee the training of our hotel managers, enter