On August 23, zhejiang kaiyuan hotel co., LTD. (hereinafter referred to as the "kaiyuan hotel") in the Hong Kong stock exchange to disclose the prospectus, listed in Hong Kong.

Company is mainly engaged in the upscale hotel chain in China business and management.Since the company was founded in 1988 in hangzhou city, zhejiang province, mainly for high-end leisure and business travel market, combined with Chinese element international standard hotel service.

Hotel management performance, China's high-end hotel market average occupancy rate increased steadily from 56% in 2013 to 63% in 2017, compared with a daily average house prices remain relatively stable, between RMB 727 yuan to 778 yuan.Due to the increase in occupancy, upscale hotel per available room also increased steadily from 428 yuan in 2013 to 2017, 465 yuan, the compound annual growth rate of 2.1%.

Kaiyuan hotel mainly through full service management and franchise hotel under the agreement, the main operating lease of the hotel, and adopted a light asset business model.Company is currently operating hotel is its own or lease, company management and operating franchise hotel, also in the hotel business, the hotel and its business bear all hotel management costs.

Kai yuan hotel management service and hotel operations, including product sales at the same time.

Financial data show that by the end of 2015, 2016, 2017 and April 30, 2018, the company's income is 1.522 billion yuan respectively, 1.602 billion yuan, 1.664 billion yuan, 1.602 billion yuan;During the same period net income 29.641 million yuan respectively, 84.055 million yuan, 166 million yuan, 52.847 million yuan.

Kai yuan hotel is realized, the company's hotel industry faces intense competition, the company's main rival is other hotel group, including with good brand and reputation of the other major hotel chains, if the company cannot compete successfully, the revenues or profits of the company may fall, or its ability to maintain or increase the market share is likely to be diminished.

Company mainly relies on brand awareness and reputation, location, customer satisfaction, prices, quality of service quality, convenient facilities and accommodations for hotel guests.

However, for the future, the company plans to offer the company in a leading position in the high-end business hotel, the further development of resorts and mid-range hotel chain business, increase the digital marketing activities and crossover marketing activities, introduce technology of intelligent hotel rooms and further investment, and to develop innovative digital strategy.