"Godfather of Entrepreneurship" hanting: The market potential of China's economy hotel is big

"It was a good time to go on the market, but happy only for a few minutes."　　"By the industry known as the godfather of entrepreneurship," Hanting described his third entrepreneurial success. U.S. local time March 26, hanting sounded the Nasdaq opening bell, he founded the Hanting hotel chain to the U.S. stock market.　　For hanting, this is after Ctrip, such as home, he founded in 10 years and successfully landed on Nasdaq, the 3rd listed company.　　According to the Chinese court investors, IDG Capital vice chairman Shong Memories, in Ctrip and such as home market, hanting very low-key, ring bell ceremony did not participate, but this time hanting but the exception to go to, can be seen 62.67% of the hanting to the Han court high hopes. "I will not leave the Han Dynasty to start a business," Hanting said, the market potential of China's budget hotel is very large, to devote their life to the Han court, to make it the best hotel group in the world.　　He believes the future World Hotel rankings will be rewritten by Chinese companies.　　Entrepreneurship success thanks to the national journalist: you created Ctrip, such as home Hanting three companies are now successfully listed, they earn you how much wealth? Hanting: I did not calculate the money problem, but the three companies, Han court to make the least money, and in the economic crisis, I put a lot of my money into the Han court.　　In fact, in Ctrip I have made enough money, already can live very well, the rest is to do business, I think the question of money is not much meaning.　　Reporter: Can be made three listed companies, what is the know-how? Hanting: Three companies were listed on Nasdaq in ten years, I think the most important China has this huge consumer market has given me this opportunity to start a business, grow fast, people are pushed away by the tide, I personally do not have such a large capacity, I am more lucky, just to catch up with this good time,　　I believe it would be hard to break my record on Nasdaq.　　In China, the consumption of the middle class is 300 million, which provides a huge market space for the Chinese service industry, so I can start a successful business is really to thank the country, this is very sincere.　　Reporter: You will not leave the Han court, then to start a business? Hanting: No. My ideal is to make the Han court my career, made the best hotel group in the world. Now, the largest hotel group in Europe, Accor group, the market value of more than 4 billion U.S. dollars, 6,000 hotels, while the hanting only more than 800 million U.S. dollars, 200 hotels.　　I think it may take me a lifetime, maybe 20, 30 or a lifetime, but it's much more interesting than how much money I make.　　Found huge blank market Reporter: Why did you leave Ctrip and home again to start?　　Hanting: We founded Ctrip at that time, are too young, energetic, we still struggle to go to Phoenix TV (laugh), then feel that entrepreneurship is a kind of challenge. To leave Ctrip is because on behalf of Ctrip to create home, I still take Ctrip's wages. 2001, I was the founding president of Ctrip, when I saw a netizen message, complainedThe country does not have an economical brand hotel, he does not ask the hotel how luxurious, but the demand is clean, safe, the price can not be too expensive.　　Because of the discovery of this huge blank market, Ctrip decided to send me to create a budget hotel. When I was founded as home, and found that some customers in addition to clean and safe, but also put forward more requirements, such as whether to do more taste, whether there is a meeting room, so that business guests more convenient.　　So, I hope to provide more "high-end" point of the Budget hotel, leaving home, began to create the Han court.　　Reporter: In addition to Han court, such as home and seven days have landed overseas capital markets, why do you think investors value the concept of Chinese economy hotel? Hanting: The market potential of Chinese economy hotel is very big. Now China's brand-name Economy Hotel is not 1% of the hotel market, and in the future this proportion will rise to 50%.　　30 years later, the pattern of China's hotel should be five or so famous brands, the size of the industry leader should be more than 10,000, the World Hotel rankings will be rewritten by Chinese enterprises. Speed 8 hotel in the United States, there are probably more than 2000 chain hotels, China's largest budget hotels such as home more than 600 open hotels, China's consumer market is booming, the service industry at least 30 years of growth, the entire industry has dozens of times times the growth of space.　　[Page] Want a competitor to do a good job Reporter: Han court and such as home are you created, how do you think of these two future competition? Hanting: I just said, China's brand economy hotel market total is less than 1%, such a large market, such as home Hanting like two little brother in the inside run, you say you can meet the chance is how big?　　So the competition between them is very slim, and more is between the brand budget hotels and other hotels.　　And I want to be good at home, I remember Wal-Mart founder said, he is very grateful to opponents, if there is no good opponents will not have such a good global retail giants, so I hope not only the stock price rises, but also hope that 7 days of good results.　　Reporter: What kind of pressure will you encounter in the process of starting a business? Hanting: In the United States roadshow and the last market when the mood is a little nervous, because before the venture capital to inject us, but now is the people to buy our stocks, the pressure on our performance will be very big.　　The market was happy, but happy only for a few minutes, because the stock is a big increase, a new pressure, but also hope that the share price can grow steadily. Starting a business for me does not expect applause, because the process itself is a challenge, the process is very interesting, in order to ease the pressure, I started early to play the game, but later because the cervical spine is not very good, travel, reading, photography, listening to music.　　Music I like the classical, especially Mozart's piano solo, listen to immediately can make people quiet down. Dialogue character Hanting was born in October 1966 in Rudong County, Jiangsu Province, 1992 Shanghai Jiaotong University, the Department of Mechanical Engineering, and then worked in the Yangtze River computer Group, ShanghaiComputer Technology Service Company; 1994 living in the United States, 1995 Beijing Sino-American Intelligent System Co., Ltd. Hua East General manager; 1997 founded Arats Science and Technology Limited liability company as general manager; In 1999, founder of Ctrip as President;　　2005, founded the hanting chain Hotel as CEO, the same year in February to form the CEO of Li Shan Investment company.　　Link Ctrip four gentleman Ctrip 4 founder Hanting, Shen, fan and Liang Jianzhang of Shanghai Jiaotong University alumni, founded Ctrip success, by the industry called "Ctrip four Gentleman."　　May 1999, 4 people together to create a Ctrip travel network, and according to their respective expertise for the division of labor: Liang Jianzhang chief executive, Shen as chief financial officer, Hanting President, fan as executive vice president. With Ctrip, such as home Hanting successively listed, 4 per capita success net worth billion.　　Today, Shen is a partner of Sequoia Capital China, fan continued to be the CEO of Ctrip, Liang Jianzhang as chairman of Ctrip. and "Ctrip" related to: Zeng Cheng Vice president of the Zheng founded 7 days chain hotel, last year in the United States listing, has been vice president of Wuhai as the vice president of Art Dragon, founder of the Orange hotel chain, is preparing for the listing.