UHC Group's Revenue Surges 230% in Two Years to 76.4 Billion Won

Dong-A Ilbo is pleased to report on the remarkable growth of UHC Group, a global hotel brand management company that has achieved significant milestones in recent years. Last year, UHC Group announced a revenue of 76.4 billion won, marking an impressive 110% increase from the previous year's 36 billion won. This surge represents a more than 230% growth over the past two years, underscoring the company's dynamic expansion.

UHC Group's strategic international expansion has been a key driver of this success. The 'UH SUITE' brand opened its second location in Osaka, Japan, while 'UH FLAT' launched its first property in Johor Bahru, Malaysia, under the newly established 'Hotels & Resorts' brand. With another hotel set to open in Chongqing, China, UHC Group is rapidly solidifying its presence across Asia.

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I am happy to have grown to the point of looking at 100 billion won in revenue within 10 years of our establishment in 2017. We are focusing on providing differentiated value to customers by incorporating various content, such as medical services, into spaces, without resting on past achievements.

Beyond geographical expansion, UHC Group has also focused on strengthening its digital capabilities and diversifying its business model. The 'STATION by UHC' app, launched in the second quarter of last year, has garnered approximately 200,000 downloads and 40,000 members within its first year, reducing reliance on third-party booking platforms and maximizing operating profit. Furthermore, the company's foray into integrated services, such as acquiring the mobility platform 'Papa Mobility' and collaborating with medical institutions for 'UH CELL' beauty clinics, demonstrates a forward-thinking approach to creating comprehensive travel experiences.

Looking ahead, UHC Group has set an ambitious revenue target of 130 billion won for the current year. The upcoming openings of large-scale hotels, including 'UH CONTINENTAL' in key Seoul locations, are expected to further accelerate revenue growth and brand recognition. The company is well-positioned to capitalize on the increasing demand from foreign tourists visiting Seoul, particularly with its new branches offering large-capacity rooms suitable for long stays and group bookings. CEO Park Sung-jae expressed his pride in the company's rapid growth and reiterated their commitment to providing differentiated value through innovative services and efficient operations, aiming for sustainable global growth.

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In addition to external growth, UHC Group's core competitiveness lies in creating substantial operating profit by establishing an efficient operating system. We will prove a sustainable growth model on the global stage.