Search results for “decline”
Homeinns Hotel Group leaves its comfort zone, targets mid-scale segment
05/15/2015|10:55:00 PM|
Despite facing its toughest quarter since Homeinns was established in 2002, the group is hopeful of building on its positive metrics from Q1
Far East Group negotiating AUD$75 million acquisition of Pullman Cairns International
05/06/2015|4:19:38 PM|
Far East Consortium International’s chairman is in negotiations over a AUD$75 million deal to purchase the five-star Pullman Cairns International.
Mainland tourism to Hong Kong hard hit in Q1 2015
05/05/2015|9:59:43 AM|
Hong Kong received 10% fewer mainland tour groups during the last May Day weekend and hotels in the city were only filled to 70%-80% .
Chinese visitors contributed 25% to Japan’s record tourism income
04/15/2015|9:20:10 AM|
Chinese visitors contributed a quarter of Japan’s record tourism receipts of JPY2 trillion in 2014, according to Japanese government statistics.
Room rates plunge as Shanghai luxury hotel glut continues
04/10/2015|9:24:28 AM|
Shanghai is experiencing a glut of premium hotels and the hotel industry will face a high vacancy rate if investments in new hotel projects continue unchecked.
Low yen propels Japan ahead of Korea in attracting Chinese tourists
04/27/2015|9:39:19 AM|
The Japanese yen has fallen to a seven year low against the Korean won, fueling the Japan craze among Chinese tourists at the expense of arrivals to Korea.
China Southern’s 2014 annual revenue up 10.38% while profits continue slide
04/01/2015|12:08:02 PM|
China Southern is the only one one of the five major listed Chinese carriers with decreasing profitability. Its decline has lasted for two years.
BTG Hotels annual profit drops 4.66% in 2014
04/02/2015|10:25:25 AM|
BTG Hotels’ annual revenue and net profit fell last year, at 5.87% and 4.66% respectively to RMB2.791 billion and RMB112 million.
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