Search results for “hotel construction pipeline”
Marriot's RevPAR in Greater China drops 90% in February
02/28/2020|8:49:40 PM|
Marriott estimates to earn $25 million less in monthly fee revenue, compared to its 2020 base-case outlook.
Global tourism to take a $80B hit, cruises shun Asia to avoid virus | Daily Brief
02/15/2020|12:54:05 AM|
The coronavirus impact may last until the second quarter of 2021, industries are feeling the pinch beyond China, with the full impact remains to be seen.
Huazhu net revenue increases by 10.4% to US$427 million in Q3
11/13/2019|9:40:27 AM|
Hotel turnover increased by 19% to RMB10 billion. Net revenues from leased and owned hotels were RMB2.1 billion, representing a 1.8% year-over-year increase.
OYO, Jin Jiang lead Asia Pacific hotel supply and growth
11/04/2019|2:45:19 PM|
OYO’s Asia-Pacific portfolio covers 952,495 rooms and as of June, the company had 500,000 rooms across 10,000 hotels in China alone.
China’s hotel construction expands with all-time high despite economic slowdown
09/03/2019|3:02:35 PM|
China's total hotel construction pipeline swelled to 2,991 projects/592,884 rooms in the first half of 2019, up 19% by projects and 7% by rooms year-over-year, both at all-time highs, amidst an economic slowdown.
Hotel monitor 2020 forecasts modest rate rises in the world’s key business centres
08/02/2019|5:33:31 PM|
Despite the added capacity, the sustained demand in Asia Pacific means rates are likely to increase. For example, Bangalore and Tokyo will see rates increase by 5% and 4%, respectively.
Huazhu net revenue increases by 13.4% to US$417 million in Q2
08/22/2019|9:09:12 AM|
Hotel turnover increased by 18% to RMB8.8 billion. Net revenues from manachised and franchised hotels were RMB803 million (US$117 million), representing a 30.4% year-over-year increase.
U.S.-China trade war hurts Accor but it won’t deter Asia expansion
08/01/2019|5:26:32 PM|
RevPAR in China fell 1.3 percent, and RevPAR for Asia-Pacific declined 0.2 percent.
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