Search results for “hotel construction pipeline”
Wanda reinstates its hotel ambition with Wanda Moments brand
12/04/2018|9:05:53 AM|
Wanda Hotels & Resorts has been heading towards being asset-light following a blockbuster deal in July 2017 that changed its asset portfolio.
Marriott still working through Starwood integration two years after deal
08/10/2018|9:27:26 AM|
Marriott’s net income for the second quarter was $610 million, a 25 percent increase from last year.
2435 international hotels to land in China, Hilton brands top the list
12/15/2017|2:04:10 PM|
According to the latest China Construction Pipeline report from Lodging Econometrics, the country has 2,435 hotels with 538,836 guestrooms in the works, up 5 percent year-over-year.
China Lodging expects 23%-26% revenue growth with Crystal Orange acquisition
08/17/2017|8:00:45 PM|
China Lodging Group (Huazhu) raises net revenues growth range to 23%-26% given the consolidation of its Crystal Orange Hotel acquisition and better-than-expected performance in 2017.
Hilton brings apartment-style hotel to China’s mid-range
09/30/2016|1:46:14 PM|
Hilton Hotels recently introduced its concept of apartment-style hotel to China for the first time in a bid to expand into the country’s mid-scale market.
Hotel room glut drives down room rate and revenue in China
08/03/2016|10:01:40 AM|
Hotel chains over-expansion has caused four in ten hotel rooms in China staying empty and is driving down room rate and RevPAR.
China’s hotel pipeline shows second consecutive quarter YoY decline
06/06/2016|1:46:11 PM|
China's pipeline at Q1 2016 stands at 2,448 projects with 549,222 rooms, indicating adecline in projects by 8% and rooms by 1%, on a year-on-year (YOY) basis.
Occupancy rate of China Lodging Group reaches 80.4% in Q1 2016
05/12/2016|10:31:31 AM|
In the first quarter of 2016, the company's ADR was RMB172 and RevPAR was RMB139. The occupancy rate for all hotels in operation (excluding certain franchised Starway hotels) was 80.4%.
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