Search results for “occupancy”
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.
Huazhu to sustain expansion in upscale segment: CEO Jenny Zhang
08/28/2019|5:47:56 PM|
The hotel group expects revenue generation from its mid-scale and upscale hotel segments to go up further with aggressive development.
Hong Kong hotels in crisis as protests deter Chinese tourists
08/16/2019|2:57:50 PM|
Hotel occupancy rates that averaged 90% in the first half will fall by a third or more and that arrivals from the mainland to Hong Kong, a key shopping destination for Chinese, could slow to a trickle.
Executives optimistic despite pressures in China
08/21/2019|6:14:20 PM|
Most major hotel companies reported softer revenue-per-available-room growth in China during the second quarter because of the ongoing U.S.-China trade war as well as protests in Hong Kong.
HOTELS 325: Jin Jiang becomes global No. 2 hotel group, OYO ranks 8th
08/02/2019|5:42:49 PM|
Marriott holds onto the top spot and Hilton dipped to No. 3 behind Jin Jiang, which leaped up the ranking after its acquisition of Radisson Hotel Group adding almost 200,000 rooms.
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.
Franchise Hotel Qingzhu secures three financing rounds in H1 2019
07/30/2019|3:04:23 PM|
Qingzhu has signed a total of 2,000 hotels and aims to have 4,000 by the end of this year.
Chinese star-rated hotels generate 52.58 billion yuan in Q4 2018
07/29/2019|11:18:38 PM|
In Q4 2018, the ARR of China’s star-rated hotels was 356.34 yuan per room night, up by 1.17%; the AOR was 57.43%, down by 0.50% and RevPAR was 204.63 yuan, up by 0.66%.
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