Search results for “occupancy”
Fosun Tourism turns around net profit to RMB 389.1 million in 2018
Gross profit increased by 86.4% from RMB2,830.3 million in 2017 to RMB5,276.0 million in 2018. Adjusted EBITDA increased from RMB746.3 million in 2017 to RMB2,073 million in 2018.
Chinese hotel giant Huazhu Group reports 22.3% growth in 2018 revenue
For the full year of 2018, net revenues from leased and owned hotels were $1,087 million, representing a 17.9% year-over-year increase; net revenues from manachised and franchised hotels were $367.5 million, a 36.6% year-over-year increase.
GreenTree total revenues grow 21.4% to $137.4 million in 2018
In 2018, ADR was RMB164, an increase of 4.5% year-over-year; occupancy rate was 82.1%, a decrease of 0.5% year-over-year; RevPAR was RMB135, representing a 3.8% year-over-year increase.
Indonesian capsule hotel startup Bobobox raises pre-Series A funding round
Bobobox helps independent hotels by providing the pods, system, and even marketing.
Fosun Tourism wishes global families to “take a FOLIDAY, instead of a holiday”
With differentiated brands, products and customers, the Chairman and CEO of Fosun Tourism sees more synergy than competition.
The role of architecture and design in hospitality
While architecture and design enable properties to curate a memorable stay, it’s also a powerful tool for communicating a brand’s message.
Hotels find new ways to incorporate wellness
The Global Wellness Institute calculated the global spend on wellness tourism at $639.4 billion in 2017. The sector grew 6.5% per year from 2015 to 2017, more than twice the growth rate for general tourism.
2019: the year hotels get a grip on acquisition costs
"Book Direct" campaigns launched by many of the big brands last year have in fact been successful in "either stabilizing or strengthening the growth rate of bookings via proprietary hotel company websites."
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