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IHG sees 43% RevPAR rise in China with 67% occupancy

IHG sees 43% RevPAR rise in China with 67% occupancy

Net system size growth in Greater China was 5.5%.

10/23/2023|11:08:58 AM|ChinaTravelNews
Fosun Tourism posts 38% revenue rise, but China is just 4% of Club Med's global volume

Fosun Tourism posts 38% revenue rise, but China is just 4% of Club Med's global volume

Atlantis Sanya's occupancy rate added more than 40 percentage points.

08/29/2023|5:08:13 PM|ChinaTravelNews
H World shows faith in lower-tier cities residents’ spending power

H World shows faith in lower-tier cities residents’ spending power

Lower-tier cities in China offer a massive growth potential, especially considering the fact that around 70% of China’s population resides in these locations.

08/29/2023|3:35:34 PM|Ritesh Gupta, ChinaTravelNews
Chinese hotel giant H World posts 63.5% increase in Q2 revenue and raises expectation for the full year

Chinese hotel giant H World posts 63.5% increase in Q2 revenue and raises expectation for the full year

For Legacy-Huazhu business, RevPAR in Q2 2023 recovered to 121% of the Q2 2019 level.

08/24/2023|6:54:29 PM|ChinaTravelNews
Lifestyle hotel group Atour doubles its revenue in Q2

Lifestyle hotel group Atour doubles its revenue in Q2

Scenario-based retail revenues accounted for 19% of total revenues.

08/17/2023|8:09:34 PM|ChinaTravelNews
IHG reports 17% RevPAR growth, with China market contributing only 7% of revenue

IHG reports 17% RevPAR growth, with China market contributing only 7% of revenue

In Q2, the Greater China region's Revenue Per Available Room (RevPAR) doubled compared to the same period last year.

08/17/2023|2:53:06 PM|ChinaTravelNews
Marriott Q2 RevPAR more than doubles in Greater China, raises full-year guidance

Marriott Q2 RevPAR more than doubles in Greater China, raises full-year guidance

The 2023 net room growth rate is expected to be between 6.4% and 6.7%.

08/02/2023|7:30:47 PM|ChinaTravelNews
Accor sees solid activity growth in first half, raises full-year guidance

Accor sees solid activity growth in first half, raises full-year guidance

Demand is expected to remain strong for the coming months.

07/29/2023|7:02:44 PM|ChinaTravelNews
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