Search results for “Financial Results”
International hotel performance drops in China: Is business travel to blame?
08/23/2024|12:18:16 PM|
Business demand accounts for approximately 60% of hotel stays, while leisure demand makes up the remaining 40%.
H World strengthens its direct bookings pie
06/01/2023|1:46:37 PM|
Direct bookings through H World CRS (central reservation system) increased from 47% to 62% of the 2019 level in Q1 this year.
Tongcheng achieves its all-time high for domestic room nights in Q1
05/30/2023|12:15:20 PM|
The online travel company benefited from the healthy recovery in the wake of relaxed Covid-19 travel policies, and this was reflected in its revenue from domestic room nights and air ticketing.
Booking reports faster growth in gross travel bookings than Expedia
05/05/2023|8:27:04 AM|
Both OTA giants set record highs in the first quarter.
Meituan posts a record adjusted net profit of $778.3 million in Q1
05/25/2023|5:52:59 PM|
The room nights and GTV grew robustly.
Tencent-backed Tongcheng Travel posts more than 50% rise in Q1 revenue
05/24/2023|6:48:19 PM|
Some 80% of Tongcheng's active users were contributed by Tencent's Weixin mini program.
Hotel group Atour Lifestyle posts over 70% rise in first-quarter revenue
05/19/2023|10:17:38 AM|
Retail and related incomes accounted for 18% of Atour's total revenue in the quarter.
Wyndham Hotels & Resorts posts 15.6% decrease in net revenue in Q1
05/02/2023|3:55:33 PM|
The world’s largest hotel franchisor registered 10% growth in its direct franchising business in China.
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