Search results for “Franchise Hotel”
Club Med parent plans multi-brand offline expansion post-pandemic
03/24/2021|8:42:27 PM|
By 2023, Fosun Tourism plans to open 16 new Club Med resorts, half of which will be located in China.
Accor further offloads 1.5% stake in Huazhu Group
02/20/2021|11:40:07 AM|
After this transaction, Accor still owns a 3.3% stake in Huazhu and continues to be represented at the Group’s Board of Directors.
China sees plunge in travel rush; Cathay raises $870 million | Daily Brief
01/28/2021|10:44:13 PM|
Beijing raises Covid requirements on travelers from low-risk area; China urges less travel during upcoming holiday.
Wyndham reports a 40% revenue decline, but Greater China RevPAR performs far better than other regions
02/12/2021|11:56:55 PM|
System-wide rooms declined 4% year-over-year.
Wyndham's Greater China RevPAR down by 29% in Q3
10/29/2020|6:40:17 PM|
Global comparable RevPAR declined 35% year-on-year while system-wide rooms declined 2%.
Hotel firm GreenTree expects a 30%-35% drop in Q1 revenue
04/14/2020|9:35:51 PM|
Due to the impact of COVID-19, the company may record a decline in total revenues of 10%-15% for the full year 2020.
Huazhu's net revenue rises 8.5%, same-hotel RevPAR down by 5.4%
03/27/2020|8:19:48 AM|
Huazhu is expected to close 350-450 hotels, including planned closure of 300-350 hotels and special closure of 50-100 hotels impacted by COVID-19.
Chinese hotel CEOs gear up for new normal, expect rebound by mid-Q2
03/28/2020|9:08:22 PM|
Senior executives from Plateno Group’s Xana Hotelle, 7Days Inn and Vienna Hotel Co. believe that they have weathered the COVID-19 storm with apt financial planning, and by responding with compassion.
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