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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.
Tongcheng Travel highlights its marketing excellence
03/24/2023|11:05:06 AM|
The online travel company stated that its decision to target students and also promote its loyalty membership initiative was complemented by marketing campaigns in 2022.
Leisure travel firm Tuniu reports 62.8% decline in Q4 revenue
03/17/2023|7:39:13 PM|
The company expects net revenues to increase by 45%-55% in Q1 2023.
Atour Lifestyle aims to operate 2,000 hotels by 2025
03/30/2023|8:27:15 PM|
The Chinese hotel group reported a net loss of USD 12 million for Q4, but a net income of USD 14 million for full year 2022.
Hotel giant H World posts 10.7% revenue increase for Q4, net loss narrows to $19 million
03/27/2023|8:54:17 PM|
H World expects its YoY revenue growth to be in the range of 61%-65% in 2023 Q1.
Club Med owner Fosun Tourism narrows annual loss to $77 million in 2022
03/27/2023|11:07:17 AM|
The business volume of Club Med in Mainland China recovered to 54.3% of that of the same period in 2019.
Meituan’s local commerce segment shines even in tough Q4
03/26/2023|11:06:18 AM|
The company shared that operating profit of its local commerce segment, led by the food delivery business, rose by 41% in Q4, even as its hotel and travel business suffered during the same period.
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