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Search results for “average daily rate”
GreenTree Hospitality reports over 13% increase in gross profit for Q3 2021
01/13/2022
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4:50:30 PM
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The average daily room rate for all hotels in operation was RMB 163, an increase of 7.7% from RMB151 in the third quarter of 2020.
Alibaba ups $38M investment in UTour; US-China travel fast-track program to start in early 2022 | Daily Brief
12/09/2021
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12:18:25 AM
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COVID-19 travel curbs are biggest challenge for British firms in China; HNA transfers airline management to strategic investor.
Macau’s casinos report slight uptick in revenue for early December
12/08/2021
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11:07:33 AM
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December GGR is predicted to be down 68% versus December 2019.
Meituan underlines potential for sustainable growth in hotel bookings
11/30/2021
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2:08:09 PM
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The company stated that it not only continues to leverage its competitive advantage in lower-tier markets, but it is also improving its offering in the high-star hotel category.
Shifts in marketing department expenditures reveals changes in tactics during recession
11/17/2021
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3:47:15 PM
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Despite rising levels of revenue, sales and marketing department expenditures are still on the decline for most of the property types.
GreenTree Hospitality net income drops 14% in Q2
11/16/2021
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6:44:58 PM
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The occupancy rate for all hotels in operation was 78.6%, an increase of 15.2 percentage points compared with the second quarter of 2020.
Marriott hits profit setback due to delta variant
11/04/2021
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1:52:41 PM
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Marriott reported a USD 220 million profit for the third quarter, a drop from the USD 422 million profit seen in the second quarter.
IHG posts Q3 results, group RevPAR down 21% vs 2019
10/25/2021
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6:30:55 PM
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Increases in Covid-19 cases and the reintroduction of temporary restrictions resulted in RevPAR weakening to a 55% decline in August in Greater China.
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