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Search results for “average room rate”
Global hotels will lose just 2% of supply permanently because of coronavirus
05/09/2020
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1:58:32 PM
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While PPP loans help hoteliers keep properties open in the U.S., government assistance programs elsewhere in the world still offer a boost to the travel industry.
Tencent-invested Meituan registers 110 million room nights in Q4
03/30/2020
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6:29:26 PM
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Meituan estimates negative year-over-year revenues growth and operating loss for the first quarter of 2020 due to the pandemic.
Disney hotel coronavirus closures could cost company $140 million worldwide
03/23/2020
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6:09:01 PM
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Disney has 16 company-operated hotels with 11,000 rooms at four theme park resorts in Asia and Europe.
Huazhu's net revenue rises 8.5%, same-hotel RevPAR down by 5.4%
03/27/2020
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8:19:48 AM
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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.
Meituan warns of pandemic-hit loss; Shanghai attractions close again | Daily Brief
03/31/2020
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12:09:00 AM
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State bank ICBC provides USD 14.5 billion in financing to cultural and tourism firms in Beijing; TravelSky processed 1,071.9 million transactions and 432.8 million BSP tickets last year.
Tencent-backed OTA Tongcheng-Elong reports 205.2 million MAUs in 2019
03/25/2020
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8:31:59 PM
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The company expects net revenue to decrease by approximately 42% to 47% in Q1 due to coronavirus.
How Marriott plans to manage a 45% drop in hotel occupancy rates
03/26/2020
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7:01:39 PM
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The chain is seeing occupancy rates in North America at under 25%, down from about 70% last year
Hotel markets throughout Asia Pacific show coronavirus impact
02/26/2020
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1:07:22 PM
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Macau saw the steepest occupancy decline (-97%), falling from absolute level of 96% to just 3% between 6 January and 16 February.
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