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Search results for “average room rate”
Outbound travel can contribute up to 50% of revenue in 5-10 years: Ctrip CEO
05/24/2019
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11:45:47 AM
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The online travel company is optimistic about driving both revenue growth and margin expansion by leveraging large market scale.
Google is now top site for hotel reviews, overtaking Booking.com
04/22/2019
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4:11:35 PM
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Booking.com only saw a 10% increase in review volume, generating 28.3 million reviews. In third place is Tripadvisor with 11.3 million.
Cancellation rate at 40% as OTAs push free change policy
04/24/2019
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3:33:38 PM
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The average cancelation rate in 2014 was 32.9% and increased to 39.6% in 2018. It reached a high of 41.3% in 2017.
"Ctrip is not a traditional company": CEO Jane Sun
05/15/2019
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3:00:47 PM
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The group asserts that in addition to being a "hi-tech" company, and its focus on expanding the product list and reach, one of Ctrip's biggest strengths lies in being reliable.
Fosun venture capital invests in Israeli booking site Splitty
04/16/2019
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11:40:11 AM
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Chinese investment firm Fosun RZ Capital led a $6.75 million series A investment round in Splitty, a hotel booking startup based in Israel.
GreenTree total revenues grow 21.4% to $137.4 million in 2018
03/14/2019
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7:56:10 PM
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In 2018, ADR was RMB164, an increase of 4.5% year-over-year; occupancy rate was 82.1%, a decrease of 0.5% year-over-year; RevPAR was RMB135, representing a 3.8% year-over-year increase.
Fosun Tourism turns around net profit to RMB 389.1 million in 2018
03/18/2019
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8:35:15 AM
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Gross profit increased by 86.4% from RMB2,830.3 million in 2017 to RMB5,276.0 million in 2018. Adjusted EBITDA increased from RMB746.3 million in 2017 to RMB2,073 million in 2018.
Meituan reports 11.8% rise in in-store, hotel & travel transaction value
03/11/2019
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6:41:50 PM
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Domestic room nights consumed increased by 38.5% to 283.9 million in 2018.
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