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Search results for “average daily room rate”
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.
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.
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.
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.
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.
Booking.com APAC chief: making business easier for anyone and anywhere
09/09/2021
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1:44:16 PM
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The Amsterdam-based online travel platform may have to wait till international travel reopens in China to maximize its regional recovery.
GreenTree Hospitality reports over 53% increase in revenues for Q1 2021
07/29/2021
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10:33:41 AM
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The occupancy rate was 63.4%, an increase of 16.1 percentage points year-over-year, and a decrease of 14.7 percentage points compared with 78.1% in the pre-COVID-19 first quarter of 2019.
Beijing hotels report substantial rise in June room rates
07/13/2021
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12:17:28 PM
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Year-over-year percentage increases are substantial because of the comparison with the months most affected by the pandemic in 2020.
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