BTG reports 550 million yuan net profit in first 3 quarters of 2017
BTG Hotels registered 40.15% increase in operating revenue to RMB 6.312 billion in the first nine months of the year. The net profit attributable to the parent company was RMB 550 million, up 250.9%.
BTG Hotels (Group) Co., Ltd reported 40.15% increase in operating revenue to RMB 6.312 billion for the first nine months of this year, according to the group’s financial results announced on October 30. Home Inns Hotels Group contributed RMB 5.299 billion to the group’s operating revenue. The group’s total profit went up 98.4% to RMB 857 million, and the net profit attributable to the parent company was RMB 550 million, up 250.9%.
The increase was fueled by growth in the group’s hotel and attraction businesses as the tourism and accommodation markets stabilized. The acquisition of Home Inns, with changes in integration scopes and shareholding structures, also contributed to the group’s overall revenue growth.
Home Inns Hotels Q1-Q3 RevPAR at 151 yuan/room, AOR at 86%
In the third quarter ended September 30, the RevPAR of Home Innss Hotels increased by 8% to 168 yuan per room; the average room rate (ARR) increased by 5.6% to 188 yuan per room; and the average occupancy rate (AOR) went up 1.99 percentage points to 89.5%.
In the nine months ended September 30, the key performance indicators of the Home Inns hotels showed improvement from the same period last year – RevPAR increased by 6.7% to 151 yuan per room; ARR increased by 5.2% to 175 yuan per room; and AOR went up 1.21 percentage points to 86%.
BTG Hotels Q1-Q3 RevPAR at 245 yuan/room, AOR at 63.5%
In the nine months ended September 30, BTG Hotels saw its RevPAR increased by 8% to 245 yuan per room, ARR increased by 1.4% to 386 yuan per room, and AOR went up 3.92 percentage points to 63.5%.