Occupancy rate was 78.1%, a decrease of 1.1% year-over-year. And RevPAR increased 2.5% to RMB127 in the first quarter of 2019.
The Top 20 theme parks in Asia Pacific included 11 parks from China, and reached 139.1 million total attendances in 2018, up by 3.6 percent year-on year.
Ctrip’s data show that the average expenditure per person on a high-end customised travel package is S$3,410, while for a standard package it is $790.
The online travel company is optimistic about driving both revenue growth and margin expansion by leveraging large market scale.
Net revenues were $68.1 million in the first quarter of 2019, a year-over-year decrease of 4.9%; revenues from packaged tours dropped 9.1% to $54.5 million and gross profit decreased 4.5% to $37.4 million.
Mafengwo will use the capital to build a new one-stop travel service platform driven by AI and data algorithms catering to young Chinese travelers.
GTV of the in-store, hotel & travel businesses grew by 15.1% to RMB46.4 billion in the three months ended March 31, 2019.
OYO Hotels is also exploring ways to collaborate with OTAs such as Fliggy, Ctrip and others, along with other consumer traffic-building platforms.
