Huazhu Group’s CEO discussed a new hotel turnover metric as well as plans to launch a new brand in the next few weeks.
Revenue from accommodation reservation services decreased by 22.5% to RMB1,830.4 million, revenue from transportation ticketing services increased from RMB61.3 million to RMB3,232.5 million.
Fifteen of the top 20 fastest-growing major airports in the world by passenger numbers are located in Asia.
Total revenues grew from RMB7.8 billion in 2014 to RMB31.1 billion (US$4.5 billion) in 2018, representing a compound annual growth rate of 41.4%.
China's total hotel-construction pipeline stands at 2,761 hotels with 580,635 rooms, up 12 percent by hotels and 6 percent by rooms year over year.
Last year, China unveiled 10 new travel routes in forests, the first batch of such routes.
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.
Simple experiences that mean convenience and control for shoppers are welcome. But they also mean a bigger threat as far as fraudulent transactions and account takeover are concerned.
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