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Hotel giant projects 87% rise in revenue; Tencent powers airlines' digital cabin | Daily Brief
05/26/2021|12:09:18 AM|
Australia loses title as ‘most coveted’ destination for Chinese students; Klook gets requests to cancel or postpone staycation, cruise bookings after Covid-19 rules change.
Huazhu reports $471 million net income in Q4, expecting net revenue growth to top 50% in 2021
03/24/2021|10:15:50 PM|
Hotel turnover increased 17.5% year-over-year to RMB 11 billion for the fourth quarter, and decreased 5.6% to RMB 33 billion for the full year of 2020.
Huazhu Group forms joint venture with Sunac China
03/23/2021|10:58:52 AM|
The joint venture company, named Yongle Huazhu Hotel & Resort Group, is formed with a total registered capital of RMB 50 million.
Huazhu Group aims to be bigger, gears up for a brighter future
03/30/2021|10:44:56 AM|
The Chinese hotel company has carved out its strategic focus for 2021, built on property expansion, strengthening bonds with existing and new customers, both backed up astute data strategy and digitization project.
Huazhu projects Q4 revenues to surpass previous guidance
01/25/2021|3:16:28 PM|
RevPAR of the Legacy-Huazhu hotels (excluding Deutsche Hospitality) for the fourth quarter was RMB 186, down by 2.4% year-over-year, but up from RMB 179 in the previous quarter.
Huazhu Group posts better-than-expected revenue growth in Q3
12/04/2020|8:37:54 PM|
Huazhu expects net revenues to grow by 0%-3% year-over-year for the fourth quarter.
Hotel giant Huazhu reports nearly 32% drop in Q2 revenue
09/15/2020|2:25:45 AM|
Occupancy at Legacy Huazhu was 79% in July and 84% in August.
Huazhu sees improvement in Q2 operation results
07/16/2020|4:59:41 PM|
Same-hotel RevPAR dropped 40.8% in the second quarter, and 52.8% in the first quarter.
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