Search results for “RevPAR”
Jin Jiang Hotels increases its stake in Plateno Group to 93%
To further integrate resources and reduce costs, Jin Jiang International Holdings will acquire 12.0001% stake held by Prototal Enterprises Limited in Keystone, a Jin Jiang subsidiary that controls Plateno.
BTG Hotels’ operating income rises 71.33% YoY to ¥3.988 billion
BTG Hotels reported operating income of ¥3.988 billion in H1 2017, an increase of 71.33%; net profit attributable to the parent company grew ¥227 million to ¥241 million, an increase of 1626.29%.
China Lodging expects 23%-26% revenue growth with Crystal Orange acquisition
China Lodging Group (Huazhu) raises net revenues growth range to 23%-26% given the consolidation of its Crystal Orange Hotel acquisition and better-than-expected performance in 2017.
CAR Inc. car rental revenue increases by 31% YoY
Net profit was RMB 379 million, a decrease of 64% YoY; car rental revenue was RMB 1,739 million, an increase of 31% YoY, and rental days grew by 71% year-over-year.
Hilton to introduce new brands to China
Hilton is planning more than 400 hotels in Asia Pacific and expects to introduce more brands into China, considered a key market in its future strategy.
Wyndham buys AmericInn hotel chain for $170 million
AmericInn will become Wyndham’s 20th hotel brand. It has 200 mostly franchised hotels comprising 11,600 rooms in 21 states throughout the US.
The hotel chain that doesn’t need Booking.com or Expedia
Premier Inn’s proportion of direct bookings is pretty eye-opening, but the brand operates under a particular set of circumstances. If it decides to ramp up its international expansion, it will be interesting to see if it chooses to make more use of online travel agents.
eHi boosts car share service while UCAR beefs up car dealing platform as authorities give go ahead to car share concept
eHi Car Sevices reported 33% increase in first quarter income, boosted by car rental and car services, while UCAR aims to raise $2 billion for its e platform for car dealing.
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