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Search results for “RevPAR”
Mainland China accounts for 37% of Shangri-La's properties revenue in H1 2019
09/23/2019
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5:35:36 PM
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Total revenue from Mainland China hotel properties for the first half of 2019 decreased 8.4% to USD 380.4 million, accounting for around 37% of the company's hotel properties revenue during the time.
Hong Kong hotels witness all-time low occupancy at 63.9%
09/17/2019
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5:10:59 PM
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Hong Kong reported a massive decline in hotel demand at 28.8% with average occupancy for August dropping 29.8% to 63.9%; competition increased as hotel supply rose 1.5%.
Executives optimistic despite pressures in China
08/21/2019
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6:14:20 PM
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Most major hotel companies reported softer revenue-per-available-room growth in China during the second quarter because of the ongoing U.S.-China trade war as well as protests in Hong Kong.
How outsized supply growth is affecting Chinese hotels
08/13/2019
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6:05:36 PM
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For the first time since 2016, STR data shows mainland China supply growth outpacing demand growth, leading to occupancy declines.
Huazhu net revenue increases by 13.4% to US$417 million in Q2
08/22/2019
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9:09:12 AM
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Hotel turnover increased by 18% to RMB8.8 billion. Net revenues from manachised and franchised hotels were RMB803 million (US$117 million), representing a 30.4% year-over-year increase.
GreenTree revenues climbed 21.6% in Q1, occupancy dropped by 1.5 percentage points
08/16/2019
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5:53:42 PM
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Total revenues grew 21.6% thanks to addition of 134 hotels, improved RevPAR, membership growth, and the consolidation of the Argyle's results of operation.
U.S.-China trade war hurts Accor but it won’t deter Asia expansion
08/01/2019
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5:26:32 PM
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RevPAR in China fell 1.3 percent, and RevPAR for Asia-Pacific declined 0.2 percent.
Forrest Zhang joins Hotelbeds as Managing Director for China
09/06/2019
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1:51:01 PM
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The recruitment of Forrest will allow Hotelbeds to further strengthen its position as the world’s leading bedbank.
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