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Search results for “RevPAR”
Chinese hotel giant Huazhu Group reports 22.3% growth in 2018 revenue
03/15/2019
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9:04:59 AM
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For the full year of 2018, net revenues from leased and owned hotels were $1,087 million, representing a 17.9% year-over-year increase; net revenues from manachised and franchised hotels were $367.5 million, a 36.6% year-over-year increase.
GreenTree total revenues grow 21.4% to $137.4 million in 2018
03/14/2019
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7:56:10 PM
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In 2018, ADR was RMB164, an increase of 4.5% year-over-year; occupancy rate was 82.1%, a decrease of 0.5% year-over-year; RevPAR was RMB135, representing a 3.8% year-over-year increase.
Chinese star-rated hotels record 60.58% occupancy rate
01/22/2018
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9:38:30 AM
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Some 10,065 star-rated hotels in China reported totaled operating incomes of 53.808 billion yuan in the third quarter of 2017, of which 26.242 billion yuan, or 48.77%, was room revenues.
What a healthy Hilton says about the hotel industry now
02/14/2019
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6:22:35 PM
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Hilton’s Web Direct channels of all types grew three times the rate of other channels.
Accor rebrands and launches a new loyalty program
02/22/2019
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6:02:59 PM
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Accor spends $700 million a year on sales and marketing while Marriott spends $4 billion and Hilton more than $2.2 billion, Accor intends to catch up with what competitors spend.
Hotel revenue management: solutions, best practices, revenue manager’s role
01/06/2019
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11:20:51 AM
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While revenue management is focused on the whole revenue of a business, including ancillary revenue and spending, yield management focuses on the price and the volume of sales.
All you need to know about hotel guest loyalty
01/18/2019
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3:43:55 PM
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There’s a lot of talk in the travel industry these days that travelers aren’t loyal to hotel brands anymore; it’s all about price and perks. But is this really true? Does hotel guest loyalty exist without paying for it—and if so, how?
Travelport net income decreases 93% to $3 million in Q4 2018
02/22/2019
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10:53:32 PM
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Travelport net income reached $75 million in 2018. Travel Commerce Platform revenue increased 5% to $2,454 million.
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