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Search results for “RevPAR”
BTG reports 550 million yuan net profit in first 3 quarters of 2017
11/01/2017
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1:18:49 PM
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BTG Hotels registered 40.15% increase in operating revenue to RMB 6.312 billion in the first nine months of the year. The net profit attributable to the parent company was RMB 550 million, up 250.9%.
Holiday Inn owner IHG buoyant in China and Europe
10/23/2017
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9:25:03 AM
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Robust demand in China and Europe helped InterContinental Hotels open the most rooms in a third quarter since 2010.
Car Inc. ups 31% year on year in car rental revenue
11/22/2017
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10:50:10 AM
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For the nine months ended September 30, car rental revenue was RMB 2,838 million, an increase of 31% YoY. Net profit was RMB 662 million, compared with RMB 1,388 million in the same period of 2016.
Jin Jiang Hotels increases its stake in Plateno Group to 93%
10/24/2017
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12:44:15 PM
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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.
RevPAR in China’s hotel industry grows only 1.4% in first eight months of 2015
10/20/2015
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5:25:06 PM
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The Chinese hotel market in major cities began to make a recovery in 2014 after a cooldown in demand in 2013 and this recovers has spread to most cities in 2015.
Hotel room glut drives down room rate and revenue in China
08/03/2016
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10:01:40 AM
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Hotel chains over-expansion has caused four in ten hotel rooms in China staying empty and is driving down room rate and RevPAR.
BTG Hotels’ operating income rises 71.33% YoY to ¥3.988 billion
08/31/2017
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9:45:57 AM
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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
08/17/2017
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8:00:45 PM
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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.
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