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Search results for “RevPAR”
China Lodging Group's net revenues rise 13.2% in 2016
03/15/2017
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6:18:37 PM
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China Lodging Group (Huazhu Hotels) reported net revenues of RMB 6,538.6 million (USD 941.8 million) in 2016, up by 13.2% YoY, in line with the guidance previously announced.
Hostel brand ShiLiLi raises RMB 100 million
02/14/2017
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9:18:45 AM
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Honeymoon accommodation and hostel brand ShiLiLi announced in a Shenzhen press conference today that the company received RMB 100 million last November.
Data on its own isn’t enough, make it part of an organization’s culture
02/09/2017
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3:29:24 PM
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Data alone cannot provoke change - rather accessibility, acting on it, customer support, training, incentivizing employees and ending up with the development of a customer-centric culture is key, says RJ Friedlander, CEO of ReviewPro.
ADR growth continues to lag expectations despite peak occupancy levels, says PwC Us
11/13/2015
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7:38:15 PM
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An updated lodging forecast released today by PwC US expects RevPAR growth in 2015 to be driven more by occupancy than previously expected, as ADR growth continues to look for a firm footing.
Chinese hotel rates drop despite rising demand
12/23/2016
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3:02:32 PM
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Latest data from STR shown that nationwide occupancy increased 5.1% last month. This followed an 8.6% jump in demand for rooms, which significantly outpaced a 3.3% expansion of supply.
Five-star hotels have the highest occupancy rate in Q3 2016
01/10/2017
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2:36:56 PM
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In Q3 of 2016, there are altogether 10,488 hotels were audited provincial tourism administrations. Five-star hotels in 16 provinces had higher average occupancy rate than the national average of 62.24%.
It’s not just about big data, leverage small data, too
01/05/2017
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9:17:34 AM
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Small data results from internal resources like PMS, channel manager, website etc. Hotels need to consider the quality and utility of small data, before looking deep into big data, intelligence and analytics.
Is Airbnb responsible for the softening in New York RevPAR?
02/12/2015
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8:50:18 AM
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A recent analyst report from Credit Suisse suggests that Airbnb has put downward pricing pressure on hotels in New York City.
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