Search results for “RevPAR”
Huazhu net revenue up 25% to $381 million, occupancy rate at 89.6% in Q2
08/23/2018|10:03:56 AM|
As of June 30, 2018, the number of hotel rooms in operation totaled 393,417, an increase of 9.4% from a year ago. Income from operations increased 53.2% year-over-year to $101.4 million for Q2.
GreenTree total revenues increases 20.3% in Q2 and 21.7% in H1
08/23/2018|6:45:25 PM|
The occupancy rate was 82.6% in the second quarter of 2018, a decrease of 0.6% year-over-year. RevPAR was RMB 136 in the second quarter of 2018, representing a 4.6% year-over-year increase.
Why offering local tours and activities is a huge revenue opportunity for hotels
08/11/2018|9:55:43 AM|
Hoteliers will not only increase occupancy, but also get incremental revenues and advantages over competitive set and the OTAs by offering local tours and activities bundled with hotel accommodations or offered as add‐ons.
Travelport beyond-air revenue continues to soar by 21% in Q2 2018
08/02/2018|11:37:58 PM|
Travelport net income reached $7 million in Q2 2018, Travel Commerce Platform revenue increased 9% to $638 million.
Chinese star-rated hotels record 60.58% occupancy rate
01/22/2018|9:38:30 AM|
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.
Marriott CEO: ‘We can deliver a better home-sharing product’
05/13/2018|10:04:17 AM|
Like AccorHotels and Hyatt, Marriott CEO says the company will focus on the higher end of the market because it’s a place where branding can make a difference.
Hotelier IHG doubles down on China, targets high-end hotel brands
05/10/2018|5:18:06 PM|
With a further 75,000 hotel rooms in the pipeline, China will soon account for a third of the group’s global portfolio.
China hotels to gross $796 billion in 2018 in accommodation and F&B services
04/13/2018|5:54:46 PM|
Hotel report projects that China’s hotel industry will gross RMB 5 trillion from accommodation and F&B services in 2018. Jinjiang, BTG Homeinns and HUAZHU have been identified as the three biggest hotel groups.
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