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Search results for “franchise”
Huazhu's RevPAR drops 58% to RMB 75 in Q1
04/24/2020
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2:56:42 PM
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The same-hotel occupancy rate declined 35.5 percent point in Q1.
Huazhu's net revenue rises 8.5%, same-hotel RevPAR down by 5.4%
03/27/2020
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8:19:48 AM
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Huazhu is expected to close 350-450 hotels, including planned closure of 300-350 hotels and special closure of 50-100 hotels impacted by COVID-19.
Chinese hotel group GreenTree has a net income of $13.3 million in Q2
08/14/2020
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11:08:06 AM
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The average daily room rate for all hotels in operation was RMB142, a decrease of 17.4% year-over-year.
Chinese hotel CEOs gear up for new normal, expect rebound by mid-Q2
03/28/2020
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9:08:22 PM
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Senior executives from Plateno Group’s Xana Hotelle, 7Days Inn and Vienna Hotel Co. believe that they have weathered the COVID-19 storm with apt financial planning, and by responding with compassion.
Hilton’s revenue plunges 77% in Q2 but sees growth opportunities in China
08/06/2020
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11:39:32 PM
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In Asia-Pacific, performance is largely driven by rebounds in both leisure and business transient travel in China, where occupancy is more than 60%.
InterContinental Hotels Group pre-close update
07/01/2020
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5:07:03 PM
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IHG expects to report a comparable RevPAR decline of 75% for Q2.
Wyndham Hotels reports a 50% drop in second-quarter revenue
07/29/2020
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2:28:13 PM
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Global comparable RevPAR declined 54% year-over-year.
Covid19 hotel development analysis: Jin Jiang
06/30/2020
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5:16:24 PM
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It reports there are 26 projects in progress as of 10 June 2020, with a further five developments on hold.
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