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Search results for “hotel ADR”
Hotel giant Huazhu reports 25.4% revenue rise, $73 million net loss for 2021
03/24/2022
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3:22:41 AM
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2021 was another challenging year due to COVID-19, especially in the second half.
Corporate spend unicorn raise $140M; Ice-and-snow sector attracts $535M funding | Daily Brief
02/17/2022
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11:54:08 PM
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Hong Kong's offline and virtual events platform EventX secures $18M; China hotel rates higher than 2019 level during Lunar New Year.
Hilton results top estimates as holiday travel boosts hotel occupancy
02/17/2022
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3:59:42 PM
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Systemwide ADR in the fourth quarter of 2021 was down 2.6% from 2019 level.
GreenTree Hospitality reports over 13% increase in gross profit for Q3 2021
01/13/2022
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4:50:30 PM
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The average daily room rate for all hotels in operation was RMB 163, an increase of 7.7% from RMB151 in the third quarter of 2020.
A class tale: Luxury hotels around the world
12/16/2021
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10:15:30 AM
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China shows 42,055 luxury chain rooms under development, a number that would produce a 35% supply increase in the market if all those rooms are completed.
Huazhu Group net loss narrows for the third quarter of 2021
11/25/2021
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2:51:50 PM
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The occupancy rate for all Legacy-Huazhu hotels in operation was 71.9% in the third quarter of 2021, a decrease of 10 percentage points from the same period of 2020.
Shifts in marketing department expenditures reveals changes in tactics during recession
11/17/2021
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3:47:15 PM
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Despite rising levels of revenue, sales and marketing department expenditures are still on the decline for most of the property types.
Marriott hits profit setback due to delta variant
11/04/2021
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1:52:41 PM
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Marriott reported a USD 220 million profit for the third quarter, a drop from the USD 422 million profit seen in the second quarter.
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