Search results for “occupancy”
GreenTree reports 20.1% rise in revenue, 1.3 percentage points drop in occupancy
11/21/2019|4:15:30 AM|
ADR was RMB 174, an increase of 4.2% year-over-year. Occupancy rate was 85.9% in the third quarter, compared with 87.2% in the third quarter of 2018.
Hong Kong hotels witness all-time low occupancy at 63.9%
09/17/2019|5:10:59 PM|
Hong Kong reported a massive decline in hotel demand at 28.8% with average occupancy for August dropping 29.8% to 63.9%; competition increased as hotel supply rose 1.5%.
GreenTree revenues climbed 21.6% in Q1, occupancy dropped by 1.5 percentage points
08/16/2019|5:53:42 PM|
Total revenues grew 21.6% thanks to addition of 134 hotels, improved RevPAR, membership growth, and the consolidation of the Argyle's results of operation.
How outsized supply growth is affecting Chinese hotels
08/13/2019|6:05:36 PM|
For the first time since 2016, STR data shows mainland China supply growth outpacing demand growth, leading to occupancy declines.
Huazhu: occupancy rate at 86.9%, net revenue to rise 13%-15% in Q2
07/17/2019|11:41:28 AM|
Same-hotel operational data for midscale and upscale hotels dropped during the quarter.
As Airbnb grows, this is exactly how much it’s bringing down hotel prices and occupancy
05/30/2019|6:07:06 PM|
Research shows that every 1% increase in the number of Airbnb properties decreased the average revenue per room by 0.02%.
A 12-year review of high-end chain hotel development in mainland China
04/24/2019|4:30:57 PM|
The opening of new high-end chain hotels has accelerated in mainland China’s major markets since 2007.
Sharp demand growth drives record-high occupancy for U.S. airport hotels
04/11/2019|4:55:00 PM|
The ADR of U.S airport hotel may be affected by “contract” business and the lack of pricing power during weekends and thus grows below the overall market average.
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