Search results for “occupancy rate”
Unspoken truths: canceling and re-booking for a better rate
11/14/2017|5:49:55 PM|
There have been reports of many guests canceling and re-booking their hotel rooms to achieve better rates, so how does this impact hoteliers and what can they do about it?
BTG reports 550 million yuan net profit in first 3 quarters of 2017
11/01/2017|1:18:49 PM|
BTG Hotels registered 40.15% increase in operating revenue to RMB 6.312 billion in the first nine months of the year. The net profit attributable to the parent company was RMB 550 million, up 250.9%.
BTG Hotels’ operating income rises 71.33% YoY to ¥3.988 billion
08/31/2017|9:45:57 AM|
BTG Hotels reported operating income of ¥3.988 billion in H1 2017, an increase of 71.33%; net profit attributable to the parent company grew ¥227 million to ¥241 million, an increase of 1626.29%.
Finnair boosts ancillary sales with omni-channel and predictive analytics
09/27/2017|7:04:48 PM|
After partnering Alipay on in-flight payment, working with TravelSky on GDS-based ancillary sales, Finnair plans to bring its chatbot to WeChat and leverage predictive analytics for ancillaries growth.
China Lodging expects 23%-26% revenue growth with Crystal Orange acquisition
08/17/2017|8:00:45 PM|
China Lodging Group (Huazhu) raises net revenues growth range to 23%-26% given the consolidation of its Crystal Orange Hotel acquisition and better-than-expected performance in 2017.
Homestay management platform “Ebnb” raises RMB 20 million
08/15/2017|11:54:56 AM|
Ebnb applies its specialized management capabilities to standardize the quality of homestay hardware and service in answer to prevalent issues of C2C homestay platforms.
China Lodging's net revenues grow 10.8% in Q1 2017
05/11/2017|7:36:20 AM|
China Lodging Group posted net revenues of USD 231.4 million in the first quarter of 2017, up by 10.8% YoY. Net income attributable to company rose from RMB 69.4 million in Q1 2016 to RMB 148.1 million (USD 21.5 million).
China's star-rated hotels post 54.4 billion yuan revenue in Q4 2016
04/20/2017|1:48:11 PM|
Star-rated hotels in China registered an aggregate of RMB 54.43 billion operating revenues in the fourth quarter of 2016. Guestroom revenue was RMB 24.49 billion and average occupancy was 56.6% in the quarter.
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