Search results for “quarterly report”
Ctrip rival Meituan sells 209.6 million hotel room nights in 9 months
11/22/2018|7:21:26 PM|
Meituan has sold a total of 209.6 million domestic hotel room nights in the first three quarter of 2018. By comparison, the company marked 200 million room nights stayed on December 26, 2017.
Major Chinese airlines report drop in profits due to currency depreciation and rising costs
10/31/2018|3:43:52 PM|
China Eastern Airlines reported a 38% drop in net profit for in the third quarter. Hainan Airlines saw a 90% year-on-year tumble in operating profit to $33.5 million.
Booking.com is promoting its home listings while expanding partnerships in China
12/02/2018|7:21:30 AM|
As one of the largest travel e-commerce companies in the world, Booking.com is playing catch up in homes category by showcasing more homes and apartments than traditional accommodations.
Ctrip unfazed by macro uncertainty, rather primed for further growth
11/12/2018|3:54:18 PM|
Asserting that Ctrip historically has outpaced China's GDP growth by a factor of four, the senior management believes the future remains bright, bolstered by robust position in the domestic market and ability to capitalize on opportunities presented by globalization.
Ctrip shows how to attain multiple benefits from superlative service quality
09/07/2018|7:46:54 PM|
The Chinese online travel giant has taken a series of initiatives to support a traveler’s journey, and this is also helping in cutting down on cost of revenues.
China’s star-rated hotels report Q1 revenue at ￥48.711 billion
08/23/2018|8:22:33 AM|
In Q1, the average room rate (ARR) of all star-rated hotels was RMB 343.13 per room night, average occupancy rate (AOR) was 50.55% (+0.35pp), and revenue per available room (RevPAR) was RMB 173.45 (1.77%).
Ctrip eyes Asian and global presence with Trip.com’s diversifying services
08/01/2018|7:58:26 AM|
The company is blazing a globalization trail through localizing its services in its targeted destinations, starting with the flourishing Asian neighbors.
China finds India’s OYO add 25,000 guest rooms in a month
08/08/2018|8:56:14 AM|
In July alone, OYO Rooms signed about 400 franchisees and added more than 25,000 rooms in China.
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