Search results for “quarterly report”
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.
Huazhu Group ranked as world’s 4th highest value hotel group
06/28/2018|10:02:03 AM|
The Chinese hotel group had a market capitalization of around USD 12.8 billion as of June 26, trailing just behind Marriott, Hilton and Accor.
Hotel cloud-computing firm Titan completes C round financing
06/28/2018|10:16:14 AM|
Chinese hotel cloud-computing service firm Titan received around USD 15 million in its series C round funding. The company will use the proceeds to double down on technological innovation and business expansion.
CAR Inc. reports slight increase in three-quarter net profit
11/17/2016|6:56:39 PM|
CAR Inc. posted net profit of RMB 1,388 million in first three quarters and the company's chairman believes the new car-hailing rules are good for subsidiary UCAR.
Europe sees 35% growth in Chinese visitors, luxury travel need up by 39.2%
05/25/2018|8:41:31 AM|
In the first quarter of 2018, the number of Chinese tourists bound for Europe increased by 35% YoY, making Europe the second-most popular destination with a 9% market share, second only to Asia.
How to attain digital success in China? 8 key takeaways from ITB China
05/28/2018|2:03:44 PM|
It is imperative for foreign companies to best allocate their resources in China, work out presence on preferred channels, distribution strategy and make sure their brands remain true to what they stand for.
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