Search results for “performance economy”
Executives optimistic despite pressures in China
08/21/2019|6:14:20 PM|
Most major hotel companies reported softer revenue-per-available-room growth in China during the second quarter because of the ongoing U.S.-China trade war as well as protests in Hong Kong.
Ctrip takes global expansion to reduce risks from geographic uncertainties
09/10/2019|6:13:44 PM|
Trip.com has achieved "quite sustainable profitability" in Hong Kong, and is very close to break-even point in Japan and South Korea, according to CEO Jane Sun.
Sino-US aviation review: Passenger number rose 5% to 8.3 million last year
08/15/2019|2:10:50 PM|
Passenger number was growing slower than flight capacity in the first five months of 2019 between the world’s two largest economies.
Hotel monitor 2020 forecasts modest rate rises in the world’s key business centres
08/02/2019|5:33:31 PM|
Despite the added capacity, the sustained demand in Asia Pacific means rates are likely to increase. For example, Bangalore and Tokyo will see rates increase by 5% and 4%, respectively.
Huazhu net revenue increases by 10.4% to US$427 million in Q3
11/13/2019|9:40:27 AM|
Hotel turnover increased by 19% to RMB10 billion. Net revenues from leased and owned hotels were RMB2.1 billion, representing a 1.8% year-over-year increase.
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%.
Shenzhen airport sees jump in passengers as HK declines
09/17/2019|2:10:23 PM|
Shenzhen Airport reported an increase of 9.2% in passenger traffic in August while Hong Kong airport said it handled 12.4% fewer passengers in the month compared to the same period last year.
International tourism numbers and confidence on the rise
05/24/2019|6:17:32 PM|
UNWTO forecasts growth of 3% to 4% in international tourist arrivals in 2019.
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