Search results for “performance economy”
China’s hotel markets remain strong amidst US trade war
01/13/2020|2:53:33 PM|
STR’s report forecasts key hotel markets in Mainland China will continue a 3.7% increase in RevPAR and 1.8% in ADR.
Hong Kong Disneyland Resort revenue reaches HK$6.0 billion, hotel occupancy stands at 74% in FY19
03/17/2020|4:14:57 PM|
Full year EBITDA was down 17% to HK$1.1 billion, resulting in a net loss of HK$105 million.
OYO’s Chinese rivals merge amid coronavirus outbreak
03/11/2020|10:09:44 AM|
The IDG Capital-invested H Hotel has signed up a total of 2,500 hotels as of 2019, while Huazhu’s Elan Hotel has contracted over 600 properties.
Virus may cost 75M travel jobs; Forward bookings show dramatic rebound | Weekly Review
03/28/2020|9:54:45 PM|
Hotel giant leverages equity investments to grow profit significantly last year; Chinese visitors to Japan plunge 87.9% in February.
Global hotel transaction volumes in 2019 reach USD 66 billion
03/13/2020|12:15:51 PM|
Asia Pacific hotel transaction volume increased 44% yoy to USD 12.7 billion in 2019, exceeding previous projections of a 25-30% increase.
IHG sees occupancy rise in Greater China; Chinese airlines have lost $3.1B | Daily Brief
03/24/2020|11:09:30 PM|
The gradual resumption of business in China has not helped domestic airlines make ends meet; Tokyo Olympics is postponed to 2021.
Coronavirus: Preliminary impact on hotel performance
02/05/2020|3:57:11 PM|
Tourism Economics noted a potential 28% drop in visits to the U.S. from China in 2020, a loss of 4.6 million hotel room nights sold and $5.8 billion in visitor spending.
Hotel markets throughout Asia Pacific show coronavirus impact
02/26/2020|1:07:22 PM|
Macau saw the steepest occupancy decline (-97%), falling from absolute level of 96% to just 3% between 6 January and 16 February.
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