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H World shows faith in lower-tier cities residents’ spending power

H World shows faith in lower-tier cities residents’ spending power

Lower-tier cities in China offer a massive growth potential, especially considering the fact that around 70% of China’s population resides in these locations.

08/29/2023|3:35:34 PM|Ritesh Gupta, ChinaTravelNews
Chinese hotel giant H World posts 63.5% increase in Q2 revenue and raises expectation for the full year

Chinese hotel giant H World posts 63.5% increase in Q2 revenue and raises expectation for the full year

For Legacy-Huazhu business, RevPAR in Q2 2023 recovered to 121% of the Q2 2019 level.

08/24/2023|6:54:29 PM|ChinaTravelNews
Lifestyle hotel group Atour doubles its revenue in Q2

Lifestyle hotel group Atour doubles its revenue in Q2

Scenario-based retail revenues accounted for 19% of total revenues.

08/17/2023|8:09:34 PM|ChinaTravelNews
IHG reports 17% RevPAR growth, with China market contributing only 7% of revenue

IHG reports 17% RevPAR growth, with China market contributing only 7% of revenue

In Q2, the Greater China region's Revenue Per Available Room (RevPAR) doubled compared to the same period last year.

08/17/2023|2:53:06 PM|ChinaTravelNews
Marriott Q2 RevPAR more than doubles in Greater China, raises full-year guidance

Marriott Q2 RevPAR more than doubles in Greater China, raises full-year guidance

The 2023 net room growth rate is expected to be between 6.4% and 6.7%.

08/02/2023|7:30:47 PM|ChinaTravelNews
Accor sees solid activity growth in first half, raises full-year guidance

Accor sees solid activity growth in first half, raises full-year guidance

Demand is expected to remain strong for the coming months.

07/29/2023|7:02:44 PM|ChinaTravelNews
H World strengthens its direct bookings pie

H World strengthens its direct bookings pie

Direct bookings through H World CRS (central reservation system) increased from 47% to 62% of the 2019 level in Q1 this year.

06/01/2023|1:46:37 PM|Ritesh Gupta, ChinaTravelNews
Chinese hotel giant H World registers 67% rise in Q1 revenue

Chinese hotel giant H World registers 67% rise in Q1 revenue

For Legacy-Huazhu business, RevPAR in Q1 2023 recovered to 118% of the Q1 2019 level.

05/30/2023|11:46:28 AM|ChinaTravelNews
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