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Hotel group Atour Lifestyle posts over 70% rise in first-quarter revenue

Hotel group Atour Lifestyle posts over 70% rise in first-quarter revenue

Retail and related incomes accounted for 18% of Atour's total revenue in the quarter.

05/19/2023|10:17:38 AM|ChinaTravelNews
Wyndham Hotels & Resorts posts 15.6% decrease in net revenue in Q1

Wyndham Hotels & Resorts posts 15.6% decrease in net revenue in Q1

The world’s largest hotel franchisor registered 10% growth in its direct franchising business in China.

05/02/2023|3:55:33 PM|ChinaTravelNews
Atour Lifestyle aims to operate 2,000 hotels by 2025

Atour Lifestyle aims to operate 2,000 hotels by 2025

The Chinese hotel group reported a net loss of USD 12 million for Q4, but a net income of USD 14 million for full year 2022.

03/30/2023|8:27:15 PM|ChinaTravelNews
Hotel giant H World posts 10.7% revenue increase for Q4, net loss narrows to $19 million

Hotel giant H World posts 10.7% revenue increase for Q4, net loss narrows to $19 million

H World expects its YoY revenue growth to be in the range of 61%-65% in 2023 Q1.

03/27/2023|8:54:17 PM|ChinaTravelNews
Club Med owner Fosun Tourism narrows annual loss to $77 million in 2022

Club Med owner Fosun Tourism narrows annual loss to $77 million in 2022

The business volume of Club Med in Mainland China recovered to 54.3% of that of the same period in 2019.

03/27/2023|11:07:17 AM|ChinaTravelNews
H World Group sells its shares in Accor, both companies to continue partnership

H World Group sells its shares in Accor, both companies to continue partnership

After this transaction, H World Group no longer owns any stake in Accor.

03/02/2023|9:31:28 PM|ChinaTravelNews
Marriott International appoints Yibing Mao as president of Greater China

Marriott International appoints Yibing Mao as president of Greater China

Ms. Mao will report to Chief Executive Officer, Anthony Capuano.

02/25/2023|7:13:43 PM|ChinaTravelNews
Dusit plans a post-pandemic recovery campaign in China

Dusit plans a post-pandemic recovery campaign in China

The Thailand-based hotel chain is evaluating changes in guest behavior, performance marketing, and influence marketing, as the team gears initially target the lower end of the booking funnel.

02/16/2023|4:47:31 PM|ChinaTravelNews
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