Delonix’s new Marriott tie-up hints at re-listing attempt post-pandemic
The high-end hotel operator, which delisted from Hong Kong in 2021, said it could open up to 100 boutique-style hotels from Marriott’s Tribute Portfolio brand over the next few years…
FAST NEWS: H World returns to black, forecasts slowing revenue growth
The latest: Hotelier H World Group Ltd. (HTHT.US; 1179.HK) announced last Friday it recorded a net profit of 1.31 billion yuan ($183 million) in the third quarter, reversing a net loss of…
Atour shines on tourism rebound, but ‘revenge travel’ likely to be fleeting
The hotel operator’s revenue per available room (revpar) rose above pre-pandemic levels in the first quarter, but the figure is likely to soften through the rest of the year Key…
FAST NEWS: H World’s revenue per room tops pre-pandemic levels
The latest: Hotelier H World Group Ltd. (HTHT.US; 1179.HK) announced Tuesday that revenue per available room (Revpar) for its legacy Huazhu business in the first quarter recovered to 118% of…
Atour gets set for ‘revenge travel’ with major expansion plan
The high-end hotel operator said it plans to have 2,000 hotels in operation by the end of 2025, more than double the 932 at the end of last year Key…
Chinese Companies Raise Big Bucks in New York, Hong Kong
Eight U.S.- and Hong Kong-listed Chinese companies have collectively raised more than $2 billion this month, mostly through new share issuesKey Takeaways:Eight Chinese companies have collectively raised more than $2…
Rebounding Atour Nears IPO Finish Line With Slashed New York Offering
The upscale hotel operator’s ninth updated prospectus for a U.S. listing lowers its fundraising target to $62 million from previous $350 millionKey Takeaways:Atour has slashed the fundraising target for its…