GreenTree hit by travel slowdown, restaurant overhaul
The budget hotel operator’s revenue fell 7.1% in the first quarter, as gains for its core hotel business were wiped out by an overhaul for its newer restaurant operation Key…
Can pillow sales prop up Atour’s soft stock?
Investors were unimpressed by the hotel operator’s strong first-quarter profit growth, reflecting continued caution about the company's prospects Key Takeaways: Atour’s first-quarter profit surged more than 14-fold to nearly 260…
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…
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