Overseas losses put wrinkle in H World’s welcome mat
The hotel operator’s overseas revenue grew last year, but its widening losses sharply dragged down the company's overall profit Key Takeaways: H World reported its profit dropped nearly 27% in…
Big-Name Banks Test Out Climate for Chinese U.S. Listings with Atour Application
High-end hotel operator relaunches its U.S. listing plan to raise more than $300 million, with Citigroup and BofA Securities as lead underwriters Key Takeaways: Atour could become the biggest U.S.…
Huazhu Ends 2021 with Omicron Hit, Seen Lingering Into 2022
The hotel operator is facing headwinds from the latest Covid-19 flare-up, whose impact is likely to affect its first quarter results Key takeaways: Huazhu Group is predicting greater uncertainties for…
Huazhu Founder Steps Down as CEO a Third Time, as Hotelier Bounces Back from Covid
Ji Qi’s resignation as CEO comes as leading Chinese hotel operator reports strong rebound in first half of 2021 Key Takeaways: Huazhu founder Ji Qi is stepping down as the…
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