Atour glides as economic slowdown fails to dent Chinese travel demand
The mid- to upscale hotel brand’s revenue rose 93% in the third quarter, as nearly all of its major metrics exceeded pre-pandemic levels Key Takeaways: Atour’s revenue nearly doubled and…
Why investors are waiting to check into GreenTree Hospitality
After a big rally for its stock in July as the hotel operator added restaurants to its business menu, the company’s latest financial results received a more cautious reception Key…
FAST NEWS: H World’s revenue per room reaches 121% of pre-pandemic levels
The latest: Hotel operator H World Group Ltd. (HTHT.US; 1179.HK) reported Tuesday that revenue per available room (Revpar) for its legacy Huazhu business in the second quarter reached 121% of pre-pandemic levels in 2019.…
GreenTree attracts investors with new green shoots
The hotel operator returned to strong growth in the first quarter, as it closed its purchase of two restaurant chains with strong potential as a new revenue source Key Takeaways:…
Struggling European unit tramples on H World’s post-Covid rebound
Four years after H World’s purchase of Deutsche Hospitality, the European asset continues to post significant losses, despite a post-pandemic recovery Key Takeaways: H World Group’s revenue rose 67% in…
FAST NEWS: H World Raises $260 Million in Share Placement
The latest: Hotelier H World Group Ltd. (HTHT.US; 1179.HK) on Tuesday announced it will raise $260 million by selling 6.19 million American depositary shares (ADSs), or about 1.95% of its enlarged share capital,…
Fast News: H World Group Appoints New CFO
The Lastest: Hotelier H World Group Ltd. (HTHT.US; 1179.HK) announced last Friday it promoted He Jihong from CEO of its international business to its new CFO. Looking Up: He joined the…