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H World strengthens its direct bookings pie

H World strengthens its direct bookings pie

Direct bookings through H World CRS (central reservation system) increased from 47% to 62% of the 2019 level in Q1 this year.

06/01/2023|1:46:37 PM|Ritesh Gupta, ChinaTravelNews
Chinese hotel giant H World registers 67% rise in Q1 revenue

Chinese hotel giant H World registers 67% rise in Q1 revenue

For Legacy-Huazhu business, RevPAR in Q1 2023 recovered to 118% of the Q1 2019 level.

05/30/2023|11:46:28 AM|ChinaTravelNews
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
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