Search results for “decline”
Room rates plunge as Shanghai luxury hotel glut continues
04/10/2015|9:24:28 AM|
Shanghai is experiencing a glut of premium hotels and the hotel industry will face a high vacancy rate if investments in new hotel projects continue unchecked.
Mainland tourism to Hong Kong hard hit in Q1 2015
05/05/2015|9:59:43 AM|
Hong Kong received 10% fewer mainland tour groups during the last May Day weekend and hotels in the city were only filled to 70%-80% .
Low yen propels Japan ahead of Korea in attracting Chinese tourists
04/27/2015|9:39:19 AM|
The Japanese yen has fallen to a seven year low against the Korean won, fueling the Japan craze among Chinese tourists at the expense of arrivals to Korea.
China Southern’s 2014 annual revenue up 10.38% while profits continue slide
04/01/2015|12:08:02 PM|
China Southern is the only one one of the five major listed Chinese carriers with decreasing profitability. Its decline has lasted for two years.
BTG Hotels annual profit drops 4.66% in 2014
04/02/2015|10:25:25 AM|
BTG Hotels’ annual revenue and net profit fell last year, at 5.87% and 4.66% respectively to RMB2.791 billion and RMB112 million.
Embracing the digital transformation in China’s travel market
03/25/2015|10:19:49 AM|
To gain a better position in this eco-system, airlines have to embracing the digital transformation to refine their business model as well as the way they deal with customers and partners.
Chinese tourists made 1.1 million trips to Russia in 2014
03/19/2015|6:10:45 PM|
China has overtaken Germany as the top visitor source market to Russia with 1.1 million arrivals last year as recorded by the Border Service of Russia.
Home Inns: Protecting margin and managing growth in a soft environment
03/13/2015|4:05:58 PM|
Home Inns & Hotels Management CEO David Sun is optimistic about the long-term perspective of the travel and lodging market in China.
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