The latest fiscal quarter "RevPAR" is under pressure. Huazhu CEO Jin Hui: The hotel industry is becoming more rational
凉亭之中净
发表于 2024-12-7 01:23:32
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During the third quarter earnings conference call, Huazhu Group CEO Jin Hui admitted that the decline in Huazhu China's RevPAR in the third quarter was mainly affected by weak business market growth. Although the overall OCC (occupancy rate) maintained steady growth, the ADR (average daily room rate) of domestic mid to high end hotels declined significantly, which affected the overall ADR. He stated that it is expected that RevPAR will continue to decline in the fourth quarter, but the downward trend will narrow.
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Disclaimer: The views expressed in this article are those of the author only, this article does not represent the position of CandyLake.com, and does not constitute advice, please treat with caution.
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