Chinese hotel group GreenTree sees a 33% drop in Q1 revenue
2020/6/6 0:35:19
GreenTree Hospitality, a major hotel company in China, reported that its first-quarter revenue dropped 33% this year to RMB 157 million (USD 22 million), having been severely impacted by the outbreak of COVID-19. Net income decreased 110.6% to a net loss of RMB 14 million (USD 2.0 million).
RevPAR plummeted 44.1% to RMB 71 and occupancy declined to 47.3% in the quarter.
Author:管理员
Hangzhou Tower Hotel traffic info
Business zone:Wulin Square and nearby (city center)
Area:xiachengqu
Address:Zhejiang · hangzhou · xiachengqu - No.21 Wulin Square (Check-in on 7F, Building A) Xiacheng District Hangzhou China