Coupon Code: 59394 ENGLISH | 简体中文

Tourism News Share wonderful travel information

booking

Upscale hotel group New Century reports a 144.1% jump in EBITDA

2020/3/22 22:06:01
Zhejiang New Century Hotel Management reported that its revenue for 2019 rose 7.2% to RMB1,928.0 million and that its EBITDA climbed 144.1% to RMB741.9 million. Gross profit was RMB565.0 million, up by 20.7%. Net profit was RMB205.0 million, 8.4% more than the previous year.

The Chinese hotelier which is invested by Trip.com Group said earlier that it suspended operations at five properties for 38 days due to the coronavirus, causing a downward adjustment of the base rent by RMB 20.77 million in aggregate from RMB 200.00 million to RMB 179.23 million.
Author:管理员

Prev: COVID-19 hits January passenger demand

Next: Travelers fleeing global pandemic bid for limited flights to China

Back

Pazhou Hotel Guangzhou traffic info

Business zone:Near Pazhou International Exhibition Center
Area:haizhuqu
Address:Guangdong · Guangzhou · haizhuqu - No.37 Xingang East Road Haizhu District Guangzhou China