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
Sheraton Grand Hangzhou Wetland Park Resort traffic info
Business zone：Xixi Wetland Scenic Area
Area：xihuqu
Address：Zhejiang · hangzhou · xihuqu - Xixi Heaven 1, Zijingang Road, Hangzhou., Xihu District, China
