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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

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Business zone:Jianhua District Government
Area:jianhuaqu
Address:Heilongjiang · Qiqihaer · jianhuaqu - No.1 Xinjiang Road Jianhua District Qiqihar China

Wanda Realm Qiqihar reserve:020-86009099 (CouponCode:15293) Busy or no answer, online booking please!
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Wanda Realm Qiqihar address: No.1 Xinjiang Road Jianhua District Qiqihar China

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