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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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Phoenix City Hotel Guangzhou traffic info

Business zone:Zengcheng Xintang / Baishui Village / Hanging Green Square
Area:zengchengshi
Address:Guangdong · Guangzhou · zengchengshi - Xintang Section, Guangyuan East Road (Phoenix City) Zengchengshi District China