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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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Nanjing International Conference Hotel traffic info

Business zone:Dr. Sun Yat-sen Scenic Area
Area:xuanwuqu
Address:江苏省 · Nanjing · xuanwuqu - Near Guohui Avenue (No.2 Sifang Cheng) Xuanwu District Nanjing 210014 China | 1.38km from Metro Station:Muxuyuan Dajie