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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:Huashan District Downtown Area
Area:huashanqu
Address:Anhui · Maanshan · huashanqu - No. 3200 Taibai Avenue, Huashan District, Ma'anshan, China

Wanda Realm Maanshan reserve:020-86009099 (CouponCode:12675) Busy or no answer, online booking please!
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Wanda Realm Maanshan address: No. 3200 Taibai Avenue, Huashan District, Ma'anshan, China

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