The hotel industry is leading the recovery, and the leading Group deserves attention
With tourism being a critical aspect of post-pandemic consumption, the hotel industry will play a significant role in restoring and expanding consumption.
- With tourism being a critical aspect of post-pandemic consumption, the hotel industry will play a significant role in restoring and expanding consumption.
- Hotel turnover surged by 10.5% year-over-year to RMB13.1 billion in Q4-22 and increased 9.3% year-over-year to RMB49.6 billion for FY22.
- The Group exercised reasonable cost control measures, achieving a rental reduction of about RMB300 million in 2022.
- In the highly competitive hotel industry, hotels can only maintain the leading position in the market by providing differentiated services.