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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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Milu Hotel Guangzhou traffic info

Business zone:Tianhe Software Park (near Weizhou) / Tianhe Park
Area:tianhequ
Address:Guangdong · Guangzhou · tianhequ - 275 West of Zhongshan Avenue (Zhongshan Dadao Xi) Tianhe District Guangzhou China