Airline tickets are temporarily diving, hotel prices are rising again, and inbound and outbound travel is hot! Regulatory requirements in many places regulate operations
The countdown to this year's “May Day” holiday is in its final stages. When traveling during the holidays, transportation and accommodation costs are topics that can never be circumvented. Shortage of supply of high-speed rail, flights, and hotels due to concentrated tourist travel is the focus of recent netizens' comments.
Express News | Where to go: The number of hotel reservations in popular cities on the platform nearly doubled year-on-year
HARBOUR CENTRE: Annual Report 2023
Harbour Centre Development's 2023 Loss Narrows on Higher Revenue
Harbour Centre Development's (HKG:0051) attributable loss narrowed to HK$107 million, or HK$0.15 per share, in 2023, from HK$197 million, or HK$0.28 per share, in 2022, according to a Tuesday filing w
Seaport Enterprises (00051) announced annual results, and losses attributable to shareholders of HK$107 million narrowed by 45.69% year-on-year
Seaport Enterprise (00051) announced its 2023 annual results. The group achieved revenue of HK$1,579 billion, compared with...
HARBOUR CENTRE: 2023 Final Results Announcement
Performance returned to pre-pandemic levels The average occupancy rate of Hong Kong hotels during the Spring Festival was 93.4%
The Zhitong Finance App learned that the Hong Kong Hotels Association said that during the eight-day Lunar New Year holiday, the overall performance of Hong Kong hotels was outstanding. The overall average occupancy rate of hotel rooms was 93.4%, a slight decrease of 0.4 percentage points from the same period in 2019; the average room rate was HK$1,715, up 6% from 2019. Chairman Wong Chak-fung of the association hopes that the Hong Kong government will strengthen its integration into local regional projects with local cultural characteristics and cooperate in implementing vibrant “day and night fun” activities to attract international and mainland tourists. Wong Chak Fung said that Hong Kong hotels currently offer more than 90,000 rooms.
Seaport Enterprise (00051.HK) held a board meeting on March 5 to approve the issuance of annual results
Gelonghui, Feb. 22 | Seaport Enterprise (00051.HK) announced that the company will hold a board meeting on March 5, 2024 (Tuesday) to approve (among other things) the issuance of the company's annual results announcement for the year ended 31 December 2023 and to consider paying a dividend (if any).
HARBOUR CENTRE: Date of Board Meeting
CICC: Downward Expansion and Upward Breakthrough in China's Hospitality Industry
The Zhitong Finance App learned that CICC released a research report saying that while recovering their performance in 2023, leading hotel companies are actively exploring new directions to bring long-term growth momentum: focusing on the two paths of “downward expansion” and “upward breakthrough.” It is recommended to pay close attention to the downward penetration of leading hotel chains into low-tier cities and the continuous upgrading of upward product brands, so as to explore the long-term growth space of leading companies. ▍ The main view of CICC is as follows: “Downward”: Both supply and demand sides of the sinking market have created new variables, and leading chains are expected to continue to expand their stores downward. 1) Supply side: The sinking market has some existing hotels or products that have been renovated and renovated
Express News | CITIC Securities: Continued Verification of Hot Consumption and High Prosperity in the Travel Market
Express News | Tongcheng Travel Big Data: The number of hotel reservations in popular counties increased by more than 120% year-on-year in the first four days of the Spring Festival
Vancouver's Iconic Harbour Centre Launches New Meet-Me-Room, a Bold Step in Reimagining the Region's Digital Future
VANCOUVER, BC, Jan. 22, 2024 /PRNewswire/ -- Harbour Centre, a cornerstone of western Canada's digital landscape, proudly announces the unveiling of Meet-Me-Room 5 (MMR5), the inaugural step towards
Express News | CITIC Securities: Demand for travel is steady, expectations for the Spring Festival are heating up
Express News | Where to go: In 2023, the number of domestic air tickets and hotel reservations reached a record high
CICC Tourism Hotel & Restaurant 24-Year Outlook: Finding Excellent Business Models and Management Capabilities Through Cycles
CICC released a research report saying that since 2023, the recovery of the social service sub-industry has been divided, but the valuations of various sectors are already low. Looking ahead to 2024, the industry will maintain a steady recovery. It is optimistic about cost-effective brands and changes in experience-oriented consumption habits. At the same time, it is recommended to focus on investment opportunities in tracks and companies that replicate the long-term logic of expansion and refined management.
5.407 billion people generated 5.2 trillion dollars in revenue! Domestic tourism is expected to return to 90% of the time before the epidemic this year
The China Institute of Tourism Research (Data Center of the Ministry of Culture and Tourism) released the “China Tourism Group Development Report (2023)” at the “2023 China Tourism Group Development Forum”, predicting that the number of domestic tourists in 2023 will reach 5.407 billion yuan, and domestic tourism revenue will reach 5.2 trillion yuan, recovering to 90% and 91% in 2019, respectively.
Express News | Huafu Securities: The hotel industry remains resilient
Domestic tourism has returned to 780% of the level before the epidemic
The temperature is rising season by season.
Ministry of Commerce: Studying the Feasibility of Further Eliminating and Relaxing Foreign Stock Ratio Restrictions
Ministry of Commerce spokesman He Yadong revealed that since this year, German investment in China has achieved relatively rapid growth. Executives of multinational companies are generally optimistic about China's economic development prospects, are confident in investing in China, and are willing to continue to invest more in China and further cultivate the Chinese market. In the next step, the Ministry of Commerce will study the feasibility of further lifting or easing restrictions on foreign stock ratios to attract more global elements into the Chinese market.
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