The performance of foreign-funded hotels in China declined in the second quarter: last year's high base caused fluctuations, and the fundamentals remain strong
网络@
发表于 2024-8-14 19:57:49
3161
0
0
Recently, several foreign hotel groups have disclosed their Q2 2024 financial statements.
Financial report data shows that Marriott International, Inc.,Nasdaq: MAR, Marriott, Hilton Worldwide Holdings Inc. (NYSE: HLT, hereinafter referred to as "Hilton"), Wyndham Hotels&Resorts; RESORTS,NYSE:WH, The operating revenue and net profit of Wyndham in the second quarter of this year both recorded year-on-year growth. Hyatt Hotels Corporation (NYSE: H, hereinafter referred to as "Hyatt") recorded a slight year-on-year decline of 0.12% in operating revenue in the second quarter, but the net profit attributable to the parent company increased by 427.94% year-on-year.
Pengpai News noticed that Hyatt's significant year-on-year increase in net profit during the reporting period was mainly due to the lack of real estate sales and other income recorded in the same period last year, while Hyatt recorded real estate sales and other income of approximately $350 million in the first half of this year.
Photo by Tang Yingying, a journalist from Pengpai News
In addition, according to the 2024 interim report data disclosed by InterContinental Hotels Group PLC (NYSE: IHG), the total revenue of InterContinental Hotels in the first half of this year was approximately $2.322 billion, a year-on-year increase of 4%; Operating profit of approximately 525 million US dollars, a year-on-year decrease of 10%; Adjusted earnings per share were 203.9 cents, a year-on-year increase of 12%.
From the indicators of the accommodation industry, the overall RevPAR (average rentable room revenue), ADR (average daily room rate), and occupancy rate of the global hotels under the above-mentioned foreign hotel groups all recorded year-on-year growth.
Marriott and Hyatt's RevPAR in the second quarter increased by 4.9% and 4.7% year-on-year, respectively.
Marriott International Group President and CEO Anthony Capuano said, "Marriott's Q2 performance was strong, with net room occupancy increasing by 6% year-on-year, global RevPAR growing by nearly 5%, and international RevPAR growing by over 7%. Investors' preference for our brand remains strong
However, it is worth noting that in terms of regions, Marriott, Hyatt, InterContinental, and Wyndham all recorded a year-on-year decrease in RevPAR for hotels in China in the second quarter, with Wyndham China's RevPAR decreasing by 17% year-on-year; The RevPAR of Marriott, Hyatt, and InterContinental hotels in China decreased by 4.6%, 3.2%, and 7% year-on-year, respectively.
Although Hilton did not separately disclose the accommodation industry indicator data for hotels in China, according to its disclosed data for the Asia Pacific region, the RevPAR of hotels in the Asia Pacific region increased by 0.9% year-on-year in the second quarter, the lowest growth rate among all regions.
In terms of daily average room rates, the ADR of Marriott, Hyatt, and InterContinental hotels located in China decreased by 5.9% year-on-year. 4.8% and 0.2%; In addition, the ADR of Hilton hotels located in the Asia Pacific region decreased by 0.2% year-on-year.
In terms of occupancy rate, the growth rate of foreign hotels in China is also the lowest among all regions, and the occupancy rate of InterContinental China hotels even recorded a decline of 1.3 percentage points.
Photo by Tang Yingying, a journalist from Pengpai News
Daniel Aylmer, CEO of InterContinental Hotels Group Greater China, commented on the performance of the Chinese market, saying, "In the first half of the year, we experienced some fluctuations in our performance in China, partly due to a high base in the first half of 2023. In a rapidly developing market environment, such fluctuations are normal. The fundamentals of the Chinese market remain very strong, with the world's largest travel population base, diverse tourism forms, and comprehensive government policy support. We continue to have a positive outlook on long-term development
Although the recovery of cross-border tourism naturally leads some Chinese tourists to choose overseas travel, we believe that this is also a positive signal for the domestic Chinese market, as it indicates that the consumption confidence and ability of Chinese consumers are gradually recovering, which shows the huge potential of the Chinese tourism market. The relevant data from the Ministry of Culture and Tourism this year also confirms our view: during several major holidays this year, the number of domestic tourism trips and total consumption not only exceeded the same period in 2023, but also returned to the same period in 2019. Macro data is highly consistent with the fact that our total revenue in the Chinese market continues to grow, "Emerson pointed out, InterContinental Hotels Group's long-term confidence in the market is also reflected in the solid trust of owners in our brand. In the first half of the year, the number of newly opened hotels in China increased by 49% year-on-year, and the signing volume increased by 38%. The cake is getting bigger and bigger. Therefore, despite various short-term challenges, we will actively adapt to the new development pattern of the Chinese market and continue to cultivate the market with localization strategies and operational models. The prospects of the Chinese market are still bright
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- Miniso has over 7000 global stores and will help 100 Chinese IPs go global in the future
- McDonald's China adds 640 new stores in the first three quarters of 2024, surpassing the same period in 2023
- NIO China increases capital to 7.43 billion yuan
- Lilly: The first and only non covalent (reversible) BTK inhibitor, Jeparil, has been approved in China
- Starbucks China leads global decline in same store sales, responds to 'abandoning price war'
- Continuing to target lower tier cities, Starbucks China enters 166 county-level markets in fiscal year 2024
- HSBC China: Starting from November 15th, applications for repricing cycle adjustment of existing personal housing loan interest rates will be accepted
- Sun Qiming, Vice President of China Western Promotion Association: Pinduoduo style logistics innovation activates the endogenous driving force of western economic development
- Grab Starbucks and Salia's business? Yum! China's third quarter revenue exceeded 20 billion yuan, with a significant increase in the proportion of franchise stores
- Baida Asset Management raises China and US stock ratings, optimistic outlook on economic outlook
-
【英偉達の需要が高すぎる?SKハイニックス:黄仁勲がHBM 4チップの6カ月前納入を要求!】SKハイニックスの崔泰源(チェ・テウォン)会長は月曜日、インビダーの黄仁勲(ファン・インフン)CEOが同社の次世代高帯域 ...
- 琳271
- 昨天 17:54
- 支持
- 反对
- 回复
- 收藏
-
ファイザーが前立腺がんを治療する革新薬テゼナ& ;reg;(TALZENNA®,一般名:トルエンスルホン酸タラゾールパーリカプセル)は2024年10月29日に国家薬品監督管理局(NMPA)の承認を得て、HRR遺伝子突然変異 ...
- 什么大师特
- 5 小时前
- 支持
- 反对
- 回复
- 收藏
-
南方財経は11月5日、中央テレビのニュースによると、現地時間11月5日、米ボーイング社のストライキ労働者が59%の投票結果で新たな賃金協定を受け入れ、7週間にわたるストライキを終えた。ストライキ労働者は11月12 ...
- Dubssgshbsbdhd
- 6 小时前
- 支持
- 反对
- 回复
- 收藏
-
【マスクはテスラが携帯電話を作ることに応えた:作れるが作らないアップルとグーグルが悪さをしない限り】現地時間11月5日、有名ポッドキャストのジョローガン氏のインタビューに応じ、「携帯電話を作るのは私たち ...
- 波大老师
- 8 小时前
- 支持
- 反对
- 回复
- 收藏