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Financial Summary

Accor’s Operating Income Increased by 92% in FY2022, with Solid and Sustainable Rebound in Activity

2月 28, 2023

French hotel giant Accor announces results for the fourth quarter and full year of fiscal 2022. A solid and sustainable recovery could be seen in activity in 2022, where sustainable RevPAR recovery is above the pre-pandemic level. It is expected that FY2023 group RevPAR will be up between 5% and 9% LFL and return of dividend distribution at €1.05 per share.
Sébastien Bazin, Chairman and Chief Executive Officer of Accor, said, “Tourism recovered substantially in 2022, and our performances, up strongly in all regions, reflected that rebound.”

In 2022, the growth of Group re …

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Revenue and Profit Both Decline for Wharf Holdings in the First Half of the Year; Changsha IFS Welcomes Third Wharf Hotel
China Watch Financial Summary

Revenue and Profit Both Decline for Wharf Holdings in the First Half of the Year; Changsha IFS Welcomes Third Wharf Hotel

The outflow of consumer spending abroad has led to weak sales performance among mall tenants, putting pressure on occupancy rates and rents. The Times Square properties, in particular, are facing greater challenges due to their smaller size and older decor.

8月 19, 2024
Marriott International’s FY2023 Revenue Grows 14% to $23.7 Billion, Greater China’s RevPAR Soars 78.6%
China Watch Financial Summary

Marriott International’s FY2023 Revenue Grows 14% to $23.7 Billion, Greater China’s RevPAR Soars 78.6%

In the fourth quarter, the RevPAR in the Greater China region surged by 87.4% compared to the same period last year, marking the most robust growth among all markets.

2月 19, 2024
Hilton Group’s FY2023 Revenue Exceeds $10 Billion, 600th Hotel in Greater China Opens in Nanjing
China Watch Financial Summary

Hilton Group’s FY2023 Revenue Exceeds $10 Billion, 600th Hotel in Greater China Opens in Nanjing

In 2023, Hilton opened its 600th hotel in the Greater China region, the Hilton Nanjing Niushoushan, marking a milestone that signifies Hilton’s strong influence in the Greater China region.

2月 20, 2024