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.
Fendi French luxury conglomerate LVMH Group’s Ita […]
Bvlgari appoints Greek fashion designer Mary Katrantzou as the inaugural Creative Director for its leather goods and accessories collection.
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.
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.
Since the pandemic restrictions were lifted in Greater China last year, development activities have steadily improved, and this quarter has witnessed the highest number of newly signed projects since 2021.
As long-term strategic partners, China Duty Free Group and InterContinental Hotel Group are currently furthering their collaboration in the realm of hotel investment and development.
Strong rebound in mainland China’s tourism demand, evident recovery of Joy City Real Estate’s three high-end hotels.
After the resumption of domestic tourism, there has been a release of vacation demand.
Hilton’s second-quarter revenue increased by 18.75% YoY, and its net income attributable to shareholders rose by 11.68% YoY.
