Hotel turnover increased 72.0% year-over-year to RMB20.3 billion in the second quarter of 2023. Excluding Steigenberger Hotels GmbH and its subsidiaries, hotel turnover increased 78.1% year-over-year in the second quarter of 2023.
Only 17% of executives strongly agree that there will be a recession in the next six months - As executives see external risks ease, they are channeling their investments into transformation, technology and talent
Hotels stocks outperformed again in July with the global hotel brands leading the way higher
Total revenue increased to approximately $49.0 million for the three months ended June 30, 2023 from approximately $47.2 million during the comparable period in 2022.
Operating revenues were $1.60 billion for the second quarter of 2023, an increase of $687.0 million from $908.8 million for the second quarter of 2022.
Net Rental Revenue Rose to $31.9 Million from $10.2 Million
Total revenues reached $427.4 million for second quarter 2023, a quarterly record and a 16% increase compared to the same period of 2022.
$15.2bn total gross revenue +29% vs 2022, +12% vs 2019
Book Excerpt from The Prosperous Hotelier - What is 'Hospitality Financial Leadership?'
B2B revenue at $861 million was a record and was an increase of 32%, compared to 2022.