Lates News

According to a recent report released by Guojin Securities on April 30th, Jinjiang Hotel (600754.SH) has been given a rating of "hold". The reasons for this rating include: 1) domestically, the year-on-year decrease in Q1 RevPAR for limited-service hotels has widened, but OCC has improved; 2) internationally, there has been an increase in the Q1 RevPAR decrease compared to the previous quarter; 3) Q1 revenue pressure has led to a decrease in operating leverage, with some savings in management expenses; 4) Q1 saw the opening of 226 new hotels, completing 10% of the annual plan. (Daily Economic News)