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Chinese Shaanxi province Xi'an Yanta District Science and technology two road Yufeng Hui Nan Lu cross the southwest corner of Thailand Jinmao International Building No. 7, China

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Upscale hotel group New Century reports a 144.1% jump in EBITDA

2020/3/22 22:06:01
Zhejiang New Century Hotel Management reported that its revenue for 2019 rose 7.2% to RMB1,928.0 million and that its EBITDA climbed 144.1% to RMB741.9 million. Gross profit was RMB565.0 million, up by 20.7%. Net profit was RMB205.0 million, 8.4% more than the previous year.

The Chinese hotelier which is invested by Trip.com Group said earlier that it suspended operations at five properties for 38 days due to the coronavirus, causing a downward adjustment of the base rent by RMB 20.77 million in aggregate from RMB 200.00 million to RMB 179.23 million.

EASE WORLD HOTEL

Chinese Shaanxi province Xi'an Yanta District Science and technology two road Yufeng Hui Nan Lu cross the southwest corner of Thailand Jinmao International Building No. 7, China