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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.
Author:管理员

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Dragon Lake Princess Hotel Guangzhou traffic info

Business zone:Guangzhou New Baiyun International Airport
Area:huadouqu
Address:Guangdong · Guangzhou · huadouqu - Dragonlake community (Jiulonghu Shequ), Huadong Town Huadou District Guangzhou China

Dragon Lake Princess Hotel Guangzhou reserve:020-8600 9099 (CouponCode:10669) Busy or no answer, online booking please!
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Dragon Lake Princess Hotel Guangzhou address: Dragonlake community (Jiulonghu Shequ), Huadong Town Huadou District Guangzhou China

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