BTG Hotels' Revenue Could Grow, Helped by New Online Shopping Platform -- Market Talk
BTG Hotels' Revenue Could Grow, Helped by New Online Shopping Platform -- Market Talk
0439 GMT - BTG Hotels' revenue per available room could grow to 85%-90% of 2019 levels in 4Q, assuming no fresh Covid outbreaks in China, Jefferies says. The U.S. bank points out that revenue per available room in July reached 97% of July 2019's level, but the August figure dropped to 48% due to a resurgence of Covid in Nanjing. Jefferies says the hotel operator's value-creation measures will be in focus, especially its recently launched online-shopping platform to allow hotel members to buy duty-free overseas products. It keeps a buy rating and CNY31 target price on BTG Hotels, which is 1.6% higher at CNY23.50. (yongchang.chin@wsj.com)
0439GMT-杰富瑞(Jefferies)表示，假设中国没有新的Covid疫情，BTG Hotels在第四季度每间可用客房的收入可能会增长到2019年水平的85%-90%。这家美国银行指出，7月份每间可用客房的收入达到了2019年7月份水平的97%，但由于Covid在南京的复兴，8月份的数字下降到了48%。杰富瑞说，酒店运营商的价值创造措施将是重点，特别是其最近推出的网购平台，允许酒店会员购买免税的海外产品。它保持了BTG Hotels的买入评级和人民币31元的目标价，后者上涨1.6%，至人民币23.50元。(yongchang.chin@wsj.com)
