00169 WANDA HOTEL DEV
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WANDA HOTEL DEV News
Market Might Still Lack Some Conviction On Wanda Hotel Development Company Limited (HKG:169) Even After 26% Share Price Boost
WANDA HOTEL DEV: Annual Report 2023
Wanda Hotel Development's Profit Down in Fiscal 2023
Wanda Hotel Development (00169) announces annual results, profit attributable to shareholders of HK$165 million decreased by 14.54% year-on-year
Wanda Hotel Development (00169) announced the results for the year ended December 31, 2023, with a group revenue of 9.8...
WANDA HOTEL DEV: ANNUAL RESULTS ANNOUNCEMENTFOR THE YEAR ENDED 31 DECEMBER 2023
Wanda Hotel Development (00169.HK) plans to hold a board meeting on March 25 to approve annual results
Gelonghui March 11 | Wanda Hotel Development (00169.HK) announced that a board meeting will be held on March 25, 2024 (Monday) to consider and approve the audited financial results and announcements of the company and its subsidiaries for the year ended 31 December 2023, and to consider the payment of a final dividend proposal (if any).
Performance returned to pre-pandemic levels The average occupancy rate of Hong Kong hotels during the Spring Festival was 93.4%
The Zhitong Finance App learned that the Hong Kong Hotels Association said that during the eight-day Lunar New Year holiday, the overall performance of Hong Kong hotels was outstanding. The overall average occupancy rate of hotel rooms was 93.4%, a slight decrease of 0.4 percentage points from the same period in 2019; the average room rate was HK$1,715, up 6% from 2019. Chairman Wong Chak-fung of the association hopes that the Hong Kong government will strengthen its integration into local regional projects with local cultural characteristics and cooperate in implementing vibrant “day and night fun” activities to attract international and mainland tourists. Wong Chak Fung said that Hong Kong hotels currently offer more than 90,000 rooms.
CICC: Downward Expansion and Upward Breakthrough in China's Hospitality Industry
The Zhitong Finance App learned that CICC released a research report saying that while recovering their performance in 2023, leading hotel companies are actively exploring new directions to bring long-term growth momentum: focusing on the two paths of “downward expansion” and “upward breakthrough.” It is recommended to pay close attention to the downward penetration of leading hotel chains into low-tier cities and the continuous upgrading of upward product brands, so as to explore the long-term growth space of leading companies. ▍ The main view of CICC is as follows: “Downward”: Both supply and demand sides of the sinking market have created new variables, and leading chains are expected to continue to expand their stores downward. 1) Supply side: The sinking market has some existing hotels or products that have been renovated and renovated
Wanda Hotel Development (00169.HK): Liu Yingwu was elected as Executive Director
Gelonghui, January 10 | Wanda Hotel Development (00169.HK) announced that according to the ordinary resolution passed by shareholders at the special shareholders' meeting, Liu Yingwu was elected as an executive director with effect from January 10, 2024.
CICC Tourism Hotel & Restaurant 24-Year Outlook: Finding Excellent Business Models and Management Capabilities Through Cycles
CICC released a research report saying that since 2023, the recovery of the social services sub-industry has been divided, but valuations in various sectors are already low. Looking ahead to 2024, the industry will maintain a steady recovery. It is optimistic about cost-effective brands and changes in experience-oriented consumer habits. At the same time, it is recommended to focus on investment opportunities for racetracks and companies that replicate the long-term logic of expansion and refined management.
Wanda Hotel Development proposes to appoint Liu Yingwu as executive director
Wanda Hotel Development (00169) issued an announcement. On December 18, 2023, the board of directors resolved to hold a special shareholders' meeting of the company to review the removal of Ding Benxi from the position of non-executive director and the election of Mr. Liu Yingwu as the executive director in accordance with the revised and rearranged company rules of the company.
Wanda Hotel Development (00169) proposes the election of Liu Yingwu as executive director
Wanda Hotel Development (00169) issued an announcement. On December 18, 2023, the board of directors decided to hold a corporate stock meeting...
5.407 billion people generated 5.2 trillion dollars in revenue! Domestic tourism is expected to return to 90% of the time before the epidemic this year
The China Institute of Tourism Research (Data Center of the Ministry of Culture and Tourism) released the “China Tourism Group Development Report (2023)” at the “2023 China Tourism Group Development Forum”, predicting that the number of domestic tourists in 2023 will reach 5.407 billion yuan, and domestic tourism revenue will reach 5.2 trillion yuan, recovering to 90% and 91% in 2019, respectively.
Wanda Hotel Development's Occupancy Rate Rises in Q3; Shares Slump 7%
Wanda Hotel Development (00169) The occupancy rate of all hotels in the third quarter was 63%
Wanda Hotel Development (00169) issued an announcement. For the 3 months ending September 30, 2023, the Group's management...
WANDA HOTEL DEV: Interim Report 2023
Wanda Hotel Development's H1 Attributable Profit Surges
WANDA HOTEL DEV: INTERIM RESULTS ANNOUNCEMENTFOR THE SIX MONTHS ENDED 30 JUNE 2023
Wanda Hotel Development's Occupancy Rate Jumps 14.9% in Q2
Wanda Hotel Development The occupancy rate of all hotels in the second quarter was 55.7%, up 14.9% year on year
Wanda Hotel Development (00169) announced that in the 3 months ending June 30, 2023, 10 new hotels managed by the group will commence operations, with a total of more than 1,250 guest rooms. On June 30, 2023, the group managed an active hotel network of 138 hotels and more than 31,000 guest rooms. The occupancy rate of all hotels in the second quarter of 2023 was 55.7%, up 14.9% year on year; average daily room rate was 495 yuan, up 21.9% year on year; average rentable room revenue was 275 yuan, up 65.7% year on year.
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