Wanda Hotel Development's Profit Down in Fiscal 2023

Wanda Hotel Development (HKG:0169) recorded a decline in attributable profit for the year ended Dec. 31, 2023, to HK$165.2 million from HK$193.2 million during the year-ago period, a Monday filing on

MT NewswiresMar 26 06:21 ET

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...

Zhitong FinanceMar 25 08:31 ET

WANDA HOTEL DEV: ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2023

Futu NewsMar 25 08:26 ET · Announcements

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).

Gelonghui FinanceMar 11 06:09 ET

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.

Zhitong FinanceFeb 26 01:00 ET

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

Zhitong FinanceFeb 21 20:50 ET