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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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Huiquan Dynasty Hotel Qingdao traffic info

Business zone:Badaguan/First Beach
Area:shinanqu
Address:Shandong · Qingdao · shinanqu - No.9 Nanhai Road Shinan District Qingdao 266003 China | 620m from Metro Station:HuiQuanGuangChang