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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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Huai'an New Century Grand Hotel traffic info

Business zone:Qinghe District Central Business District
Area:qinghequ
Address:Jiangsu · huaian · qinghequ - No. 135 Shuidukou Avenue, Qinghe District, Huai'an, China

Huai'an New Century Grand Hotel reserve:020-86009099 (CouponCode:12988) Busy or no answer, online booking please!
Catering Entertainment:0517-80999999   Meeting room reserve

Huai'an New Century Grand Hotel address: No. 135 Shuidukou Avenue, Qinghe District, Huai'an, China

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