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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 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.

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Shangri-la Hotel, Shenzhen traffic info

Business zone:Luohu Railway Station / Luohu Port
Address:Guangdong · Shenzhen · luohuqu - No.1002 Jianshe Road Luohu District Shenzhen China

Shangri-la Hotel, Shenzhen reserve:400 862 8088 (CouponCode:11443) Busy or no answer, online booking please!
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Shangri-la Hotel, Shenzhen address: No.1002 Jianshe Road Luohu District Shenzhen China

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