01
Kailian International Hotels reported annual revenue of HK$292.1 million
Recently, Kailian International Hotels Co., Ltd. released a preliminary announcement of its results for the year ended March 31, 2024. According to the announcement, the company's annual revenue is HK $292.1 million and gross profit is HK $197.8 million. Operating profit before changes in the valuation of investment properties was HK$182.7 million and operating profit after changes in valuation of investment properties reached HK$413.5 million. Total profit and comprehensive income attributable to equity shareholders of the Company was HK$376.8 million and earnings per share was HK$1.05. The Company has declared and paid an interim dividend of HK$0.16 per share, totalling HK$57.6 million, and proposes to distribute a final dividend of HK$0.25 per share, totalling HK$90 million. Learn more
02
Oceanwide Hotel's loss attributable to shareholders in FY2024 was HK$2.25 billion, an increase of 956% year-on-year
Recently, Oceanwide Hotels Group Limited announced its results for the year ended March 31, 2024. According to the announcement, Oceanwide Hotel's revenue for the 2024 financial year was HK$890 million, down 4% from HK$930 million in 2023. The loss attributable to shareholders widened to HK$2.25 billion from HK$213 million in 2023, an increase of 956%. The profit contribution of ASH Hospitality Group's hotel business increased significantly in 2024, from HK$39 million in 2023 to HK$180 million, an increase of 362%. The total asset value decreased by 15% from HK$9,282 million in 2023 to HK$7,912 million, and the net asset value also decreased by 58% from HK$3,006 million to HK$1,261 million. Net gearing and gearing increased slightly by 3% and 4%, respectively. Learn more
03
Far East Hotel's revenue for fiscal year 2024 was HK$29.64 million, and the loss attributable to shareholders was HK$33.02 million
Recently, Far East Hospitality Industry Co., Ltd. announced its final results for the year ended March 31, 2024. According to the announcement, Far East Hotel's revenue for the 2024 fiscal year will be HK $29.64 million, down 20.43% from HK $3720 trillion in 2023. Gross profit decreased to HK$5.26 million, a year-on-year decrease of 10.2%, and the loss attributable to the company's owners was HK$33.02 million. Learn more
04
Thailand will extend the fee waiver policy for hotels
Thailand's cabinet agreed to extend the waiver of operating expenses for hoteliers for another two years to support the recovery of the country's tourism industry. Karom Phonphonklang, deputy spokesman for the Thai government, said at a press conference that from July 2024 to June 2026, the 40 baht fee per hotel room per year will be waived, which will cost the government 54 million baht in revenue. Waiving this fee will help reduce spending for hotel operators who have been impacted by the pandemic but may still not recover. Learn more
05
Bazhong Nanjiang Guangwushan Hot Spring Tourist Hotel Auction
Recently, Ali Asset Legal Auction Network reported that the Guangwushan Hot Spring Tourist Hotel in Nanjiang, Bazhong will start the auction on July 4. The owner of the subject matter is Nanjiang Guangwushan Hot Spring Tourism Hotel Co., Ltd., which is located in Guangwushan Hot Spring Tourism Hotel, Nanjiang County, Bazhong City, Sichuan Province. The starting price of the project is 120157298 yuan, and the appraisal price is 150196623 yuan. Learn more
06
Miramar Hotel: Zhu Guoxin retired as joint company secretary on July 1
Recently, Miramar Hotel, a listed company in Hong Kong, announced that Zhu Guoxin will retire as the company's joint company secretary from July 1, 2024. At the same time, the Company's remaining Joint Company Secretary, Lai Ho Man, will continue to serve as the Company Secretary of the Company and concurrently serve as the Group Chief Financial Officer of the Company. Learn more
07
The number of Mandarin Oriental hotels worldwide has reached 40
Mandarin Oriental Hotel Group has achieved a significant milestone of operating 40 hotels globally, following the opening of two highly anticipated new hotels in the UK and Oman earlier this month. Located in the heart of Shatti Al-Qurum, Mandarin Oriental, Muscat marks the group's debut in Oman. Meanwhile, Mandarin Oriental, Mayfair, London is the group's second hotel in London. Mandarin Oriental will open another hotel in Beijing this year, and will open 26 new hotels and 14 residences over the next five years. Learn more
08
Zhejiang Taihu Longemont Fireworks House Hotel was put into trial operation, Licheng Group signed a contract with Wuhan Rice International Hotel, Courtyard by Marriott Changzhou Hotel opened, Qingdao Obsidian X Hotel opened, and the first Renaissance and Yuansu brand hotel in Shandong signed a contract
Recently, the Taihu Longemont Fireworks Hotel in Huzhou City, Zhejiang Province was put into trial operation. The hotel is located in the bustling core of Taihu Ancient Town, directly facing Taihu Ancient Town and Tuying Wetland. The main body of the hotel is a 10-storey antique building. The hotel has 101 standard view rooms and family suites. The hotel's unique location is a mecca for fireworks viewing in the summer of 2024. Learn more
Recently, Licheng Group officially signed a cooperation agreement with Wuhan Rice International Hotel. The Licheng Huating Hotel is an ultra-high-end hotel brand of Licheng Group. The project is located in Hubei Trade Union Building, the core area of Wuchang, Wuhan, with a total investment of 65 million yuan and a total of 168 guest rooms. The project will be unveiled in July. Learn more
Recently, the Courtyard by Marriott Changzhou Hotel was officially opened. The hotel is located in Shunshan Town, Changzhou. The hotel has 205 rooms and suites, all with terraces; The hotel has a number of dining spaces, including a specialty restaurant, an all-day dining restaurant, and a Shun bar on the first floor for leisure or business meetings; In addition, the hotel has more than 2,000 square meters of indoor, outdoor banquet and conference and event space, which can meet the needs of various meetings and banquets. As well as the hotel is equipped with indoor and outdoor swimming pools, 24-hour gym and other facilities. Learn more
Recently, Qingdao Obsidian X Hotel opened, which is a project of cooperation between Ma Liuji and Obsidian Hotel. It is reported that the hotel is positioned as a high-end art boutique hotel in Qingdao City, located at No. 126, Hong Kong Middle Road, Qingdao. The hotel has 105 rooms with panoramic sea views, and the public areas include the art lounge area in the reception hall, the Chinese tea area, and the open art hall space. In addition, the hotel's dining facilities include a rooftop restaurant, a style bar, and an outdoor terrace restaurant, which provide specialty food and beverage services throughout the day. Learn more
Recently, China Jinmao Qingdao and Marriott International reached a strategic cooperation agreement, under which the first Renaissance and Element brand hotels in Shandong Province will be managed and operated by Jin Mao Hotel Commercial Management Company, and are scheduled to officially open on September 30, 2024. Renaissance Qingdao Jinmao Hotel and Element Qingdao Jinmao are located in the core area of Qingdao High-tech Zone, adjacent to the core business district of Qingdao High-tech Zone, with a superior geographical location. Jin Mao Hotel Commercial Management Co., Ltd. has been working with Marriott, Hyatt, Hilton and other major international hotel groups for more than 20 years, and this time Jin Mao once again joined hands with Marriott International Hotel Group to open Renaissance and Element brand hotels in Qingdao. Learn more
09
Ministry of Culture and Tourism: Enrich summer products and services to release the potential of cultural tourism consumption
Recently, the Ministry of Culture and Tourism held a regular press conference in the second quarter of 2024 to introduce the national summer cultural and tourism consumption season, the "Salute to the New Era" red story publicity activity, the national college students' red tourism creative planning competition, and the update of equipment in the field of culture and tourism. Learn more
10
The Ministry of Finance and other three departments: increase the duty-free quota for luggage and articles carried by resident passengers entering Hong Kong and Macao
According to the Ministry of Finance, the Ministry of Finance, the General Administration of Customs, the State Administration of Taxation and other three departments issued the "Announcement on Increasing the Duty-free Allowance for Luggage and Articles of Resident Passengers Entering Hong Kong and Macao", and the relevant measures will be implemented from July 1, 2024 at six ports, including Luohu, Futian, Shenzhen Bay, West Kowloon Station of Guangzhou-Shenzhen-Hong Kong High-speed Railway, Gongbei, and Zhuhai Highway of the Hong Kong-Zhuhai-Macao Bridge; From 1 August 2024, it will be extended to all ports of entry (except for the "first-line" ports in Hengqin). Learn more
11
The status of Yan'an Tourism Group's 950 million yuan private placement project and Jimo District Tourism Investment Company's 1.6 billion yuan private placement project has been updated to "accepted"
Recently, the bond project information platform of the Shanghai Stock Exchange shows that the status of the project of "Yan'an Tourism (Group) Co., Ltd. 2024 Non-public Issuance of Corporate Bonds to Professional Investors" has been updated to "accepted". The project is a private placement, with a proposed issuance amount of 950 million yuan, and the issuer is Yan'an Tourism (Group) Co., Ltd. Learn more
Recently, the bond project information platform of the Shanghai Stock Exchange shows that the status of the project of "Qingdao Jimo District Urban Tourism Development and Investment Co., Ltd. 2024 Non-public Issuance of Corporate Bonds to Professional Investors" has been updated to "accepted". The project is a private placement, with a proposed issuance amount of 1.6 billion yuan, and the issuer is Qingdao Jimo District Urban Tourism Development and Investment Co., Ltd. The underwriters/managers are Guorong Securities Co., Ltd., Reserve Securities Co., Ltd., and Caida Securities Co., Ltd. The deadline for processing is June 26. Learn more
12
Wuxi High-tech Zone and the Municipal Cultural Tourism Group reached a strategic cooperation
Recently, Wuxi High-tech Zone (Xinwu District) and the Municipal Cultural Tourism Group held a strategic cooperation signing ceremony.
It is understood that in this strategic cooperation, the two sides will rely on the historical advantages and rich cultural accumulation of Wuxi High-tech Zone as the birthplace of Wu culture, and give full play to their respective resources and capabilities. Within the scope of Wuxi High-tech Zone, the two sides will work together to create influential brand activities, innovate the operation mode of cultural and sports facilities, coordinate the development of all-for-one tourism, optimize the hotel marketing model, and explore multiple cooperation in cultural tourism. Learn more
13
The IPO of Guangdong Meiya Tourism Technology Group Co., Ltd. has been accepted
According to news from the financial industry, the IPO of Guangdong Meiya Tourism Technology Group Co., Ltd. (hereinafter referred to as "Meiya Technology") on the Beijing Stock Exchange has been accepted. It is understood that the IPO sponsor of Meiya Technology is GF Securities (12.300, 0.00, 0.00%) Co., Ltd., and the sponsor representatives are Chen Shengzhen and Guo Guo. Learn more
14
Xinhualian elected Ma Chenshan as chairman, Yang Yunfeng, president of Tibet Tourism, and Hu Xiaofei as the company's president
Recently, the first meeting of the 11th board of directors of Macrolink Cultural Tourism Development Co., Ltd. was successfully held. At this meeting, Mr. Ma Chenshan was elected as the chairman of Macrolink for a term of three years. At the same time, the meeting also established an audit committee, a nomination committee, a remuneration and appraisal committee and a strategy committee, and elected members of each committee. Mr. Yang Yunfeng was appointed as the president of the company, Mr. Chu Feng and others were appointed as vice presidents, Mr. Zhao Bin was also the chief financial officer, Mr. Lu Bingbo was appointed as the secretary of the board of directors, and Ms. Peng Linqian was appointed as the securities affairs representative, and the term of office of all newly appointed senior executives was three years. Learn more
Recently, Tibet Tourism announced that the company held the first meeting of the ninth board of directors on June 27, 2024, and agreed to appoint Hu Xiaofei as the company's president, Liu Dejun as the company's vice president, and Luo Lianying as the company's chief financial officer and secretary of the board of directors, with a term of office from the date of deliberation and approval of the company's board of directors to the expiration of the company's ninth board of directors. Learn more
15
Jiangxi Yichun Fangte Bear Infested Park opened on July 6
Recently, Huaqiang Fantawild Group held a bear infested park brand conference to officially announce that Yichun Fantawild will open on July 6 to welcome guests.
It is reported that the bear infested park is a theme park integrating interactive experience, entertainment and adventure, education and popular science, catering and shopping with the theme of Huaqiang Fantawild with the theme of Huaqiang Fantawild well-known animation IP "Bear Infested", and comprehensively using cutting-edge technologies in the industry such as dome flying theater, panoramic AR, large-scale rail car, 4D DarkRide, and revolving stage. The park has a large number of theme projects, more than 100 leisure landscapes, flavor restaurants and specialty shops. Learn more
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