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Since November 8, when visa-free entry for south korea was trialed, the number of south korean tourists received at the hotels under shanghai jin jiang international hotels has significantly increased.
On December 9, Glorious Exchange reported that shanghai jin jiang international hotels (600754.SH) stated on the interactive platform that since the trial implementation of visa-free entry for south korea on November 8, the number of korean tourists received by its hotels has significantly increased. Shanghai Jin Jiang International Hotels in China is committed to enhancing cross-border travel services, striving to provide foreign tourists with a more comfortable and convenient lodging experience by optimizing service processes, increasing multilingual services, and adjusting dining menus to cater to international guests' tastes. At the same time, it actively expands cooperation with international tourism platforms to increase exposure on globally renowned online booking platforms. Shanghai Jin Jiang Hotel Management Company also promotes on social media platforms.
Research reports on mining investments | swhy: The operational performance of shanghai jin jiang international hotels has greatly improved domestically and internationally, giving it an initial "buy" rating.
SWHY research points out that post-pandemic, the industry is poised for a steady operation recovery, with shanghai jin jiang international hotels (600754.SH) significantly improving its performance both domestically and internationally. In 2024, the company's domestic and international hotel RevPAR is expected to grow steadily beyond the levels of the same period in 2019. In the domestic business, for the first three quarters of 2024, the absolute value of domestic hotel RevPAR shows a steady upward trend, but year-on-year, it faces slight pressure due to changes in supply and demand relationships and a rational recovery in travel consumer spending. Looking ahead, the overall demand recovery in the industry is expected to drive ongoing OCC recovery, further boosting RevPAR and empowering profit level growth.
shanghai jin jiang international hotels (600754): From scale to efficiency, the brand matrix upgrade opens a new chapter.
Investment highlights: The hotel industry has a strong cyclical nature, with supply and demand mismatches compounded by the peaks and valleys of demand, resulting in the industry experiencing a cycle of "recovery - prosperity - decline - recession", with current oversupply being replenished and demand still has a gap, the hotel industry is in a
Express News | Beijing Shiji Information Technology: The wholly-owned subsidiary signed a strategic cooperation framework agreement with Jin Jiang International Hotels (China).
shanghai jin jiang international hotels (600754): short-term operation under pressure, looking forward to management improvement
In the first three quarters of 2024, the company achieved operating revenue of 10.79 billion yuan, a decrease of 2.55% compared to the same period last year (the same applies to the adjusted values for last year); achieving a net income attributable to the parent company of 1.106 billion yuan, a year-on-year increase of 12.1.
Shanghai Jin Jiang International Hotels (600754): Newly opened hotels maintain high growth, domestic hotel ADR under pressure.
In the first three quarters of 2024, the company achieved revenue of 10.79 billion yuan, a year-on-year decrease of 2.55%; achieved a net income attributable to the parent company of 1.106 billion yuan, a year-on-year increase of 12.13%; achieved a non-net profit attributable to the parent company of 6.3
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