SUBSCRIBERS
M&C Hotels 2017 revenue up, but Europe occupancy down
Published Thu, Feb 8, 2018 · 09:50 PM
Bengaluru
MILLENNIUM & Copthorne Hotels reported on Thursday a 7.9 per cent rise in annual revenue per room, helped by a weaker sterling and strong growth across its markets except Europe.
Reported revenue per available room (RevPAR), a key metric that measures a hotel's financial health, improved in all regions in the fourth quarter, the company said, except in Europe, where it fell 2.9 per cent due to a drop in occupancy.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Cordlife directors offer differing views on future oversight if board is rejigged
Tesla lays off more staff in software, service teams, Electrek reports
Robinhood Crypto gets Wells notice from US SEC
Morgan Stanley strategists see inflation as key for path of US stocks
US: Wall Street opens higher as rate-cut hopes linger
Tyson raises outlook as lower costs boost chicken segment