跟踪时代浪潮，讲述文旅商业好故事。 以下文章来源于旅界 ，作者theodore熙少 旅界 . 作者 | 熙少 来 源 | 旅界 导 语：外企黄金年代落幕，酒店商旅最冷一年。 "我们今年，连杭州都不去了。" 端午前，我的朋友 M小姐，某全球Top 10跨国药企的中国区市场负责人，苦笑着说完这句话时，手 上还捏着一张退订函。 M小姐的公司原本打算节后在杭州西湖边的某五星级酒店搞一场 "区域大会"，三天两晚，会议+培 训，酒店、交通都已经在谈合同。 结果总部一封邮件下来，取消全部差旅安排，会议改为线上。 硬币的另一面是，"改线上"这三个字已经成了今年五星级酒店宴会销售最怕看到的字眼。 但今年以来，我身边这样的案例愈来愈多： 在德系某车企的朋友 A说，他们以前每年TOP员工会被集中安排去三亚搞奖励游，住海景套房、搞 舞台年会、领导发言还请主持人；今年没了，不但奖励游取消，午餐还是食堂配的盒饭。 另一家跨国药企 B原来每年年中会搞一次"大中华区市场会议"，固定在苏州某五星酒店，带行政待 遇、SPA、会后晚宴；现在直接在线开，时间控制在90分钟之内，会议一散，群解散； 某法系美妆公司工作的 C说，以前在上海每季度搞一次新 ...

Choice Hotels International (CHH) Q1 2025 Earnings Call May 08, 2025 10:00 AM ET Speaker0 Ladies and gentlemen, thank you for standing by. Welcome to Choice Hotels International's First Quarter twenty twenty five Earnings Call. At this time, all lines are in a listen only mode. I'll now turn the conference over to Ali Summers, Investor Relations Senior Director for Choice Hotels. Speaker1 Good morning and thank you for joining us today. Before we begin, we would like to remind you that during this conferenc ...

Summary of Tongqinglou Conference Call Company Overview - **Company**: Tongqinglou - **Industry**: Catering and Hospitality Key Financial Performance - **Q1 2025 Revenue**: 692 million CNY, up 1.17% YoY - **Q1 2025 Net Profit**: 51.82 million CNY, down 21.36% YoY due to unmet revenue expectations and fixed costs remaining unchanged [2][3][4] - **2024 Revenue**: 2.525 billion CNY, up 5.14% YoY; net profit was 108.73 million CNY, exceeding previous forecasts [3][4] Wedding Banquet Trends - **2025 Wedding Bookings**: Increased by 51% compared to 2024, with expected total banquet revenue reaching around 5 billion CNY [5][7] - **Monthly Variability**: Wedding bookings are influenced by auspicious dates, with peaks in May and October [5][7] Strategic Initiatives - **Cost Management**: Increased financing costs and stabilization of box business consumption are key concerns for 2025 [5][6] - **Menu and Store Renovation**: Adjustments in menu structure and renovation of 10 old stores to enhance competitiveness and cater to mass consumption [6][23] - **Food Business Growth**: 2024 food sales reached 310 million CNY, with a focus on mooncakes, rice dumplings, and pastries for 2025 [12][14] Market Conditions and Challenges - **Impact of Spring Festival**: Revenue in January and February 2025 decreased by 12.05% YoY due to the timing of the Spring Festival [3][4] - **Consumer Behavior**: A trend towards more affordable dining options has been noted, with adjustments made to the menu to attract family gatherings [23] New Store Openings and Performance - **New Openings**: 9 new stores opened in Hangzhou by March 31, 2025, despite initial losses [11][21] - **Performance of Existing Stores**: Mixed results with some stores showing profitability while others are still adjusting [9][19][20] Future Outlook - **Profitability Goals**: The company aims to maintain a net profit margin of over 30% in 2025 [4][16] - **Capital Expenditure**: Planned capital expenditure of approximately 700 million CNY for new store openings and renovations [21][22] Additional Insights - **Consumer Incentives**: Suggestions for government-issued dining vouchers to stimulate the market, particularly for weddings and family gatherings [18][27] - **Market Share Growth**: Increased market share attributed to brand trust and stability, especially in the Hefei region [27] This summary encapsulates the key points from the conference call, highlighting the financial performance, strategic initiatives, market conditions, and future outlook for Tongqinglou.