He was the chosen successor of a hotel empire—until he tried to push out his billionaire father’s adviser, and a messy family feud got very public https://t.co/zy8gzyRlsB ...

Corporate Succession & Governance - A hotel empire's chosen successor attempted to remove his billionaire father's advisor [1] - This action triggered a public family feud [1]

India’s tourism and hotel industries saw a burst of travel after pandemic lockdowns. The government’s infrastructure push over the past decade has also fuelled the travel boom. The supply of hotel rooms has struggled to keep up https://t.co/wWxISV6KuP ...

India’s tourism and hotel industries have seen continuing demand after pandemic lockdowns. What could slow their growth? https://t.co/zFwDfTnbbU ...

Nasdaq-listed hotel chain Murano joins bitcoin treasury race with $500 million equity purchase agreement https://t.co/0vFJhv6qJ8 ...

Vanguard Properties is making the most of Portugal's record-breaking tourism industry by cashing in on its hotel investments https://t.co/KsYLuUphSU ...

Ayala Land Buys Philippine Hotel From Cash-Strapped New World https://t.co/zQv1qTEpF6 https://t.co/zQv1qTEpF6 ...

Meanwhile, another possible shift in Trump's immigration crackdown. This time, he is suggesting what he calls a temporary pass. It could protect farm workers and hotel workers from deportation.Here's what he told Fox News about the whole thing yesterday. When we go into a farm and we take away people that have been working there for 15 and 20 years, who who were good, who possibly came in incorrectly, and what we're going to do is we're going to do something for farmers where we can let the farmer sort of b ...

Group 1: Hotel and Bar Industry Developments - Arthur Laundy is investing AUD 3 million to renovate the Watson Bay Hotel in Sydney, which will feature an American Hamptons vacation style and is expected to be completed by October to attract spring weddings and summer holiday crowds [1] - The Laundy family purchased the Watson Bay Hotel for AUD 110 million last year, and Arthur Laundy acquired a 50% stake in a bar investment portfolio for AUD 150 million earlier in 2023 [3] - The New South Wales (NSW) bar market is experiencing a surge in activity, with record transactions including the sale of Family Hotel for AUD 13 million and the acquisition of Beach Hotel in Byron Bay for AUD 140 million [3] Group 2: Real Estate and Development Initiatives - Soul Patts, a company listed on the Australian Stock Exchange with a market capitalization of AUD 13.6 billion, is collaborating with Moran and Bridge Housing to provide temporary accommodation for those facing housing pressures [5] - Soul Patts plans to rebuild a former aged care facility in Narrabeen, with 114 independent homes being used as temporary housing while planning approvals are pending [5] - The well-known Stuyvesant's House in Crows Nest is closing after operating since 1961, with the property being put up for sale, offering development potential [8]

Financial Data and Key Metrics Changes - The company's net revenues for Q1 2025 grew by 29.8% year over year but fell by 8.6% quarter over quarter [28] - Adjusted net income for Q1 2025 was RMB 345 million, representing a 32.3% increase year over year [33] - Adjusted EBITDA for Q1 2025 was up by 33.8% year over year [33] - Gross margin of hotel businesses expanded to 36.6% in Q1 2025 from 34.1% in the same period of 2024 [30] - Gross margin of retail business expanded to 51.4% in Q1 2025 from 50.5% in the same period of 2024 [31] Business Line Data and Key Metrics Changes - Hotel operating costs increased by 11.2% year over year due to variable costs associated with hotel network expansion [30] - Revenues from monetized hotels were RMB 1,032 million, up by 23.5% year over year [28] - Retail business revenue reached RMB 845 million, up 70.9% year over year [17] Market Data and Key Metrics Changes - RevPAR reached RMB 304.4 in Q1 2025, representing 92.8% of its level in the same period of 2024 [7] - Occupancy rate (OCC) reached 95.8% and Average Daily Rate (ADR) stood at 97.2% compared to the same period in 2024 [8] Company Strategy and Development Direction - The company is committed to advancing the strategic initiative of establishing 2,000 premier hotels, enhancing brand awareness and product offerings [6][7] - Focus on product innovation and experiential upgrades to cater to younger consumers in the midscale segment [14][15] - The company aims to maintain a balance between quality and expansion, ensuring sustainable high-quality growth [10][47] Management's Comments on Operating Environment and Future Outlook - The management noted fluctuations in China's domestic travel market amid a complex macro environment, presenting both challenges and opportunities [6] - There is an expectation of easing RevPAR pressure in Q2 compared to Q1, but considerable uncertainty remains for the full year [40] - The company plans to adopt a more balanced revenue management strategy to build long-term brand value [41] Other Important Information - The company declared its first cash dividend in 2025 of US$0.14 per ordinary share, totaling approximately US$58 million [34] - A three-year share repurchase program was announced, allowing for repurchases of up to US$400 million [34] Q&A Session Summary Question: Performance of RevPAR since Q2 and outlook for the full year - Management indicated that RevPAR decreased by 7.2% year over year in Q1, with expectations of easing pressure in Q2, but full-year performance remains uncertain [38][40] Question: New signings momentum and hotel openings for 2025 - Management confirmed a positive signing momentum and maintained a full-year opening guidance of 500 new hotels [43][46] Question: Update on retail business revenue growth and full-year guidance - Management raised the full-year retail revenue growth forecast to 50% year over year, citing strong performance and product launches [50][52] Question: Considerations behind dividend and share buyback program - Management emphasized a commitment to long-term value creation and rewarding shareholders through dividends and share repurchases [55][57] Question: Progression of upscale brands and new product strategies - Management announced the upcoming opening of the Sahe flagship hotel and detailed strategies for the upper midscale and midscale segments [61][63]