Hotelier's better net
By Cao Qian |
May 13, 2011, Friday
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Print Edition
Print Edition
BUDGET hotel operator 7 Days Inn Group, China's second-largest by chain size, yesterday reported a "better-than-expected" net revenue rise of 39.2 percent year on year in the first quarter of this year as it continued to expand rapidly across the country.
Net revenue in the three-month period totaled 421 million yuan (US$64.2 million), the Guangzhou-based hotelier said in a statement.
Net revenue in the three-month period totaled 421 million yuan (US$64.2 million), the Guangzhou-based hotelier said in a statement.
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