Hotel industry news

On the evening of August 25th, Fosun Tourism Culture Group (Fosun Travel, 0 1992. HK) released its interim results for 2020 as of June 30. The data shows that Fosun's cultural tourism revenue in the first half of this year was 4.528 billion yuan (RMB, the same below), down 50% year-on-year; The turnover of tourism business decreased to 43 1. 1 billion yuan, down 4.4 1% year-on-year, and the adjusted EBITDA (profit before interest, tax, depreciation and amortization) decreased by 76.3% to 472 million yuan, with a net loss of 898 million yuan.

In terms of income, the operating income of resorts and tourist destinations was 3.454 billion yuan, down 42.4% year-on-year; The income from tourism-related property sales and construction services was 376 million yuan, a year-on-year decrease of 78.74%; The income from tourism and leisure services and solutions was 698 million yuan, a year-on-year decrease of 46.26%. Fosun Travel pointed out that the decrease in tourism-related property sales and construction service income was due to the adjustment of construction service operation and delivery cycle plan.

In terms of cash flow, as of June 30, 2020, Fosun Travel had cash and cash equivalents of about 6.26 billion yuan and unused bank loans of about 2.25 billion yuan.

Qian Jiannong, chairman and CEO of Fosun Travel, believes that after the epidemic, there will be a new normal development in the tourism and leisure industry, and opportunities and crises will occur in the industry at the same time. Fosun Travel is optimistic about the growth prospects and market restructuring opportunities of the global leisure and holiday industry after the epidemic.

The occupancy rate of European resorts has reached 95%

In terms of resort business, in the first half of this year, all resorts and businesses in Club Med were temporarily closed due to the COVID-19 epidemic. According to the interim results report, as of June 30th, Fosun Travel has operated 65 resorts in more than 40 countries and regions. Among them, there are 37 ships from Europe, Africa and the Middle East (including one cruise ship), 0/2 ships from America/KLOC and 0/6 ships from Asia-Pacific/KLOC (including 7 ships from China).

Fosun Travel pointed out that as the capacity of the resort decreased by 50.9%, as of June 30, the six-month turnover of Club Med recorded 3.908 billion yuan, a decrease of 44.3% compared with the same period of last year. Among them, the turnover in Europe, Africa, Middle East, America and Asia-Pacific decreased by 45%, 32. 1% and 56.4% respectively compared with the same period of last year.

From the occupancy rate, Club Med's occupancy rate reached 710-February this year, and only 39.5% in March-June. As of June 30th, the occupancy rate of Club Med has reached 62%, only 3. 1 percentage point lower than that of the same period last year.

According to the announcement, in July this year, the occupancy rate of resorts opened worldwide reached about 665,438+0%. As of August 15, there were 26 resorts in operation, and the reopened resorts accounted for about 37% of the accommodation capacity of the resorts in the same period last year. As of August 15, 2020, the occupancy rate of the reopened China resort has reached 88%, and that of the opened European resort has reached 95%. Fosun Tourism predicts that most resorts will reopen before the end of 2020.

Since July, the turnover and occupancy rate of Atlantis in Sanya have been higher than that of the same period last year.

In terms of tourist destinations, as of June 30, the turnover of Atlantis under Fosun Travel in Sanya, Hainan reached 336,543.8 billion yuan, down 49.5% year-on-year. Due to the sharp drop in the number of tourists during the epidemic, the room income and other operating income of Atlantis in Sanya decreased by 46.5% and 52.9% respectively. In the first half of this year, the number of tourists from Atlantis in Sanya was only 6.5438+0.4 million, a year-on-year decrease of 44%.

According to the report, in the three months to March this year, the turnover of Atlantis in Sanya decreased by 64. 1% compared with the same period of last year. However, in the three months to June 30th, the turnover has reached 75. 1% of the same period last year. As of June 30th, the three-month occupancy rate of Atlantis in Sanya has reached 6 1.3%, higher than the same period last year.

Since July, the turnover and occupancy rate of Atlantis in Sanya have been higher than that of the same period last year.

The data shows that in July 2020, the turnover of Atlantis in Sanya recorded 65.438+0.48 billion yuan, a year-on-year increase of 654.38+0.8%; The occupancy rate was 88. 1%, which was higher than 8 1.4% in the same period last year. Before August this year, the occupancy rate of Atlantis Sanya Hotel reached 95%.

More than 300 properties in Taicang Fulv City have been pre-sold.

In terms of property income, as of June 30, Fosun Travel has delivered 20 sets of Atlantis in Tang 'an, Sanya, with a confirmed income of 367 million yuan.

The brand "Re-visit the City" released by Fosun Travel in June165438+1October last year has also started to be pre-sold.

In July this year, Taicang Fu You has obtained a sales license with a construction area of about 654.38+10,000 square meters, of which 327 saleable property units with a construction area of about 37,000 square meters have started to be pre-sold. At the same time, Lijiang Fu You City has obtained the pre-sale permit for hotels and accommodation units with a building area of about 28,000 square meters, and Fosun Travel plans to start the pre-sale activities in the second half of 2020.

Among other income, Fosun Tourism released an open Internet platform based on holiday life products by using the acquired intellectual property rights in Thomas Cook. The trial operation of the platform began on July 6th, and it was officially launched on July 6th, 2020 18. From July 6th to July 3rd1day, the platform downloaded 1 18200, registered users 10400, and the transaction amount was about 33.24 million yuan.

It is worth mentioning that Fosun Travel acquired Casa Cook and Cook's Club hotel brands from Thomas Cook in the process of bankruptcy liquidation to further expand the global resort and hotel business.

According to the report, as of August 2 1 day, 2020, Fosun Travel has signed franchise agreements for eight hotels in Europe, and all of them have been opened. In addition, Fosun Tourism also signed an agreement to build three new hotels in China. In the next three years, Fosun Travel plans to further expand derivative brands such as Casa Cook and Cook's club in China, other Asian countries and Europe, and will open no less than 25 new hotels, including existing hotels.