The performance of Kaiyuan Hotel plummeted by 90%. What caused it?

The epidemic in 2020 hit the entire hotel industry. This is the key reason. It is estimated that it will take several years for the hotel industry to return it. It is difficult to recover in a short time. Because of the epidemic, the occupancy rate in some areas is low, so the income is very low.

Up to now, the company has managed more than 70 contracted hotels/kloc-0, with a total of nearly 50,000 rooms, which are distributed in Beijing, Shanghai, Zhejiang, Jiangsu, Tianjin, Hebei, Henan, Shandong, Shanxi, Heilongjiang, Jilin, Liaoning, Inner Mongolia, Shaanxi, Hubei, Hunan, Anhui, Jiangxi, Sichuan, Guangxi, Yunnan and Xinjiang. Hotels are widely distributed, and the occupancy rate of first-tier cities has risen rapidly after the epidemic, so just think about other cities. ...

At present, Kaiyuan has five product series: Kaiyuan Du Ming (luxury business hotel), Kaiyuan Resort (luxury resort), Kaiyuan Hotel (upscale business hotel), Kaiyuan Wanshou Dew Hotel (mid-range business hotel) and Kaiyuan Cultural Theme Hotel (Dayu Kaiyuan). It can be seen that Kaiyuan is dominated by high-end hotels.

On the evening of March 15, kaiyuan hotel performed (0 1 158. HK) In 2020, its income was15.98 million yuan, and its net profit returned to its mother was 20 million yuan, down 17 13% and 90% year-on-year. 5% respectively.

The company pointed out that the performance fell sharply, on the one hand, due to the epidemic situation, on the other hand, due to the increase in the number of hotels in the company, the corresponding depreciation and amortization expenses increased.

The data shows that in 2020, the number of hotels operated by the company will reach 3 1 1, and the number of hotel rooms will reach 59,200, up by 44.0% and 32.3% respectively.

In 2020, the company's hotel business segment realized revenue of 65.438+0.408 billion yuan, down about 654.38+0.6% year-on-year; Among them, the income from the guest room sector was 620 million yuan, down 23.08% from the previous year.