Weekly Report on the Hospitality Industry Feb. 19 to Feb. 25 .

Mondo Social Updated on 2024-02-27

Hot information

VAT invoice data: During the Spring Festival holiday, the average daily sales revenue of accommodation services increased by 25% year-on-year4%

According to the VAT invoice data recently released by the State Administration of Taxation, during this year's Spring Festival holiday, driven by the hot tourism market, the average daily sales revenue of travel agencies and related services increased by 1 year-on-year2 times, the average daily sales revenue of tourism and leisure tourism services increased by % year-on-year. Driven by the demand for returning home during the Spring Festival and traveling, the average daily sales revenue of accommodation services increased by 25% year-on-year4%。Among them, the average daily sales revenue of economic chain hotels and tourist hotels increased year-on-year respectively. 5%。B&B services provide personalized consumption scenarios, which are welcomed by tourists, and the average daily sales revenue increased by 68% year-on-year8%。

The Lantern Festival ** tour is hot, and the number of hotel bookings in popular cities has doubled

According to the data released by Qunar on the 23rd, in the past week, the search volume of words related to Lantern Festival, Lantern Festival, and Garden on the platform has risen rapidly, ranking in the top five hot words on the whole platform. From the perspective of booking popularity, the Lantern Festival China's first-class tour is hot, the number of destination hotel bookings in the two-hour high-speed rail circle has doubled, and traditional folk activities have driven the growth of tourism in Guangdong, Fujian and Guangxi. "Lantern Festival + weekend", many tourists choose a two-day and one-night ** tour. The data shows that this year's Lantern Festival "two-hour high-speed rail circle" in the flow of passengers to each other more, Beijing-Tianjin-Hebei, Yangtze River Delta, Pearl River Delta, Sichuan and Chongqing and other regions are more popular. Among the cities along the "two-hour high-speed rail circle", Zhengzhou, Shenyang, Nanning, Shantou, Fuzhou, Tianjin, Luoyang, Zhuhai, Wuhan and Jinan have hotter hotel bookings, with an increase of 3 compared with the same period of last year's Lantern Festival5 times more. As of February 23, the number of hotel bookings nationwide during the Lantern Festival on the Qunar platform increased by 2 compared with the same period last year6 times.

During the Spring Festival, the number of online hotel booking complaints in Hainan Province decreased by about 35% year-on-year

According to the Hainan Provincial Administration for Market Regulation, during the Spring Festival this year, the number of online hotel booking complaints in Hainan Province fell by about 35% year-on-year. It is reported that during the Spring Festival this year, in response to the continued hot situation of online hotel bookings for tourists in Hainan Province, the Hainan Provincial Market Supervision Bureau and the Provincial Consumer Council carried out a one-month action to standardize the governance of unfair format terms before and after the Spring Festival. Guide the hotel industry in Hainan Province to be legally compliant, fair and reasonable, minimize consumer disputes caused by unfair format terms, and make every effort to create a good atmosphere of "rest assured" for Hainan hotels. According to statistics, during the governance action, the Hainan Provincial Market Supervision Department interviewed 162 relevant operators, issued 17 "Reminder Letters", urged hotel operators and platforms to rectify 406 unfair format terms, and the number of online hotel reservation complaints decreased by about 35% year-on-year, effectively standardizing the hotel operation order during the Spring Festival.

After the Spring Festival, the staggered peak travel period arrived, and the number of hotel bookings in Shenyang increased year-on-year**

According to the news released by Shenyang, with the end of the Spring Festival holiday, the passenger flow of major tourist popular cities has gradually decreased, and air tickets and hotels** have also dropped sharply. According to Tongcheng Travel data, in the first week after the Spring Festival holiday, the average domestic air ticket fell by 15% month-on-month, and the average price of international air tickets fell by about 10% month-on-month. This adjustment provides a more affordable travel option for tourists. At the same time, hotels** have also declined, making off-peak travel more cost-effective. According to the data, from February 18 to 20, the number of hotel bookings in Shenyang increased by 39% year-on-year, and this growth trend is especially obvious during the post-holiday off-peak travel period. At the same time, domestic air bookings to Shenyang also increased by 14% year-on-year. The most popular departure points for flights to Shenyang are Shanghai, Hangzhou, Chengdu, Zhengzhou, Shenzhen and other places, and the influx of tourists from these cities has injected new vitality into Shenyang's tourism industry.

Jay Chou's Changsha concert is finalized, and the price of surrounding hotels has increased by more than 4 times

On February 26, according to Huasheng** news, the official of the Hunan Provincial Department of Culture and Tourism will hold 4 concerts at the Changsha ** Sports Center Stadium from May 30 to June 2, 2024. The ticket purchase platform "Damai" recently put out the ticket purchase link of the "Carnival" World Tour - Changsha Station, and the hotel around the stadium of the Sports Center, where the concert was held, increased by up to 4 times more than the "May Day" holiday.

Danzhou: During the concert of the stars, the hotel is clearly priced

According to the Danzhou Rong ** Center, on February 23, Danzhou City held a meeting on the supervision of the market behavior of the hotel and scenic spot industry during the Danzhou 2024 Stars Concert, requiring the city's relevant hotels to do a good job in the management of guest rooms, enrich the supply of tourism products in scenic spots, protect the legitimate rights and interests of tourists, and create a reassuring, reassuring and comfortable tourism environment for the majority of tourists. The relevant persons in charge of the Danzhou Municipal Tourism and Cultural Bureau, the Municipal Market Supervision Bureau, the Municipal Tourism Association and the key reception hotels and scenic spots attended the meeting and signed a letter of commitment to comply with industry regulations. At the meeting, the relevant persons in charge of key reception hotels and scenic spots focused on hotels, hotel services, safety and security, scenic spot preferential activities and other aspects to carry out extensive discussions and in-depth research. The meeting emphasized that the hotel should be self-disciplined, operate in good faith in strict accordance with the law, clarify the real price, and promote the standardized development of the industry. Relevant departments should focus on monitoring the situation of hotel rooms, and timely grasp relevant information such as changes, key hotel room stores, and actual occupancy rates, so as to guide consumers to consume reasonably and make multiple choices.

Four Points by Sheraton Shandong Zaozhuang Hotel project was approved, with an estimated investment of 500 million yuan

Recently, the planning of Four Points by Sheraton Shandong Zaozhuang Hotel was approved. The project is located on the north side of Guangming Avenue and the east side of Planning Road in Shizhong District, and on the west side of Wanda Plaza under construction. It is reported that the project covers an area of about 20,000 square meters, a construction area of about 50,000 square meters, 325 planned parking spaces, 218 guest rooms, and a main floor height of 9135 meters. According to the list of key projects in Zaozhuang City in 2024, the total investment of Four Points by Sheraton Hotel is 500 million yuan, of which 200 million yuan is planned to be invested within the year. After the completion of the project, it will echo with the north and south of the Zhongyuan DoubleTree by Hilton Hotel (under construction) on the north shore of East Lake, forming a dual core of hotels in the central and western new areas of the city.

Guangdong Chaozhou five-star hot spring resort hotel project was signed, with a total investment of about 2 billion yuan

Recently, the Greater China "Qixi Well" seawater hot spring resort and five-star hot spring hotel project was signed at the signing ceremony of the first batch of investment projects in Chaozhou, Guangdong Province in 2024. It is understood that the project is located in the north area of Wenshengwei Industrial Park, covering an area of about 336 acres, with an estimated total investment of about 2 billion yuan. The project will inherit the unique tourism resources of Zhelin Bay, take the seawater hot spring as the carrier, and take the marine culture as the theme to create a high-end resort hot spring town integrating sightseeing, accommodation, food and entertainment. After the completion of the project, it can drive the development of regional tourism economy, promote the culture of fishing, animal husbandry and breeding, improve the quality of local tourism supporting services, attract tourists from near and far to travel and invest, and revive the prosperous style of the ancient port of the "Maritime Silk Road".

It is planned to invest 2 billion yuan to sign a contract for Fujian Nan'an International high-end hotel and commercial supporting projects

A few days ago, the Fujian Quanzhou Private Economic Development Conference was held. At the meeting, 48 major investment projects were signed, with a total investment of 1432500 million yuan. Among them, 5 projects in Nan'an were signed with a total investment of 17 billion yuan, including Nan'an international brand high-end hotel and commercial supporting projects, Nan'an emergency fire protection industrial park project in Nan'an City, Fujian Province, Nan'an intelligent bathroom industrial park project, Xinyou energy digital project and Hongxing Erke new material R&D and production and footwear intelligent manufacturing project. It is reported that the planned total investment of Nan'an international brand high-end hotel and commercial supporting projects is 2 billion yuan, and it is planned to introduce internationally renowned high-end hotel brands, with a total construction area of about 850,000 square meters, super five-star standard construction of high-standard hotel building, supporting the construction of southern Fujian style commercial street and other formats, commercial area of 240,000 square meters, creating a new benchmark for hotels in Nan'an City.

Fuzhou Pingtan plans to invest 52.2 billion yuan to build a tourist resort hotel

According to the news released by Pingtan District, recently, Fuzhou Pingtan Experimental Zone signed 8 industrial investment projects, with a total investment of 556.6 billion yuan, the project covers key industries such as cultural tourism, green, digital, and marine, injecting new vitality into the industrial and economic development of the experimental zone. The signed projects include eight projects, including the Aoqian Hotel Project, the Wynn Quartz Sand Purification Project, the Zhongmao Yier Three Small Catering (Large Chain) Project, the Big Data and Cross-border Digital Culture Industrial Park Project, and the Liantai Science and Technology Park. Among them, the total investment of the hotel project in front of Australia is 52.2 billion yuan, covering an area of about 36 acres, plans to build a four-star high-standard tourist resort hotel, with 600-800 rooms. The project is planned to be divided into two phases of construction, the first phase is to build a low-density resort hotel along Aoqian Road, supporting parent-child paradise, art beach park, etc. The second phase of construction is mainly based on the high-rise sea-viewing rooms on the north side of the plot, and the development of mountain parks supporting sky lounges and sunrise viewing platforms for sea views. After the project is completed and put into use, it will be able to fill the shortcomings of Pingtan tourism accommodation and enrich the functional facilities of the international tourism island city.

Fuzhou Jiangbei signed 30 major projects with a total investment of 45.5 billion, and Taijiang CBD will build a high-end five-star hotel

Recently, the Fuzhou Sustainable Development and Entrepreneur Conference was successfully held in Jiangbei District, at which 30 major projects were signed with a total investment of 4558.8 billion yuan, covering new energy, optoelectronics, tourism and accommodation and other fields. At this conference, Honor International Group officially signed a contract with Taijiang District to build an honor high-end five-star hotel near Fuzhou Binjiang Civic Square. It is understood that the honorary high-end five-star hotel project is adjacent to Fuzhou Binjiang Civic Square, which is the third high-end five-star hotel in Fuzhou Minjiang North after Sandi Hilton Hotel and Rongqiao Crowne Plaza Hotel, and the signing will further promote the development of Fuzhou's tourism and accommodation industry. It is reported that the project has a plot area of 13,575 square meters (2036 acres), the hotel construction area is not less than 46,000 square meters, and the construction height is 120 meters.

Gansu Wenzhou Hotel Complex Project started with a total investment of 11500 million yuan.

According to the Wenxian Rong ** Center, recently, Wenxian County, Longnan, Gansu Province held a groundbreaking ceremony for the Wenzhou Hotel Complex Project. It is understood that the Wenzhou Hotel Complex Project is a major provincial investment promotion project in 2023, and it was signed on May 14, 2023 at the 1st 2023 Zhejiang Investment Promotion Event, with a total investment of 11500 million yuan, to build 1 quasi-five-star hotel, 7 residential buildings, a total land area of 3280,000, with a total construction area of 12740,000 . After the completion of the project, it is of great significance to actively integrate into the Dajiuzhai Tourism Circle and the Chengdu-Chongqing Twin-City Economic Circle, comprehensively promote the "Four Strong" action and major decisions and deployments such as "Three Cities and Five Places", "Four Grasps and Four Mentions", "Four Excellences" and "Nine Cohesion Improvements", further improve the quality of the city, drive the upgrading of the cultural tourism and health care industry, and accelerate the process of new urbanization.

The first phase of Jiangxi Xingguo Hot Spring Tourist Resort Hotel Project opened in July, with a total investment of 1.1 billion yuan

On February 22, according to the news released by Xingguo, the construction of the Jiangxi Xingguo Hot Spring Resort Hotel Project will not stop during the Spring Festival holiday to ensure that the Fengyuan Hot Spring Project will be officially put into operation on July 1. It is reported that the hot spring tourist resort hotel project is located in Siwang Village, Ganzhou, Jiangxi Province, with a total planning area of about 620 acres, a total investment of about 1.1 billion yuan, a major construction land of about 112 acres, a total construction area of about 100,000 square meters, according to the standard construction and operation of a four-star hotel with no less than 500 rooms, and the planning content includes about 4,500 hot spring pools and nearly 5,000 net red water resorts.

China Overseas Hotel: The overall revenue of the Spring Festival in 2023 increased by 25% year-on-year

On February 26, it is understood that the overall revenue of China Overseas Hotel from February 9 to 17, 2024 has increased compared with 2023. It is reported that the overall revenue of China Overseas Hotel will increase by 25% year-on-year in 2023, and during the Spring Festival holiday, 13 China Overseas Hotel projects will achieve a total of 31 full rooms; Grand Hyatt Shenzhou Peninsula Hotel and Sheraton Shenzhou Peninsula Resort Hotel are fully booked for six consecutive days; Fuzhou Zhonghai Kaili Hotel has been fully booked for four consecutive days; Ascott Macau has been fully booked for seven consecutive days. In addition, Grand Hyatt Shenzhou Peninsula, Sheraton Resort, and Four Points by Sheraton all hit a record high in single-day revenue on February 13.

Greenland: The performance of 54 hotels during the Spring Festival increased by 45% over the same period

On February 23, according to the official WeChat disclosure of Greenland Group, its hotel, tourism, exhibition industry, and commerce industry seized the start of the New Year. In terms of hotels, the performance of a total of 54 hotels under Greenland Hotels increased by 45% compared with the same period last year, while all hotels exceeded the level of the same period in 2019, with comparable data increasing by nearly 30%. During the 8-day holiday of the Spring Festival, the hotels were full 63 times, and the average room rate of many hotels hit a new high.

More than 100 hotels in Dehao Spring Festival have a single-day Revpar of more than 1,000 yuan

In the past Spring Festival holiday, more than 100 hotels under Dehao Group have a single-day RevPAR of more than 1,000 yuan, and the highest RevParr of a single store has reached 3,100 yuan, and the highest RevParr of a single store of many brands such as New Century Mingdu, New Century Mingting, Fangwai, Guantang, and Yiju has also exceeded 2,000 yuan, and more hotels have been full for 13 days in February, and many hotels have been full for more than 6 consecutive days.

IHG achieved an operating profit of 10 percent in 2023$6.6 billion

On February 21, InterContinental Hotels Group released its 2023 annual financial report, and during the reporting period, InterContinental Hotels achieved a total revenue of 46US$2.4 billion, a year-on-year increase of 19%; Operating profit 10$6.6 billion, up 70% year-on-year. InterContinental Global RevPAR increased by 16% year-over-year during the reporting period1%;Compared to 2019, the global RevPAR increased by 109%。Among them, the annual revpar in the American market increased by 70%, and the EMEAA market grew by 237%, the Greater China market grew by 717%。In addition, the average daily home rate increased by 5% year-on-year in 2022 and 13% year-on-year in 2019; The occupancy rate increased by 6 percentage points year-on-year in 2022 and decreased by only 1 percentage point compared to 2019. In 2023, InterContinental Hotels will open a total of 4790,000 rooms (275 hotels), up 16% year-on-year (excluding the Iberostar Beach Resort); Signed up for 7920,000 rooms (556 hotels), up 26% year-on-year (excluding the Iberostar beachfront resort). Among them, 1920,000 rooms (117 hotels) and 2830,000 units (194 hotels), one of the highest quarters on record. At the end of 2023, the total number of hotel rooms in the world was 9460,000 (6,363 hotels), 29 under construction worldwide70,000 rooms (2016 hotels), up 55%。

Four Seasons expands its global footprint with two new hotels in China

In the coming years, Four Seasons Hotels will be featured around the world, including a resort with stunning ocean views in Cabo San Lucas, Mexico's southern tip of the Baja Peninsula, the revitalization of a 16th-century hotel in the historic city of Cartagena on Colombia's Caribbean coast, the historic Kasr Al Bahr Palace in Rabat, Morocco's fourth Four Seasons hotel featuring a beachfront feature, and Japan's fourth Four Seasons Hotel as a 49-storey mixed-use development. It will be unveiled in Osaka this year. In China, two new Four Seasons hotels are located in Dalian and Hangzhou. Four Seasons Hotel Dalian is located in Donggang Business District, the project is a 46-storey building, with a planned area of 13,900 square meters and a construction area of 127253 square meters. The hotel has a total of 254 rooms and 50 suites, with a suite rate of 16%. Four Seasons Hotel Hangzhou City Center features 214 luxurious rooms and suites, ranging in size from 54 square meters to more than 300 square meters. The hotel also boasts 2,855 square meters of indoor and outdoor event space, providing more than 1,000 square meters of space for leisure and entertainment.

With the Olympics approaching, accommodation in Paris** has doubled

According to the French weekly "Viewpoint", as the 2024 Paris Olympics approaches, there is a wave of price increases in Paris. The cost of accommodation and transportation continues, and even the entrance fee to the Louvre is nearly 30%. According to the report, during the 2024 Paris Olympics, it is expected that there will be 15 million to 20 million tourists in France, which will put great pressure on multiple levels such as accommodation and transportation in Paris. Olivia Gregoire, the French Minister of Small and Medium-sized Enterprises, Crafts and Tourism, previously revealed that before the opening of the Olympic Games, a large-scale hotel inspection will be carried out, involving tens of thousands of hotels, with the aim of ensuring openness and transparency. However, she also admits that she cannot directly intervene with the hotel because the French Commercial Code gives the hotel the power to set its own prices. Nonetheless, hotels must ensure transparency in pricing so that consumers can compare different hotels**.

BT Tower with 2Sold for £7.5 billion, it will be turned into a hotel in the future

CCTV financial news, according to Reuters, on February 21, local time, British Telecom was 2For 7.5 billion pounds, or about 2.5 billion yuan**, the British Telecom Tower** was given to an American hotel group, and this London landmark will be transformed into a luxury hotel in the future. It is understood that the UK's largest telecom operator announced last year that the company is carrying out a massive cost-cutting plan and will lay off 5 employees by 203050,000 people.

Meliá Hotels & Resorts: Accelerates global presence with the addition of a new hotel every two weeks

On February 22, Meliá Hotels & Resorts recently announced at the Spanish International Travel Fair (FITUR 2024) that it will vigorously promote its global expansion plan. Gabriel Escarrer, President and CEO, said: "This year, we will focus on the high-quality development of the Group, expanding the Group and optimizing our management while accelerating our expansion at the rate of opening a new hotel around the world every two weeks. In addition, we will continue to work with our outstanding partners in the industry to accelerate the expansion of the luxury and high-end hotel market, and consolidate the Group's leading position in the Caribbean, Southeast Asia and the Mediterranean." "In 2023, Meliá Hotels & Resorts signed a total of 26 new hotel projects and opened 12 new hotels in popular cities and destinations around the world. By the end of 2023, Meliá Hotels & Resorts had opened 350 hotels worldwide in more than 40 countries, with a total of 92,057 rooms, with a further 64 hotels in the pipeline. In addition, the Group is actively promoting a unique "pet-friendly" program to meet the needs of guests travelling with pets and create more diverse hotel experiences and living spaces, which have been piloted in several hotels around the world, such as the Gran Meliá de Los Duques Gran Meliá in Madrid and the Hotel Colón Gran Meliá.

Trade of the week

Yinchuan Xinhualian Plaza Hotel and commercial assets were unsold, with a starting price of 3400 million yuan

According to the Ali asset auction network, the real estate and assets of the hotel at No. 6 and No. 5 Xinhualian Plaza in Jinfeng District, Yinchuan City and 7 sets of commercial buildings at No. 5 have been unsold, with a starting price of 3400 million yuanIt is reported that the property sold is the real estate and decoration, decoration, facilities and equipment of the hotel at No. 6 Yuehai Bay, Jinfeng District, Yinchuan City, as well as 7 sets of businesses at No. 5 Xinhualian Plaza, with a sale price (reserve price) of 340 million yuan. The lobby of Sheraton Hotel No. 6 Xinhualian Plaza is 7 meters high, some of which are 15 meters high, and the rest of the floors are 36-4.2 meters; Xinhualian Plaza, No. 5, 7 sets of commercial 1-2 floors. The starting price of the above subject matter is negotiated by the two parties, and the two parties unanimously agree to take 340 million yuan as the sale price (of which the negotiated price of all hotel assets is 325.5 million yuan, and the negotiation price of 7 sets of shops is 14.5 million yuan). At the time of the court's on-site investigation, No. 6 Xinhualian Plaza, Yuehaiwan, Jinfeng District, Yinchuan City, was now used as a hotel, and 7 shops along the street were used as hotel staff dormitories.

Shenzhen Xindu Hotel Auction, starting price 52.3 billion yuan

On February 21, according to the Ali asset auction network, the entire Xindu Hotel on Chunfeng Road, Luohu District, Shenzhen will be auctioned on March 10, with a starting price of 52.3 billion yuan, the subject appraisal price is 74.7 billion yuan. It is understood that Xindu Hotel is a luxury design hotel, located at No. 4001 Chunfeng Road, Luohu District, Shenzhen, located in the Renmin South International Trade Business District, Luohu District, with a height of 24 floors and a construction area of 50,59952, covering an area of 54884. The service life is 50 years, from November 18, 1989 to November 17, 2039. The hotel has more than 400 guest rooms, 7 meeting rooms, and a number of restaurant private rooms and meeting rooms. According to the announcement, due to the existence of the lease of the target, the auction will be auctioned according to the status quo.

A long-term rental perspective of the hotel

The Swire Hotels House Collective has announced a new location for The House Collective in Xi'an, which is expected to open in 2028

The House Collective will soon be announced as a new member of the Taikoo Li Xi'an, a joint venture between Swire Properties and Xi'an Qujiang New Area, has commenced construction. Following the announcement of new hotels in Tokyo and Shenzhen last year, The House in Xi'an (name TBD) will be another milestone in the hotel's brand expansion plans. Located in the Little Wild Goose Pagoda Historical and Cultural District, The House Collective in Xi'an is part of Swire Properties' Taikoo Li Xi'an mixed-use development, which has invested significant resources in researching the historical context and preserving the site's cultural heritage and traditions. Expected to open in 2028, The House Collective will offer approximately 115 rooms and 55 residences (condominiums), most of which will have views of the Little Wild Goose Pagoda. Designed by award-winning Japanese architect Shigeru Ban and interior design firm Layan, the new House will offer a full range of luxury experiences, including dining, art, culture, and a lifestyle that rejuvenates the body and mind.

Opening this week

Radisson RED Taishan, Tai'an opened

Recently, the Radisson RED Taishan Hotel in Tai'an was officially opened. Radisson RED Taishan Hotel Tai'an is located at No. 27, Wangyue West Road, Taishan District, Tai'an City, 300 meters away from Tai'an Wanda Plaza, covering Taishan Railway Station, Tai'an High-speed Railway Station and Dahe Station within a radius of 5 kilometers, rich in tourism resources, only 6 kilometers away from Tianwai Village, one of the Taishan mountain passes, close to Tai'an City Museum, 30 minutes' drive to Tai'an Underground Dragon Palace, Tai'an Sun Tribe, Taishan Tianyi Lake Tourist Resort and other major 4A attractions. Radisson RED Taishan Hotel Tai'an has 122 high-end intelligent guest rooms, which are equipped with "Dyson" hair dryers, American high-end brand "Serta" independent pocket spring silent anti-interference mattress, and Italian high-end brand "Acca Kappa" toiletries. The hotel is equipped with a 450-square-meter multi-function hall, which can accommodate more than 300 people at the same time, equipped with complete conference facilities, flexible venues, and professional undertaking large-scale events such as large-scale banquets, press conferences, and summit forums. The hotel is also equipped with a 100-square-meter business conference room that can accommodate 80 people, which is perfectly adapted to the needs of guests for small salons and parties. The hotel also has a large swimming pool of 1032 square meters and is equipped with an all-weather vitality gym, which brings professional-level enjoyment to those who are good at exercising.

Appointed this week

BTG Hotel Board of Directors: It is proposed to elect a new director, Li YunBTG Hotels (Group) Co., Ltd. held the 23rd meeting of the 8th session of the board of directors at 9:30 a.m. on February 22. Two bills were deliberated at the meeting. First of all, the "Proposal on Changing a Director of the Company" was unanimously passed. Bai Fan, the former chairman of the board, resigned due to work changes and no longer held any position. The Board of Directors intends to recommend Li Yun as a candidate for the new director of the Company until September 23, 2024. The proposal will be submitted to the company's first extraordinary general meeting of shareholders in 2024 for consideration. According to the announcement, Li Yun, born in February 1967, is a member of the middle school, has a master's degree in business administration, and has served as deputy secretary of the Party Committee and director of Beijing Beichen Industrial Group Co., Ltd. and general manager of Beijing Beichen Industrial Co., Ltd. Since December 2023, she has served as Deputy Secretary of the Party Committee, Director and General Manager of Beijing Capital Tourism Group Co., Ltd.

end

Related Pages