For the leaders in the hotel field, Wanda Hotel knows that only rapid innovation and development will have a better future! HK) disclosed its 2023 financial report, which also saw its strong strength.
Data analysis: Wanda Hotel's development revenue in 2023 will be about 983 million yuan, compared with 816 million yuan in the same period in 2022. We understand that the revenue from hotel management services is about 545 million yuan, the hotel design and construction management services are about 173 million yuan, and the hotel operation income is about 175 million yuan. The net profit attributable to owners of the Company was approximately HK$165 million and the net cash was approximately HK$354 million. Wanda Hotels is naturally at the forefront of the industry in three modes of operation: leasing and operating hotels, managing hotels and franchising hotels.
The expansion from 122 hotels and 28,656 rooms by the end of 2022 to 157 hotels and more than 33,900 rooms by the end of 2023 is naturally due to its strong strength. And as of December 31, 2023, Wanda Hotel Development has another 312 hotels that have been contracted to manage hotels under development that have not yet opened. Until the end of last year, Wanda Hotel Development had 4 leased and operated hotels, 145 managed hotels, and 8 franchised hotels, accounting for about 5.1% of all operating hotels.
The data is also that as of the end of 2023, the average rentable room revenue increased by 43.1% to about 279 yuan compared with about 195 yuan in 2022. This is also a very impressive figure, and the increase is also due to the easing of travel restrictions, and the occupancy rate of the hotels managed by the group will also increase significantly in 2023.
Wanda Hotels will continue to expand its hotel network and plan to add 42 new hotels in 2024. I believe that Wanda will have a better future.