Adjusted EBITDA increased 22.4% to $132.7 million
The Baird/STR Hotel Stock Index remained flat in August at 4,872. Year to date through the first eight months of 2018, the stock index was down 0.3%.
Total revenues increased 20.3% year-over-year from RMB193.9 million for the second quarter of 2017 to RMB233.4 million (US$35.3 million) for the second quarter of 2018. Total revenues increased 21.7% year-over-year from RMB360.2 million for the first half of 2017 to RMB438.3 million (US$66.2 million) for the first half of 2018.
Comparable RevPAR: 5.0% increase for the 20-hotel portfolio over the same period in 2017 - Comparable Adjusted Hotel EBITDAre Margin: 20 basis point increase to 33.4% for the 20-hotel portfolio over the same period in 2017