H World Group's Europe-based business experienced a great recovery since its reopening in February 2022. Deutsche Hospitality (DH) saw a 22.9% increase in Average Daily Rate (ADR) and a 96.2% increase in full-year blended revenue per available room (RevPAR) compared to 2021. In the fourth...
The cyclical slowdown in the refining industry has been exacerbated this year because of the pandemic, which caused US refiners to cut processing rates by 20% from the previous five-year average in April due to the global collapse in fuel demand. In addition, fuel demand in North America has...