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The Latest Breaking News from Huazhu

Huazhu Group Stock Gains On Q1 Earnings Beat

Huazhu Group Ltd (NASDAQ:HTHT) reported a first-quarter FY22 sales growth of 15.2% year-on-year to $423 million, beating the consensus of $378.25 million. The occupancy rate for all legacy-Huazhu hotels in operation was 59.2%, down 700 basis points Y/Y. Blended RevPAR (revenue per available room) was RMB132 versus RMB138 the previous year. The operating…

Benzinga · May 31, 2022

Huazhu Group Clocks 9% Revenue Growth In Q4

Huazhu Group Clocks 9% Revenue Growth In Q4

Huazhu Group Ltd (NASDAQ:HTHT) reported fourth-quarter FY21 revenue growth of 9.1% year-on-year, to RMB3.5 billion ($526 million), missing the consensus of $530.15 million. Hotel turnover increased 8.3% Y/Y to RMB11.9 billion in Q4. Adjusted loss per ADS was $(0.11) for the quarter. Revenue from the Legacy-Huazhu segment decreased 1.6% Y/Y. The occupancy rate…

Benzinga · Mar 23, 2022

Huazhu Ends 2021 with Omicron Hit, Seen Lingering Into 2022

Huazhu Ends 2021 with Omicron Hit, Seen Lingering Into 2022

Key takeaways: Huazhu Group is predicting greater uncertainties for its hotels in the first quarter as a result of the recent Covid resurgence and resulting travel restrictions The company has pivoted to focus on quality over quantity growth, in an unexpected shift for some analysts By Lau Ming

Benzinga · Jan 26, 2022

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