Morgan Stanley Downgrades China Lodging Group (HTHT) to Equalweight
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China Lodging Group, Limited Reports Second Quarter of 2016 Results
August 16, 2016 7:00 AM EDTA total of 3,114 hotels or 314,811 hotel rooms in operation as of June 30, 2016Net revenues increased 13.7% year-over-year to RMB1,656.9 million (US$249.3 million) 1Â for the second quarter of 2016, in line with the guidance previously announced.Income from operations increased 31.9% year-over-year to RMB263.4 million (US$39.6 million) for the second quarter of 2016.Adjusted EBITDA (non-GAAP) increased 51.4% year-over-year to RMB572.2 million (US$86.1 million) for the second quarter of 2016. Net income attributable to China Lodging Group, Limited increased 111.5% year-over-year to RMB315.5 million (US$47.5 million) for the second... More
