China Lodging Group (HTHT) Misses Q3 EPS by 3c, Revenues Beat

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Go back to China Lodging Group (HTHT) Misses Q3 EPS by 3c, Revenues Beat

Huazhu Group Limited Reports Third Quarter of 2018 Financial Results

November 15, 2018 4:30 PM EST

A total of 4,055 hotels or 409,516 hotel rooms in operation as of September 30, 2018.Net revenues increased 15.9% year-over-year from RMB2,387.3 million to RMB2,767.6 million (US$403.0 million) 1 for the third quarter of 2018, exceeding high-end of Q3 revenue guidance (10.5%-12.5%).Income from operations increased 32.9% year-over-year from RMB583.1 million to RMB774.8 million (US$112.8 million) for the third quarter of 2018. The operating margin year-over-year improved from 24.4% to 28.0%.Net income attributable to Huazhu Group Limited increased 44.0% year-over-year from RMB463.8 million to RMB667.8 million (US$97.2 million) for the third quarter of 2018. EBITDA increased 38.5% year-over-year from... More