UPDATE: Huazhu Group Limited (HTHT) Tops Q4 EPS by 2c
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Huazhu Group Limited Reports Fourth Quarter and Full Year 2018 Financial Results
March 14, 2019 5:40 PM EDTHotel turnover1 for Huazhu hotels increased by 23% in 2018, driven by both hotel network expansion and RevPAR growth. The hotel network expanded by 13% to 4,230 hotels in operation as of December 31, 2018. The blended RevPAR grew by 10% in 2018.Net revenues increased 20.6% year-over-year to RMB2,683.3 million (US$390.3 million) 2 for the fourth quarter, and increased 22.3% to RMB10,063.4 million (US$1,463.7 million) for the full year of 2018, exceeded the high-end of revenue guidance previously announced of 18% to 22%.... More
