Huazhu Group Limited (HTHT) Reports Q4 EPS of RMB1.38
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Huazhu Group Limited Reports Fourth Quarter and Full Year 2019 Financial Results
March 26, 2020 5:00 PM EDTA total of 5,618 hotels or 536,876 hotel rooms in operation as of December 31, 2019.Hotel turnover1 increased 21% year-over-year to RMB9 billion for the fourth quarter, and increased 19% to RMB35 billion for the full year of 2019.Net revenues increased 8.5% year-over-year to RMB2.9 billion (US$418 million)2 for the fourth quarter, and increased 11.4% to RMB11.2 billion (US$1.6 billion) for the full year of 2019, in line with revenue guidance previously announced of 10% to 12%. EBITDA (non-GAAP) for the fourth quarter of 2019 was RMB1.1 billion (US$152 million), compared with negative... More
