Huazhu Group Limited (HTHT) Tops Q1 EPS by 58c

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/25/2026

1. RNG
2. DECK
3. WDC
4. BMY
5. BYD
6. SPOT
7. WCN
8. TSCO
9. BE
10. SPY

Go back to Huazhu Group Limited (HTHT) Tops Q1 EPS by 58c

Huazhu Group Limited Reports First Quarter of 2020 Financial Results

June 30, 2020 5:00 PM EDT

A total of 5,953 hotels or 575,488 hotel rooms in operation and 2,375 unopened hotels in pipeline as of March 31, 2020. Excluding Deutsche Hospitality (DH), a total of 5,838 hotels or 552,362 hotel room in operation.Hotel turnover1 decreased 32% year-over-year to RMB5 billion for the first quarter. Excluding DH, hotel turnover decreased 49%.Net revenues decreased 15.7% year-over-year to RMB2.0 billion (US$284 million)2 for the first quarter, in line with revenue guidance previously announced of 15% to 20% decrease. Excluding DH, net revenue decreased 46.0% year-over-year.Due to the COVID-19 outbreak, net revenue of... More