Huazhu Group Limited (HTHT) Reports Q2 Loss of $0.27
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Huazhu Group Limited Reports Second Quarter of 2020 Financial Results
September 14, 2020 12:22 PM EDTA total of 6,187 hotels or 599,235 hotel rooms in operation and 2,375 unopened hotels in pipeline as of June 30, 2020. Excluding Deutsche Hospitality (DH), a total of 6,071 hotels or 575,911 hotel rooms in operation.
Net revenues decreased 31.7% year-over-year to RMB2.0 billion (US$277 million)1 for the second quarter, slightly better than revenue guidance previously announced of 32% to 34% decrease. Excluding DH, net revenue decreased 36.3% year-over-year.Net loss attributable to Huazhu Group Limited was RMB548 million (US$76 million) for the second quarter of 2020, compared with net... More
