Huazhu Group Limited (HTHT) Reports Q2 EPS of $0.22
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Huazhu Group Limited Reports Second Quarter and Interim of 2021 Unaudited Financial Results
August 24, 2021 7:35 AM EDTA total of 7,126 hotels or 692,284 hotel rooms in operation as of June 30, 2021.Hotel turnover1 increased 97.8% year-over-year to RMB13.1 billion for the second quarter. Excluding Steigenberger Hotels AG and its subsidiaries (DH, or Legacy-DH), hotel turnover increased 95.2% year-over-year for the second quarter.Revenue increased 83.7% year-over-year to RMB3.6 billion (US$556 million)2 for the second quarter, lower than revenue guidance previously announced of 87% to 89%. Revenue from Legacy-Huazhu for the second quarter increased 84.6% year-over-year, lower than revenue guidance previously announced of 90% to... More
