Huazhu Group Limited (HTHT) Reports Prelim Q4 Hotel Operations Results
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Huazhu Group Limited Announces Preliminary Results for Hotel Operations in the Fourth Quarter and the Full Year of 2021
January 20, 2022 6:20 AM ESTSHANGHAI, China, Jan. 20, 2022 (GLOBE NEWSWIRE) -- Huazhu Group Limited (NASDAQ: HTHT and HKEX: 1179) (Huazhu, we or our), a world-leading hotel group, today announced preliminary results for hotel operations in the fourth quarter (Q4 2021) and the full year ended December 31, 2021.
COVID-19 update For our Legacy-Huazhu business, RevPAR recovery in Q4 2021 was still significantly impacted by several COVID-19 resurgences in China. In terms of monthly breakdown, our RevPAR recovered to 90%, 76%, and 90% of the levels in October, November, and December 2019, respectively. Entering into 2022, we saw that the COVID-19 pandemic was... More
