Huazhu Group Limited (HTHT) Reports Q2 Loss of RMB0.24

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Go back to Huazhu Group Limited (HTHT) Reports Q2 Loss of RMB0.24

H World Group Limited Reports Second Quarter and Interim of 2022 Unaudited Financial Results

August 29, 2022 7:34 AM EDT

A total of 8,176 hotels or 773,898 hotel rooms in operation as of June 30, 2022.Hotel turnover1 decreased 10.3% year-over-year to RMB11.8 billion in the second quarter of 2022. Excluding Steigenberger Hotels AG and its subsidiaries (DH, or Legacy-DH), hotel turnover decreased 18.9% year-over-year in the second quarter of 2022.Revenue decreased 5.7% year-over-year to RMB3.4 billion (US$504 million)2 in the second quarter of 2022, in line with the revenue guidance previously announced of a 2% to 6% decrease compared to the... More