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Huazhu Group announces preliminary Q2 hotel metrics

Jul. 16, 2018 6:21 AM ETH World Group Limited (HTHT) StockBy: Niloofer Shaikh, SA News Editor11 Comments
  • Huazhu Group (NASDAQ:HTHT) reports addition of 86 hotel properties Y/Y on a net basis in Q2.
  • The number of rooms in operation was 393,417.
  • The company has 800 manachised and franchised hotels in the pipeline, as well as 39 leased hotels.
  • Blended occupancy rate dropped 50 bps Y/Y to 89.6%.
  • Blended average daily room rate up 13.6% Y/Y to RMB226.
  • Blended RevPar grew 13.4% Y/Y to RMB203.

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