Huazhu Group announces preliminary Q1 hotel metrics

|About: Huazhu Group Limited (HTHT)|By:, SA News Editor

Huazhu Group (NASDAQ:HTHTreports addition of 166 hotel properties Y/Y on a net basis in Q1.

The number of rooms in operation was 439,614.

The company has 1,261 manachised and franchised hotels in the pipeline, as well as 50 leased hotels.

Blended occupancy rate fell 310 bps Y/Y to 80.6%.

Blended average daily room rate grew 6.9% Y/Y to RMB221.

Blended RevPar up 2.9% Y/Y to RMB178.

Subscribe for full text news in your inbox