Brief: Huazhu Group Says Q4 Net Revenues Rose 5.5%

H World

24/03/2021 12:46

March 24 (Reuters) - Huazhu Group Ltd  1179.HK :
    * Q4 NET REVENUES INCREASED 5.5% YEAR-OVER-YEAR TO RMB3.1
BILLION
    * NET INCOME ATTRIBUTABLE FOR Q4 OF 2020 WAS RMB703 MILLION
VERSUS
RMB619 MILLION
    * IN Q1, EXPECTS NET REVENUES GROWTH TO RANGE FROM AN 8% TO
A 10%
RISE
    * FOR FULL YEAR OF 2021, EXPECT NET REVENUE GROWTH TO RANGE
FROM A
50% TO 54%
    * ANTICIPATES GROSS OPENING OF 1,800-2,000 HOTELS IN 2021
    * IN 2021, HUAZHU IS EXPECTED TO CLOSE 500-550 HOTELS

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS6flNDm
Further company coverage:  1179.HK 

 ((Reuters.Briefs@thomsonreuters.com;))