Brief: Huazhu Posts Qtrly Revenue Increased 9.1% Y/y To RMB3.4 Billion

H World

23/03/2022 11:59

March 23 (Reuters) - Huazhu:
    * QTRLY REVENUE INCREASED 9.1% YEAR-OVER-YEAR TO RMB3.4
BILLION
    * IN Q1 OF 2022, EXPECTS REVENUE GROWTH TO BE IN RANGE OF
11%-15% 
COMPARED TO FIRST QUARTER OF 2021
    * EXPECTS TO OPEN AROUND 1,500 HOTELS AND CLOSE 500-550
HOTELS IN
2022
    * Q4 NET LOSS ATTRIBUTABLE RMB459 MILLION VERSUS NET INCOME
ATTRIBUTABLE OF RMB703 MILLION LAST YEAR
    * SEES 2022 REVENUE GROWTH TO RANGE FROM 15% TO 20%

Source text for Eikon:  ID:nHKS66pmQs 
Further company coverage:  1179.HK 

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