Huazhu Groups' Revenue to Fall by 32%~34% YoY

Consumer Staples Jul 16, 2020 05:14 PM (GMT+8) · EqualOcean

Multifunctional hotel reservation Huazhu group announced the preliminary results of hotel operations in the second quarter of 2020. It is expected that the company’s net income in the second quarter will fall by 32% to 34% YoY. Although the occupancy rate of Huazhu has recovered to over 80% in mid-July and in the second quarter, 97% of Huazhu’s hotels have resumed normal operations.

This text is a result of machine translation.

Related companies：

Huazhu

Briefing Oct 27, 2023 08:24 AM · Financials | Consumer Staples

Anjoy Foods Q3 Net Profit Totaled CNY 386 million, with an Impressive YoY Increase of 63.75%

Briefing Mar 17, 2023 02:16 PM · Automotive | Consumer Staples

Xpeng Motors Co-Founder Xia Heng Stepped Down as Executive Director and Manager

In-depth

Consumer Discretionary, Consumer Staples, Financials

Is the U.S. TikTok the biggest opportunity for going global in 2024?

TikTok, a short-video social platform under ByteDance, made its debut in May 2017 and has since become a global phenomenon with over 1 billion active users worldwide.

Jan 16, 2024 06:05 AM

Briefing Mar 17, 2023 02:15 PM · Automotive | Consumer Staples

Chinese New Energy Battery Anode Innovator Tanovus Raises Tens of Mins of CNY in Series Pre-A

Briefing Oct 27, 2022 06:10 PM · Consumer Staples | Communication

Chinese Home Supply Chain SaaS E-commerce Platform "JijiYouxuan" Eeceives a Strategic Investment of CNY 12 Million

Research

Consumer Staples, Healthcare, Technology

WIA2020 | Rising Tech Stars 2020: Global & China's 100

Dec 09, 2020 09:57 AM

Research

Consumer Staples, Communication, Consumer Discretionary

WIA2020 | Next 50 in Global Tech: Consumer Technology

Dec 09, 2020 09:55 AM

Research

Technology, Real Estate, Consumer Discretionary

Tech for Global, Globalization Footprints of the Established and the New

May 29, 2020 08:30 PM

Research

Real Estate, Consumer Staples, Industrials

Low-Carbon Industry Expansion - Key Studies From Chinese Companies

May 28, 2020 12:40 PM

Briefing Jun 28, 2022 02:43 PM · Consumer Staples | Automotive

The recovery of overseas business offset the recurrence of domestic epidemic, and the net revenue of Ctrip group in 2022q1 was flat on a year-on-year basis

Briefing Mar 01, 2022 11:06 AM · Consumer Staples

Rice ball takeout has officially entered the Australian market, and high-quality takeout services have captured overseas food

Briefing Feb 17, 2022 05:19 PM · Technology | Healthcare | Real Estate

Haizheng pharmaceutical: "acarbose tablet" new 100mg specification application approved

Briefing Feb 14, 2022 04:40 PM · Technology | Consumer Staples

Huatong shares: the sales revenue of pigs in January was 45.6874 million yuan

Consumer Staples

Bonitas Research Shorts Huazhu Hotel, Claiming It Inflated Profits

The report was released on the company's first day of trading on HKEX.

Sep 22, 2020 05:10 PM

Consumer Staples

Huazhu's Second Quarter Report: Revenue Falls by 32% While Losses Narrow

Ji Qi, the founder and executive chairman of Huazhu, claims that, in the next three years, Huazhu will focus more on ' penetration of lower-tier cities.

Sep 15, 2020 04:57 PM

Briefing Dec 30, 2021 10:03 AM · Consumer Staples

Robosen completed round B and round B + financing of nearly US $100 million

Briefing Dec 21, 2021 09:40 AM · Consumer Staples

Happy cake has completed a new round of financing of RMB 100 million, led by Asian business capital and followed by Chunjian capital. The listing plan will be launched in the future

Briefing Sep 16, 2021 08:53 PM · Consumer Staples | Healthcare

Beyond science and technology: it is planned to invest 400 million yuan to build a recycling project of scrapped lithium batteries