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.

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