Huazhu Group Limited Schedules First Quarter of 2020 Earnings Release on June 30, 2020
Huazhu Group Limited (NASDAQ: HTHT) plans to release its unaudited financial results for Q1 2020 on June 30, 2020, after U.S. market closure. The financial results will be available on its investor relations website. Following the announcement, a conference call is scheduled for 9 p.m. ET on the same day. Due to COVID-19, participants must preregister online. As of March 31, 2020, Huazhu operated 5,953 hotels with 575,488 rooms across 15 countries, having recently expanded its brand portfolio through the acquisition of Deutsche Hospitality.
- Operated 5,953 hotels with 575,488 rooms as of March 31, 2020.
- Expanded brand portfolio with the acquisition of Deutsche Hospitality.
- The impact of COVID-19 on hotel operations remains uncertain.
SHANGHAI, China, June 29, 2020 (GLOBE NEWSWIRE) -- Huazhu Group Limited (NASDAQ: HTHT) (“Huazhu” or the “Company”) a world-leading hotel group, today announced that it will schedule to release unaudited financial results for the first quarter of 2020 after the US market closes on June 30, 2020.
The earnings release will be available on the Company’s investor relations website at http://ir.huazhu.com/press-releases.
Huazhu’s management will host a conference call at 9 p.m. ET, Tuesday, June 30, 2020 (or 9 a.m. on Wednesday, July 1, 2020 in the Shanghai/Hong Kong time zone) following the announcement.
Due to the outbreak of COVID-19, the conference call will be a Direct Event call. All participants must preregister online prior to the call. Please use the link http://apac.directeventreg.com/registration/event/6692286 to complete the online registration at least 15 minutes prior to the commencement of the conference call. Once preregistration has been completed, participants will receive dial-in numbers, an event passcode, and a unique registrant ID. To join the conference, please dial the number you receive, enter the event passcode followed by your unique registrant ID, and you will be joined to the conference instantly. Please dial in approximately 10 minutes before the scheduled time of the call.
A telephone replay of the call will be available after the conclusion of the conference call until August 7, 2020. To access the replay, please dial +1 855 452 5696 (for callers in the US), 400 632 2162 (for callers in China Mainland), 800 963 117 (for callers in Hong Kong) or +61 2 8199 0299 (for callers outside of the US, China Mainland, and Hong Kong) and reference the conference ID 6692286.
About Huazhu Group Limited
Originated in China, Huazhu Group Limited is a world-leading hotel operator and franchisor. As of March 31, 2020, Huazhu operated 5,953 hotels with 575,488 rooms in operation in 15 countries. Huazhu’s brands include Hi Inn, Elan Hotel, HanTing Hotel, JI Hotel, Starway Hotel, Orange Hotel, Crystal Orange Hotel, Manxin Hotel, Madison Hotel, Joya Hotel, and Blossom Hill Hotels & Resorts. Upon the completion of Deutsche Hospitality acquisition on January 2, 2020, Huazhu added 5 brands to our portfolio, including Steigenberger Hotels & Resorts, Maxx by Steigenberger, Jaz in the City, IntercityHotel and Zleep Hotel. In addition, Huazhu also has the rights as master franchisee for Mercure, Ibis and Ibis Styles, and co-development rights for Grand Mercure and Novotel, in the pan-China region.
Huazhu’s business includes leased and owned, manachised and franchised models. Under the lease and ownership model, Huazhu directly operates hotels typically located on leased or owned properties. Under the manachise model, Huazhu manages manachised hotels through the on-site hotel managers Huazhu appoints and collects fees from franchisees. Under the franchise model, Huazhu provides training, reservations and support services to the franchised hotels, and collects fees from franchisees but does not appoint on-site hotel managers. Huazhu applies a consistent standard and platform across all of its hotels. As of March 31, 2020, Huazhu operates 17 percent of its hotel rooms under lease and ownership model, and 83 percent under manachise and franchise models.
For more information, please visit Huazhu’s website: http://ir.huazhu.com.
Safe Harbor Statement Under the U.S. Private Securities Litigation Reform Act of 1995: The information in this release contains forward-looking statements which involve risks and uncertainties. Such factors and risks include our anticipated growth strategies; our future results of operations and financial condition; the economic conditions; the regulatory environment; our ability to attract and retain customers and leverage our brands; trends and competition in the lodging industry; the expected growth of demand for lodging; and other factors and risks detailed in our filings with the U.S. Securities and Exchange Commission. Any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements, which may be identified by terminology such as “may,” “should,” “will,” “expect,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “forecast,” “project” or “continue,” the negative of such terms or other comparable terminology. Readers should not rely on forward-looking statements as predictions of future events or results.
Huazhu undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law.
Contact Information
Huazhu Investor Relations
Tel: 86 (21) 6195 9561
Email: ir@huazhu.com
http://ir.huazhu.com
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