Huazhu Group Limited Schedules First Quarter of 2020 Earnings Release on June 30, 2020
June 29 2020 - 8:42PM
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
LimitedOriginated 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 InformationHuazhu Investor RelationsTel:
86 (21) 6195 9561Email: ir@huazhu.comhttp://ir.huazhu.com
H World (NASDAQ:HTHT)
Historical Stock Chart
From Jun 2024 to Jul 2024
H World (NASDAQ:HTHT)
Historical Stock Chart
From Jul 2023 to Jul 2024