Huazhu group reports q1 loss per share $1.05

Huazhu group limited reports first quarter of 2020 financial results.q1 loss per share $1.05.q1 adjusted non-gaap loss per share $0.54.total of 5,953 hotels or 575,488 hotel rooms in operation and 2,375 unopened hotels in pipeline as of march 31, 2020.qtrly net revenues decreased 15.7% year-over-year to rmb2.0 billion.in q2 expects net revenues to decline 32% to 34% year-over-year.average daily rate for hotels in operation, was rmb189 in q1 2020 versus rmb221 in q1 2019.occupancy rate for all hotels in operation, was 39.6% in q1 of 2020, compared with 80.6% in q1 of 2019.at end of march 2020, 74% or 85 of hotels of dh hotels were closed.as of june 27, 2020, 79% or 91 of hotels of dh hotels have resumed operations.
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