Huazhu group limited announces preliminary operating results for third quarter ended september 30, 2019; provides earnings guidance for the third quarter ended september 30, 2019

Huazhu group limited announced preliminary operating results for third quarter ended september 30, 2019. for the quarter, the company reported leased and owned hotels occupancy rate of 90% compared to 92.0% for the same period a year ago. manachised and franchised hotels occupancy rate was 87.2% compared to 90.4% a year ago. blended occupancy rate was 87.7% compared to 90.7% a year ago. revpar from leased and owned hotels was rmb 259 compared to rmb 257 a year ago. revpar from manachised and franchised hotels was rmb 205 compared to rmb 206 a year ago. revpar from blended was rmb 215 compared to rmb 217 a year ago. the company provided earnings guidance for the third quarter ended september 30, 2019. net revenue for 2019 third quarter is expected to increase by 10%-11% year-over-year, inline with guidance.
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