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华 住 HUAZHU Huazhu Group Limited Reports First Quarter of 2021 Financial Results 25/05/2021 . A total of 6,881 hotels or 662,512 hotel rooms in operation as of March 31 , 2021 . • Hotel turnover¹ increased 66.3 % year - over - year to RMB8.2 billion for the first quarter . Excluding Steigenberger Hotels AG and its subsidiaries ( “ DH ” ) , hotel turnover increased 113.4 % year - over - year for the first quarter . • Net revenues increased 15.6 % year - over - year to RMB2.3 billion ( US $ 355 million ) ² for the first quarter , better than revenue guidance previously announced of 8 % to 10 % . Excluding DH , net revenues for the first quarter increased 68.8 % year - over - year , better than revenue guidance previously announced of 61 % to 63 % . • Net loss attributable to Huazhu Group Limited was RMB248 million ( US $ 38 million ) for the first quarter of 2021 , compared with a RMB2.1 billion loss for the first quarter of 2020 and net income attributable to Huazhu Group Limited of RMB703 million in the previous quarter . Net income attributable to Huazhu Group Limited from Legacy - Huazhu was RMB53 million for the first quarter of 2021 . • Excluding share - based compensation expenses and unrealized gains ( losses ) from fair value changes of equity securities , adjusted net loss attributable to Huazhu Group Limited ( non - GAAP ) for the first quarter of 2021 was RMB451 million ( US $ 70 million ) , compared with RMB 1.1 billion for the first quarter of 2020. Adjusted net loss attributable to Huazhu Group Limited ( non - GAAP ) from Legacy - Huazhu for the first quarter of 2021 was RMB 150 million . • EBITDA ( non - GAAP ) for the first quarter of 2021 was RMB70 million ( US $ 11 million ) , compared with negative RMB1.7 billion for the first quarter of 2020. EBITDA from Legacy - Huazhu ( non - GAAP ) was RMB410 million for first quarter of 2021 , compared with negative RMB1.7 billion for the first quarter of 2020 . • Excluding share - based compensation expenses and unrealized gains ( losses ) from fair value changes of equity securities , adjusted EBITDA ( non - GAAP ) was negative RMB 133 million ( US $ 21 million ) for the first quarter of 2021. Adjusted EBITDA from Legacy - Huazhu ( non - GAAP ) was RMB207 million for the first quarter of 2021 . • In the second quarter of 2021 , Huazhu expects net revenues growth to be in the range of 87 % -89 % compared to the second quarter of 2020 , or 90 % -92 % if excluding DH . To provide a more meaningful guidance excluding the impact of COVID - 19 , Huazhu expects net revenue growth to be in the range of 27 % -29 % compared to pre - COVID - 19 results in the second quarter of 2019 , or 20 % -22 % if excluding DH . SHANGHAI , China , May 25 , 2021 ( GLOBE NEWSWIRE ) -- Huazhu Group Limited ( NASDAQ : HTHT and HKEX : 1179 ) ( " Huazhu " , " the Company " , " we " or " our " ) , a world - leading hotel group , today announced its unaudited financial results for the first quarter ended March 31 , 2021 . As of March 31 , 2021 , Huazhu's worldwide hotel network in operation totaled 6,881 hotels and 662,512 rooms , including 120 hotels from DH . During the first quarter of 2021 , our Legacy - Huazhu³ business opened 209 hotels , including 2 leased ( or leased - and - operated ) hotels and 207 manachised ( or franchised - and - managed ) hotels and franchised hotels , and closed a total of 117 hotels , including 19 leased hotels and 98 manachised and franchised hotels . During the first quarter of 2021 , the Legacy - DH4 business opened 1 leased hotels and closed 1 manachised and franchised hotel . As of March 31 , 2021 , Huazhu had a total of 2,649 unopened hotels in the pipeline , including 2,608 hotels from the Legacy - Huazhu business and 41 hotels from the Legacy - DH business . Legacy - Huazhu Only - First Quarter of 2021 Operational Highlights As of March 31 , 2021 , Legacy - Huazhu had 6,761 hotels in operation , including 664 leased and owned hotels , and 6,097 manachised hotels and franchised hotels . In addition , as of the same date , Legacy - Huazhu had 638,619 hotel rooms in operation , including 89,901 under the lease and ownership model , and 548,718 under the manachise and franchise models . Legacy - Huazhu also had 2,608 hotels in the pipeline , including 19 leased and owned hotels and 2,589 manachised and franchised hotels . The following discusses Legacy - Huazhu's RevPAR , average daily room rate ( " ADR " ) and occupancy rate for its leased and owned hotels , as well as manachised and franchised hotels ( excluding hotels under governmental requisition ) for the periods indicated . • The ADR was RMB209 in the first quarter of 2021 , compared with RMB189 in the first quarter of 2020 , RMB231 in the previous quarter , and RMB221 in the first quarter of 2019 . • The occupancy rate for all Legacy - Huazhu hotels in operation was 66.2 % in the first quarter of 2021 , compared with 46.7 % in the first quarter of 2020 , 80.6 % in the previous quarter , and 80.6 % in the first quarter of 2019 . • Blended RevPAR was RMB138 in the first quarter of 2021 , compared with RMB88 in the first quarter of 2020 , RMB186 in the previous quarter , and RMB178 in the first quarter of 2019 . • For all Legacy - Huazhu hotels which had been in operation for at least 18 months , the same - hotel RevPAR was RMB138