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12 17 HUAZHU Huazhu Group Limited Reports Second Quarter and Interim of 2021 Unaudited Financial Results 24/08/2021 • A total of 7,126 hotels or 692,284 hotel rooms in operation as of June 30 , 2021 . • Hotel turnover¹ increased 97.8 % year - over - year to RMB13.1 billion for the second quarter . Excluding Steigenberger Hotels AG and its subsidiaries ( “ DH ” , or “ Legacy - DH " ) , hotel turnover increased 95.2 % year - over - year for the second quarter . • Revenue increased 83.7 % year - over - year to RMB3.6 billion ( US $ 556 million ) 2 for the second quarter , lower than revenue guidance previously announced of 87 % to 89 % . Revenue from Legacy - Huazhu for the second quarter increased 84.6 % year - over - year , lower than revenue guidance previously announced of 90 % to 92 % . • Net income attributable to Huazhu Group Limited was RMB378 million ( US $ 59 million ) for the second quarter of 2021 , compared with net loss attributable to Huazhu Group Limited of RMB548 million for the second quarter of 2020 and net loss attributable to Huazhu Group Limited of RMB248 million in the previous quarter . Net income attributable to Huazhu Group Limited from Legacy - Huazhu³ was RMB492 million for the second quarter of 2021 . • Excluding share - based compensation expenses and unrealized gains ( losses ) from fair value changes of equity securities , adjusted net income attributable to Huazhu Group Limited ( non - GAAP ) for the second quarter of 2021 was RMB464 million ( US $ 72 million ) , compared with adjusted net loss attributable to Huazhu Group Limited ( non - GAAP ) of RMB476 million for the second quarter of 2020. Adjusted net income attributable to Huazhu Group Limited ( non - GAAP ) from Legacy - Huazhu for the second quarter of 2021 was RMB579 million . • EBITDA ( non - GAAP ) for the second quarter of 2021 was RMB957 million ( US $ 148 million ) , compared with negative RMB169 million for the second quarter of 2020. EBITDA from Legacy - Huazhu ( non - GAAP ) was RMB1.0 billion for the second quarter of 2021 . • Excluding share - based compensation expenses and unrealized gains ( losses ) from fair value changes of equity securities , adjusted EBITDA ( non - GAAP ) was RMB1.0 billion ( US $ 161 million ) for the second quarter of 2021. Adjusted EBITDA from Legacy - Huazhu ( non - GAAP ) was RMB1.1 billion for the second quarter of 2021 . • In the third quarter of 2021 , Huazhu expects Revenue growth to be in the range of 8 % -12 % compared to the third quarter of 2020 , or 4 % -8 % if excluding DH . To provide more meaningful guidance excluding the impact of COVID - 19 , Huazhu expects revenue growth to be in the range of 12 % -16 % compared to pre - COVID - 19 results in the third quarter of 2019 , or revenue reduction to be in the range of 3 % -7 % if excluding DH . • Considering the effects of COVID - 19 resurgence in Guangdong and traffic control in Beijing since late May , and the influences of the Delta variant spreading from Nanjing to several cities in China recently , we lowered our full - year revenue growth guidance . For the full year of 2021 , we expect revenue growth to range from 29 % to 33 % , or to range from 34 % to 38 % if excluding DH . To provide more meaningful guidance excluding the impact of COVID - 19 , Huazhu expects revenue growth to be in the range of 17 % -21 % compared to pre - COVID - 19 results of 2019 , or to range from 2 % -6 % if excluding DH . SHANGHAI , China , Aug. 24 , 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 second quarter and interim ended June 30 , 2021 . As of June 30 , 2021 , Huazhu's worldwide hotel network in operation totaled 7,126 hotels and 692,284 rooms , including 122 hotels from DH . During the second quarter of 2021 , our Legacy - Huazhu business opened 399 hotels , including 18 leased ( or leased - and - operated ) hotels and 381 manachised ( or franchised - and - managed ) hotels and franchised hotels , and closed a total of 156 hotels , including 7 leased hotels and 149 manachised and franchised hotels . During the second quarter of 2021 , the Legacy - DH business opened 2 hotels , including 1 leased hotel and 1 manachised and franchised hotel . As of June 30 , 2021 , Huazhu had a total of 2,734 unopened hotels in the pipeline , including 2,696 hotels from the Legacy - Huazhu business and 38 hotels from the Legacy - DH business . Legacy - Huazhu Only - Second Quarter of 2021 Operational Highlights As of June 30 , 2021 , Legacy - Huazhu had 7,004 hotels in operation , including 675 leased and owned hotels , and 6,329 manachised hotels and franchised hotels . In addition , as of the same date , Legacy - Huazhu had 667,670 hotel rooms in operation , including 91,892 rooms under the lease and ownership model , and 575,778 rooms under the manachise and franchise models . Legacy - Huazhu also had 2,696 hotels in the pipeline , including 16 leased and owned hotels and 2,680 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 RMB255 in the second quarter of 2021 , compared with RMB185 in the second quarter of 2020 , RMB209 in the previous quarter , and RMB236 in the second quarter of 2019 . • The occupancy rate for all Legacy - Huazhu hotels in operation was 82.3 % in the second quarter of 2021 , compared with 68.8 % in the second quarter of 2020 , 66.2 % in the previous quarter , and 86.9 % in the second quarter of 2019 .