Lates News

Huazhu Group released its financial report on August 20, showing that in the second quarter of this year, hotel revenue reached 26.9 billion yuan, an increase of 15% year-on-year. During the same period, the group's revenue reached 6.4 billion yuan, an increase of 4.5% year-on-year. After adjustments, the net profit was 1.35 billion yuan, a 7.6% increase year-on-year, and the adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) was 2.3 billion yuan, a 11.3% increase year-on-year.