Huazhu Group Limited Provides Preliminary Revenue Guidance for the Third Quarter and Full Year of 2021
August 24, 2021 at 07:35 am EDT
Huazhu Group Limited provided preliminary revenue guidance for the third quarter and full year of 2021. For the quarter, the company 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, the company 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.
For the year, the company expects revenue growth to range from a 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% as compared to pre-COVID-19 results of 2019, or to range from 2%-6% if excluding DH.