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H World Group Ltd 6-K, filed Jan 29, 2020

H World Group Ltd (HTHT)

6-K 2020-01-29 For: 2020-01-29
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Added on April 11, 2026

About this 6-K

H World Group Ltd filed this 6-K on January 29, 2020.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of January 2020

Commission File Number: 001-34656

Huazhu Group Limited (Translation of registrant's name into English)

No. 2266 Hongqiao RoadChangning DistrictShanghai 200336People's Republic of China(86) 21 6195-2011 (Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F [ X ]      Form 40-F [   ]

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b) (1):

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b) (7):

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Huazhu Group Limited
(Registrant)
Date: January 29, 2020 By: /s/ Qi Ji
Name: Qi Ji
Title: Chief Executive Officer

EXHIBIT INDEX

Exhibit Number Description
99.1 Huazhu Group Limited Announces Preliminary Results for Hotel Operations in the Fourth Quarter and the Full Year of 2019

EdgarFiling EXHIBIT 99.1

Huazhu Group Limited Announces Preliminary Results for Hotel Operations in the Fourth Quarter and the Full Year of 2019

SHANGHAI, China, Jan. 14, 2020 (GLOBE NEWSWIRE) -- Huazhu Group Limited (NASDAQ: HTHT) (“Huazhu” or “our”), a leading and fast-growing hotel group, today announced preliminary results for hotel operations in the fourth quarter and the full year ended December 31, 2019.

Hotel Development

Number of hotels in operation Number of rooms in operation
Opened Closed ^(1)^ Net added As of Net added As of
in Q4 2019 in Q4 2019 in Q4 2019 December 31, 2019 in Q4 2019 December 31, 2019
Leased and owned hotels 11 (20 ) (9 ) 688 (741 ) 87,465
Manachised and franchised hotels 619 (143 ) 476 4,930 33,203 449,411
Total 630 (163 ) 467 5,618 32,462 536,876
(1) Reasons for closures include property-related issues, operating loss and non-compliance issues. In Q4 2019, 56 hotels were temporarily closed for brand upgrade and business model change purposes.
As of December 31, 2019
--- --- ---
Number of hotels in operation Unopened hotels in pipeline
Economy hotels 3,485 826
Leased and owned hotels 415 2
Manachised and franchised hotels 3,070 824
Midscale and upscale hotels 2,133 1,436
Leased and owned hotels 273 41
Manachised and franchised hotels 1,860 1,395
Total 5,618 2,262

Operating Metrics

For the quarter ended
December 31, September 30, December 31, yoy
2018 2019 2019 change
Average daily room rate (in RMB)
Leased and owned hotels 275 288 277 0.9 %
Manachised and franchised hotels 218 235 223 2.1 %
Blended 230 245 232 0.9 %
Occupancy rate (as a percentage)
Leased and owned hotels 86.7 % 90.0 % 84.7 % -2.0 pp
Manachised and franchised hotels 84.8 % 87.2 % 81.6 % -3.1 pp
Blended 85.2 % 87.7 % 82.2 % -3.0 pp
RevPAR (in RMB)
Leased and owned hotels 238 259 235 -1.4 %
Manachised and franchised hotels 185 205 182 -1.7 %
Blended 196 215 191 -2.7 %^(2)^

(2) Excluding our soft brands (Hi Inn, Elan, Starway, Madison and Grand Madison), the blended RevPAR for 2019Q4 declined by 0.5% year-over-year.

For the full year ended
December 31, December 31, yoy
2018 2019 change
Average daily room rate (in RMB)
Leased and owned hotels 267 276 3.6 %
Manachised and franchised hotels 214 224 4.6 %
Blended 226 234 3.6 %
Occupancy rate (as a percentage)
Leased and owned hotels 89.0 % 87.0 % -2.0 %
Manachised and franchised hotels 86.9 % 83.8 % -3.1 %
Blended 87.3 % 84.4 % -3.0 %
RevPAR (in RMB)
Leased and owned hotels 237 240 1.2 %
Manachised and franchised hotels 186 188 0.8 %
Blended 197 198 0.1 %^(3)^

(3) Excluding our soft brands (Hi Inn, Elan, Starway, Madison and Grand Madison), the blended RevPAR for 2019 grew by 0.8%.

Business Update by Segment

Hotel and room portfolio by brand
Number of hotels in operation Number of rooms in operation
Net added As of **** Net added As of
in Q4 2019 December 31, 2019 **** in Q4 2019 December 31, 2019
Economy hotels 281 3,485 **** 12,473 290,615
HanTing Hotel (9 ) 2,372 (3,299 ) 224,626
Hi Inn 15 465 871 28,153
Elan Hotel 275 648 14,901 37,836
Midscale and upscale hotels 186 2,133 **** 19,989 246,261
HanTing Premium Hotel 34 214 3,363 19,748
Ibis Hotel 6 185 472 20,533
Ibis Styles Hotel 5 55 549 6,681
Starway Hotel 33 350 3,099 30,363
JI Hotel 72 831 8,289 104,521
Orange Select Hotel 15 248 1,510 28,821
Crystal Orange Hotel 8 85 975 11,182
Manxin Hotels & Resorts 7 46 825 4,133
Madison Hotel 4 9 347 883
Mercure Hotel 5 68 530 12,502
Novotel Hotel 0 9 0 2,928
Grand Madison Hotel 3 4 569 772
Joya Hotel 0 6 0 1,250
Blossom Hill Hotels & Resorts (4 ) 17 (79 ) 648
Grand Mercure Hotel (2 ) 6 (460 ) 1,296
Total 467 5,618 **** 32,462 536,876
Same-hotel operational data by segment
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Number of hotels Same-hotel RevPAR Same-hotel ADR Same-hotel Occupancy
As of For the quarter ended yoy For the quarter ended yoy For the quarter ended yoy
December 31, December 31, change December 31, change December 31, change
**** 2018 2019 2018 2019 **** 2018 2019 **** 2018 2019 (p.p.)
Economy hotels 2,467 2,467 165 155 -6.2 % 183 179 -2.4 % 90.0 % 86.5 % -3.5
Leased and owned hotels 409 409 180 172 -4.4 % 200 198 -0.7 % 90.2 % 86.9 % -3.3
Manachised and franchised hotels 2,058 2,058 161 151 -6.7 % 179 174 -2.9 % 90.0 % 86.4 % -3.6
Midscale and upscale hotels 950 950 266 253 -4.7 % 324 309 -4.4 % 82.0 % 81.8 % -0.2
Leased and owned hotels 199 199 330 309 -6.3 % 389 366 -5.9 % 84.8 % 84.4 % -0.3
Manachised and franchised hotels 751 751 243 233 -4.1 % 300 289 -3.8 % 81.1 % 80.9 % -0.2
Total 3,417 3,417 199 188 -5.4 % 228 222 -2.7 % 87.3 % 84.9 % -2.4
Number of hotels Same-hotel RevPAR Same-hotel ADR Same-hotel Occupancy
As of For the year ended yoy For the year ended yoy For the year ended yoy
December 31, December 31, change December 31, change December 31, change
**** 2018 2019 2018 2019 **** 2018 2019 **** 2018 2019 (p.p.)
Economy hotels 2,467 2,467 170 164 -3.0 % 184 184 0.3 % 92.2 % 89.1 % -3.1
Leased and owned hotels 409 409 183 182 -0.4 % 198 202 1.7 % 92.0 % 90.0 % -2.0
Manachised and franchised hotels 2,058 2,058 166 160 -3.8 % 180 180 -0.2 % 92.2 % 88.9 % -3.3
Midscale and upscale hotels 950 950 269 261 -3.2 % 323 317 -1.8 % 83.4 % 82.2 % -1.2
Leased and owned hotels 199 199 332 317 -4.6 % 385 374 -3.0 % 86.3 % 84.9 % -1.4
Manachised and franchised hotels 751 751 245 239 -2.5 % 298 294 -1.2 % 82.3 % 81.2 % -1.1
Total 3,417 3,417 201 194 -3.1 % 224 224 -0.3 % 89.5 % 87.0 % -2.5

About Huazhu Group LimitedHuazhu Group Limited is a leading hotel operator and franchisor. As of December 31, 2019, Huazhu operated 5,618 hotels with 536,876 rooms in operation. Huazhu’s brands include Hi Inn, Elan Hotel, HanTing Hotel, HanTing Premium Hotel, JI Hotel, Starway Hotel, Orange Hotel Select, Crystal Orange Hotel, Manxin Hotels & Resorts, Joya Hotel, and Blossom Hill Hotels & Resorts. Huazhu also has the rights as master franchisee for Mercure, Ibis and Ibis Styles, and co-development rights for Grand Mercure and Novotel, in the pan-China region. Huazhu completed the acquisition of Deutsche Hospitality on January 2, 2020, further expanding our brands portfolio to include Steigenberger Hotels & Resorts, Maxx by Steigenberger, Jaz Hotel, Intercity Hotel and Zleep Hotel.

Huazhu’s business includes leased and owned, manachised and franchised models. Under the lease and ownership model, Huazhu directly operates hotels typically located on leased or owned properties. Under the manachise model, Huazhu manages manachised hotels through the on-site hotel managers Huazhu appoints and collects fees from franchisees. Under the franchise model, Huazhu provides training, reservations and support services to the franchised hotels, and collects fees from franchisees but does not appoint on-site hotel managers. Huazhu applies a consistent standard and platform across all of its hotels. As of December 31, 2019, Huazhu operates 16 percent of its hotel rooms under lease and ownership model, and 84 percent under manachise and franchise models.

For more information, please visit Huazhu’s website: http://ir.huazhu.com .

Safe Harbor Statement Under the U.S. Private Securities Litigation Reform Act of 1995: The information in this release contains forward-looking statements which involve risks and uncertainties. Such factors and risks include our anticipated growth strategies; our future results of operations and financial condition; the economic conditions of China; the regulatory environment in China; our ability to attract and retain customers and leverage our brands; trends and competition in the lodging industry; the expected growth of demand for lodging in China; and other factors and risks detailed in our filings with the U.S. Securities and Exchange Commission. Any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements, which may be identified by terminology such as “may,” “should,” “will,” “expect,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “forecast,” “project” or “continue,” the negative of such terms or other comparable terminology. Readers should not rely on forward-looking statements as predictions of future events or results.

Huazhu undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law.

Contact Information Huazhu Investor Relations Tel: 86 (21) 6195 9561 Email: ir@huazhu.com http://ir.huazhu.com