188bet mobile’s total revenue in the third quarter is 10 billion yuan,19% year-on-year increase

Big accommodation Author of this article: Qu Tingyi 2019-11-13
Financial report display,The third quarter of 2019,The total turnover of 188bet mobile increased by 19% year-on-year to 10 billion yuan;Net revenue increased by 10% year-on-year.4% to 3.1 billion yuan,Growth in line with expectations;Net profit attributable to Huazhu is 4.3.1 billion yuan。

November 13,Huazhu Group (referred to as "Huazhu") announced its unaudited financial report for the third quarter of 2019。Financial report display,The third quarter of 2019,The total turnover of 188bet mobile increased by 19% year-on-year to 10 billion yuan;Net revenue increased by 10% year-on-year.4% to 3.1 billion yuan,Growth in line with expectations;Net profit attributable to Huazhu is 4.3.1 billion yuan。

The third quarter of 2019,188bet mobile Hotel continues to expand in scale,Net increase of 486 hotels。As of September 30,188bet mobile is in 420 cities across the country,5151 hotels opened,Including 697 directly operated stores、4087 managed franchise stores and 367 franchised stores,Total number of rooms 504414,23% year-on-year increase。Among them,Mid-to-high-end hotel rooms account for 45% of all opened hotel rooms,The proportion of mid- to high-end hotels in 188bet mobile has further increased。In addition,As of the end of the third quarter,188bet mobile has 1,736 hotels under preparation,Accounting for 34% of opened hotels,Compared to 23% in the same period last year,Increased by 11 percentage points。

Benefit from the increase in the proportion of mid- to high-end hotels with higher ADR (average room rate of rented rooms) in the 188bet mobile brand portfolio,The ADR of 188bet mobile’s hotels increased by 2 year-on-year in the third quarter of 2019.6%,is 245 yuan,RevPAR (revenue per available room) is 5,Average occupancy rate 87.7%。Among them,The same-store RevPAR of mature hotels (hotels operating for more than 18 months) is 211 yuan,ADR is 234 yuan,Average occupancy rate 90.1%。

Founder of 188bet mobile Group、Executive Chairman and CEO Ji Qi said,Currently,The number of 188bet mobile hotels nationwide has exceeded 5,000,And through the opening of the first All Seasons hotel in Singapore and the just-announced acquisition of Deutsche Hospitality,Opened international expansion plan。

As of September 30,188bet mobile’s loyalty program “188bet mobile Club” has attracted more than 1.3.9 billion members。In the third quarter of 2019,Members contributed more than 76% of room nights;Over 85% of room nights come from 188bet mobile’s direct sales channels。

188bet mobile expects full-year net revenue in 2019 to increase by 10%-12% year-on-year。2020,188bet mobile expects to have 1,700 newly opened hotels,75%-80% of which will be mid- to high-end hotels。

*this文来Source: Beijing News, Author: Qu TingAlso, original title: "188bet mobile’s total revenue in the third quarter is 10 billion yuan,19% year-on-year increase》.

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