November 15th, Beijing time，Huazhu Hotel Group (NASDAQ: HTHT，Hereinafter referred to as "Huazhu") announced the unaudited third quarter financial report of 2016。Financial report display，Huazhu’s net revenue in the third quarter was 17.7.4 billion yuan (approximately 2.USD 6.6 billion)，10 year-on-year increase.9%；Net profit attributable to Huazhu is 2.9.4 billion yuan (approximately 4,USD 4.06 million)，YoY growth of 31.4%。Among them，Operating profit increased by 24% year-on-year.6%，reached 3.5.1 billion yuan (approximately 5,USD 2.64 million)。Based on non-GAAP，Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) in the third quarter increased by 20 year-on-year.2%，reach 5.5.9 billion yuan (approximately 8,USD 3.76 million)。

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The third quarter of 2016，188bet app As the proportion of mid- to high-end hotels continues to increase，The ADR (average room rate of rented rooms) of Huazhu’s hotels is RMB 194，An increase of 3 compared with last year.6%；The average occupancy rate is about 89%，Basically the same as the same period last year；RevPAR (revenue per available room) is RMB 173，An increase of 3 compared with last year.2%。

Among them，Mature hotels (hotels operating for more than 18 months) have a same-store RevPAR of RMB 172，YoY growth 0.5%；Excluding hotel rooms that are being renovated due to product upgrades，The same-store RevPAR of normal mature hotels increased by 1% year-on-year。The average RevPAR of mature hotels (hotels operating for more than 18 months) of mid- to high-end brands increased by 7% year-on-year.5%，ADR growth 5.5%，Occupancy rate increased by 1.6%。

To this，Ms. Zhang Min, CEO of Huazhu Hotel Group, said: “We are encouraged by the accelerated RevPAR growth this quarter。The reason why it can be achieved 3.2% year-on-year growth，In addition to the continued increase in demand for our mid-range hotels，Hanting Hotel Upgrade 2.0 also led to the improvement of Hanting’s RevPAR。In the third quarter，30% of Hanting hotels have completed room upgrades，Hanting’s average RevPAR increased by 0 year-on-year.4%。Next three years，We will continue to promote the upgrade plan of budget hotels，To revitalize our 188bet Online Sports Betting and Casino flagship brand，And attract more consumers and franchisees。”

Focus on hotel quality and focus on the mid- to high-end market

As of September 30, 2016，Huazhu is in 365 cities across the country，Opened 3,198 hotels，Total number of rooms 322,785 rooms，22% increase compared to last year，Including 625 directly operated stores、Join management store 2,399、174 franchise stores。In Q3，Huazhu adds 84 hotels: 171 new hotels，Close 87 hotels。As of the end of September，Huazhu has 505 hotels under preparation，Including 23 directly operated stores、482 franchise management and franchise stores，39% of them are mid-to-high-end brands。

"Since the beginning of this year，We have always focused on product quality。In addition to hotel upgrade plans，We have also enhanced the standards of existing hotels，Therefore we terminated cooperation with some substandard hotels。At the same time，We have increased the proportion of mid- to high-end hotels。In the first nine months of 2016，Mid-to-high-end hotels account for 27% of the total number of net added hotels。As of the end of the third quarter，39% of the hotels under preparation are mid-to-high-end brands。We believe，Pay attention to hotel quality，Focus on strong brand portfolio，will bring us better operating performance and financial results。"Zhang Min said。

As of September 30, 2016，Huazhu’s loyalty program “Huazhu Club” has attracted more than 6,9 million members。In the third quarter of 2016，These members contribute more than 79% of room nights。At the same time，About 88% of hotel room nights are sold through Huazhu’s official channels，Huazhu’s direct sales advantage continues to be significant。

According to financial report estimates，Huazhu’s net revenue in the fourth quarter of 2016 will increase by 9%-11% year-on-year。At the same time，Huazhu adjusts its full-year net revenue growth forecast for 2016 to 12.7%-13.3%。

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