Huazhu Group's hotel turnover increased by 71.3% in the first quarter compared with the same period last year.

[Huazhu Group Hotel turnover rose 71.3% in the first quarter from the same period last year to turn losses into profits over the same period last year] Huazhu Group released its first-quarter results, saying that hotel turnover in the first quarter of 2023 increased by 71.3% year-on-year to 16.2 billion yuan, while first-quarter revenue rose 67.1% year-on-year to 4.5 billion yuan. The net profit attributable to Huazhu Group Co., Ltd. was 990 million yuan in the first quarter, compared with a net loss of 630 million yuan in the same period last year, compared with a net loss of 124 million yuan in the previous quarter.