HTHT: Expect Better 2Q18 Results Driven By ADR and Hotel Volumes; Maintain BUY

  • HTHT: Expect Better 2Q18 Results Driven By ADR and Hotel Volumes; Maintain BUY

HTHT will report 2Q18 results on August 22nd after the markets close followed by a 9pm EST conference call. The company continues to enjoy growth driven by hotel volume as well as ADR growth, while the occupancy rate remains steady at a high level. Based on the data released by the company, we believe HTHT’s total revenue is likely to grow 26.7% Y/Y to reach RMB2,521.1M in 2Q18, better than topline consensus at RMB2,486.5M (25.0% Y/Y growth). We maintain our BUY rating.

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