T. H. Data Flash – China Lodging Group, Ltd. (HTHT) – 1Q18: Expect Better 1Q18 Performance on Higher RevPAR and Hotel Room Volume; Maintain BUY
HTHT’s 1Q18 performance is likely to be better than consensus driven by both the growth in hotel room volume as well as average ADRs. Based on our proprietary data and calculations, we believe total revenue is likely to grow 30.8% Y/Y to reach RMB2,083.0M in 1Q18, higher than topline consensus at RMB2,001.4M (25.6% Y/Y growth). We maintain our BUY rating.
T.H. Capital is an independent research and investment advisory firm specializing in China. We offers real-time, on-the-ground, bottom-up research across a wide spectrum from macro and industry analysis to company specific projects; from China ADRs to international names that have meaningful exposure to China market. We deliver relevant, comprehensive and data driven research adding immense value to clients.
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