On the night of August 29th, Yaduo Group released its Q2 2024 financial report. During the reporting period, Yaduo Group achieved a total revenue of 1.797 billion yuan, a year-on-year increase of 64.5%; The adjusted net profit was 328 million yuan, a year-on-year increase of 31.6%.
From the perspective of business indicators, the financial report shows that in the second quarter of this year, the average revenue from rentable rooms (RevPAR) of Yaduo Group hotels was 359 yuan; The average daily room rate (ADR) is 441 yuan; The occupancy rate (OCC) reached 78.4%, a year-on-year increase of 1.3 percentage points.
According to the financial report, in the second quarter of 2024, Yaduo Group opened a total of 123 new hotels, which further accelerated the pace of expanding stores compared to the 97 new hotels opened in the previous quarter. As of the end of the second quarter, Yaduo Group had 1412 operating hotels, a year-on-year increase of 36.6%, and 712 hotels under development in its pipeline.
According to Yaduo Group, based on positive expectations for the company's performance growth, Yaduo Group has released its full year performance guidance, expecting a year-on-year revenue growth of 48% to 52% in 2024.