Huazhu Group Takes Measures Amid SARS-like Virus in Wuhan
Huazhu Hotels Group Ltd. (Nasdaq: HTHT) announced today that it decided to suspend the alliance fee and central reservation fee for franchises in the city of Wuhan as of January 23. Jiemian reported this measure to aim to reduce the burden of operation during the outbreak of SARS-like virus in this area.
In addition, Huazhu said it will provide catering and other services for stranded guests in Wuhan to ensure the configuration of various anti-epidemic materials, including masks, temperature measuring instruments, disposable hand sanitizers, alcohol, disinfectant and daily guest supplies.
According to The New York Times, Wuhan announced to be sealed off at midnight today. All transportation including airplanes trains and long-distance bus are shut. The city's bus, subway, and ferry operations are suspended. On Weibo, a Chinese social media site similar to Twitter, the hashtag "Wuhan is sealed off" was on the top with more than 1.6 million views.
To prevent and control the virus in the city of Wuhan, Huazhu added it placed a guest book in all rooms to remind people of epidemic prevention.
Huazhu's stock was influenced by this fast spreading virus, dropping nearly 2% on Thursday, trading at $33.24 per share