Welcome to our dedicated page for H World Group American news (Ticker: HTHT), a resource for investors and traders seeking the latest updates and insights on H World Group American stock.
H World Group Limited reports recurring developments from its hotel network, asset-light operating model and dual listing as Nasdaq-traded ADSs and Hong Kong-listed shares. Company news centers on quarterly and annual financial results, hotel openings and closures, pipeline updates, hotel turnover, revenue, adjusted EBITDA, occupancy, ADR and RevPAR across leased and owned properties and manachised and franchised hotels.
Updates also cover brand development within the group’s portfolio, including Hanting, JI Hotel, Crystal Orange Hotel, Steigenberger Hotels & Resorts, Steigenberger Icons and MAXX. Recurring themes include the Legacy-Huazhu and Legacy-DH segments, franchise-fee economics, loyalty and digital capabilities, dividend actions and annual meeting materials for the foreign issuer.
Huazhu Group Limited (NASDAQ: HTHT) reported its Q3 2021 results, revealing a net loss of RMB137 million (US$22 million), improved from a net loss of RMB212 million in Q3 2020. Revenue increased 11.6% year-over-year to RMB3.5 billion (US$547 million), aligning with earlier guidance. RevPAR for its Legacy-Huazhu division declined 5.9% YOY, while occupancy rate fell to 71.9%. Huazhu expects Q4 revenue growth of 6%-10%, or a potential decline of 4%-8% excluding its Legacy-DH segment. The company has a pipeline of 2,827 unopened hotels.
Huazhu Group Limited (NASDAQ: HTHT) plans to release its unaudited financial results for Q3 2021 on November 24, 2021. The results will be accessible on the investor relations website, followed by a conference call scheduled for the same day at 8 p.m. U.S. Eastern time. As of September 30, 2021, Huazhu operated 7,466 hotels with 722,983 rooms across 17 countries. The company emphasizes its diverse operational models, with 15% of rooms under lease and ownership and 85% under manachise and franchise. For further inquiries, investor relations contact details are provided.
Huazhu Group Limited (NASDAQ: HTHT) reported its preliminary Q3 2021 results, showing a strong recovery in RevPAR after early COVID-19 impacts. By late September, RevPAR for Legacy-Huazhu climbed to nearly 92% of 2019 levels but faced setbacks due to a recent outbreak in Fujian. Despite these challenges, over 20 upscale hotels were signed in early October via a joint venture. In Germany, Steigenberger Hotels experienced steady recovery with a RevPAR of approximately 65% of 2019 levels. Cost reduction strategies are in place to enhance cash flow.
On September 28, 2021, Huazhu Group Limited (NASDAQ: HTHT) announced the appointment of Jihong He as Chief Executive Officer for International Business, effective October 1, 2021. Ms. He joins from CapitaLand, where she was Chief Strategy Officer. With her extensive experience in global management and leadership, including roles at Ascendas Singbridge Group and Temasek International, she aims to enhance Huazhu's presence in the global hospitality sector and oversee its international operations, particularly Deutsche Hospitality.
Huazhu Group Limited (NASDAQ: HTHT) announced leadership changes effective October 1, 2021. Mr. Qi Ji will step down as CEO for personal reasons but remain chairman of the board. Mr. Hui Jin, who has been with the company since 2005, will succeed him as CEO. Ms. Xinxin Liu, currently chief digital officer, will become president. These appointments aim to maintain momentum and drive Huazhu's growth following significant contributions from both Jiang and Liu in technology and expansion.
Huazhu Group Limited (NASDAQ: HTHT) reported robust financial results for Q2 2021, with revenue reaching RMB3.6 billion (US$556 million), an 83.7% increase year-over-year, despite falling short of previous guidance. The company achieved net income of RMB378 million (US$59 million), a significant recovery from a net loss of RMB548 million in Q2 2020. Operating cash flow stood at RMB1.2 billion (US$192 million). However, revenue guidance for the full year was revised downward to 29%-33%, reflecting pandemic impacts. The company continues to expand its hotel network, with a total of 7,126 hotels in operation.
Huazhu Group Limited (NASDAQ: HTHT) is set to release its unaudited financial results for Q2 2021 on August 24, 2021, after Hong Kong trading hours and before the U.S. market opens. The earnings will be accessible on the investor relations website. A conference call will follow the announcement at 9 p.m. U.S. Eastern time, where preregistration is required. As of June 30, 2021, Huazhu operates 7,126 hotels in 17 countries. The company’s business model includes leased, owned, manachised, and franchised hotels, maintaining a consistent standard across all properties.
Huazhu Group Limited (NASDAQ: HTHT) announced its Q2 2021 hotel operations, revealing a RevPAR recovery to 102% of 2019 levels, slightly below expectations. In June, RevPAR reached 100%, impacted by COVID-19 resurgences in Guangdong and Beijing. As of July 2021, recovery progressed with improved occupancy rates, reaching 35% in Germany due to vaccinations. In Q2 2021, Huazhu opened 18 hotels, despite 156 closures, totaling 7,004 operational hotels. However, uncertainties remain due to potential COVID-19 spikes in Europe. Overall, the data reflects a cautious optimism in hotel demand recovery.
Huazhu Group Limited (NASDAQ: HTHT) has announced a partnership between its subsidiary Steigenberger Hotels AG and Porsche Lizenz- und Handelsgesellschaft to create a new luxury lifestyle hotel brand called Steigenberger Porsche Design Hotels. This brand aims to launch in select international cities, enhancing Huazhu’s portfolio of 6,881 hotels across 16 countries. The collaboration underscores Huazhu's commitment to expanding its market presence and enhancing brand value.
Huazhu Group Limited (NASDAQ: HTHT) held its 2021 annual general meeting on June 25, 2021, where significant resolutions were passed. The appointment of Deloitte as auditor for 2021 was ratified. A share subdivision was approved, converting each ordinary and preferred share into ten shares of lower par value, pending Hong Kong Stock Exchange approval. Additionally, amendments to the memorandum and articles of association were approved. The share certificates for ordinary shares will remain valid until August 3, 2021. The ADS ratio will change from 1:1 to 1:10 upon the subdivision's effectiveness on June 29, 2021.