Welcome to our dedicated page for H World Group news (Ticker: HTHT), a resource for investors and traders seeking the latest updates and insights on H World Group stock.
H World Group Limited (NASDAQ: HTHT; HKEX: 01179) is a China-headquartered global hospitality company whose news flow centers on hotel network expansion, brand development, financial performance and capital markets activity. Originating in China and operating across 19 countries, the group reports on developments across its multi-brand portfolio, which includes HanTing Hotel, JI Hotel, Orange Hotel, Crystal Orange Hotel, IntercityHotel, MAXX, Steigenberger Hotels & Resorts, Steigenberger Icons and other brands.
News about H World often highlights its asset-light strategy and the balance between leased and owned hotels and manachised and franchised hotels. Regular quarterly and interim releases provide unaudited financial results, segment performance for Legacy-Huazhu and Legacy-DH, and updates on metrics such as hotel turnover, revenue mix, and operating margin. These announcements also describe the growth of its H Rewards loyalty program and the role of its digital platforms and central reservation system in driving direct bookings.
Investors following HTHT news can also expect updates on international expansion, particularly in Asia Pacific. Recent announcements have covered signings and openings of JI Hotel, MAXX and Steigenberger-branded properties in markets such as Singapore, Cambodia, Laos and Malaysia, as well as milestones like the sixth anniversary of JI Hotel Orchard Road Singapore. In addition, H World issues releases on events such as capital markets days, board composition changes, cash dividend declarations and conference call schedules.
This news page aggregates these company-specific updates so readers can review H World’s operating trends, brand activity, network growth and corporate actions as disclosed in its press releases and related communications.
Huazhu Group Limited (NASDAQ: HTHT) announced preliminary Q3 2020 results, highlighting a gradual recovery in hotel operations despite COVID-19 impacts. The occupancy rate improved, driven mainly by leisure travel, with 91% of Steigenberger Hotels AG's properties operational as of October 31. However, the recovery paused in late September due to a new COVID-19 wave in Europe. Huazhu is adjusting its hotel portfolio by closing 550-600 hotels, increasing from 350-450. Expected net revenues for Q3 2020 may see a 0-2% rise year-over-year, with a decline of 10-12% if excluding Steigenberger.
Huazhu Group Limited (Nasdaq: HTHT) has completed its put right offer for its 0.375% Convertible Senior Notes due 2022. The offer expired on October 29, 2020, with a total of US$6,000 in principal amount validly surrendered. The company accepted all surrendered Notes for repurchase and has processed payments through its paying agent. As of June 30, 2020, Huazhu operates 6,187 hotels worldwide, significantly expanding its portfolio following the acquisition of Deutsche Hospitality.
Huazhu Group Limited (Nasdaq: HTHT) announced a Put Right for holders of its 0.375% Convertible Senior Notes due 2022. Starting October 1, 2020, holders can request the company to repurchase their Notes at 100% of the principal amount, plus any accrued interest, until October 29, 2020. As of September 28, 2020, US$474,992,000 in aggregate principal of Notes is outstanding. The company will pay accrued interest on November 2, 2020, irrespective of Put Right exercise. A Tender Offer Statement will be filed with the SEC, providing detailed terms and procedures.
Huazhu Group Limited (Nasdaq: HTHT) announced the opportunity for holders of its 0.375% Convertible Senior Notes due 2022 to exercise their Put Right to require the company to purchase their Notes for cash on November 2, 2020. This right is available from October 1, 2020, until October 29, 2020, with a total of US$474,992,000 in aggregate principal amount outstanding as of September 28, 2020. The repurchase price will include any accrued interest, and interested holders can find details in the Put Right Notice.
Huazhu Group Limited (Nasdaq: HTHT) has responded to a short seller report from Bonitas Research, reiterating that the allegations are unfounded and filled with inaccuracies. The company, which operates 6,187 hotels worldwide, emphasized its commitment to corporate governance and compliance with regulatory standards. Huazhu will respond to future allegations only if legally necessary, without acknowledging any merit in those claims. As of June 30, 2020, the company continues to expand its portfolio, including acquisitions like Deutsche Hospitality completed in January 2020.
Huazhu Group Limited (NASDAQ: HTHT) has responded to a recent short seller report by Bonitas Research, released on September 29, 2020, stating that the allegations are unfounded and filled with inaccuracies. The company emphasizes its commitment to transparent corporate governance and adherence to applicable regulations. As of June 30, 2020, Huazhu operated 6,187 hotels across 16 countries, with a diverse portfolio of brands. The firm will limit future responses to allegations unless legally required, emphasizing the importance of not interpreting this as an admission of truth regarding any claims.
Huazhu Group Limited (Nasdaq: HTHT) has formed a special committee to investigate allegations made in a recent short seller report by Bonitas Research LLC. Despite the company's belief that the report is unfounded and contains significant errors, the board aims to ensure transparency for shareholders. The special committee, comprising key executives, will review the claims and has engaged independent legal counsel. Huazhu also plans to submit a preliminary rebuttal to the Hong Kong Stock Exchange addressing the report's inaccuracies.
Huazhu Group Limited (Nasdaq: HTHT) announced the pricing of its global offering of 20,422,150 new ordinary shares at HK$297 each (approx. US$38.32 per ADS). The offering is expected to raise HK$6,065.4 million and will close on September 22, 2020, pending approval from The Stock Exchange of Hong Kong. Proceeds will fund capital expenditures for hotel network expansion, repay part of a US$500 million credit facility, and improve technology platforms. The offering includes an option for underwriters to purchase an additional 3,063,300 shares.
Huazhu Group Limited (NASDAQ: HTHT) reported a net revenue decline of 31.7% year-over-year to RMB2.0 billion (US$277 million) for Q2 2020, slightly better than guidance. The net loss narrowed to RMB548 million (US$76 million) from RMB2.1 billion in Q1 2020. Adjusted EBITDA was negative RMB97 million (US$13 million). Legacy Huazhu's RevPAR showed signs of recovery, increasing from RMB137 in June to RMB187 in August. As of June 30, 2020, the company operated 6,187 hotels and had 2,375 in the pipeline. Cash flow from operating activities stood at RMB512 million (US$74 million).
Huazhu Group Limited (Nasdaq: HTHT) announced its Hong Kong Public Offering of 20,422,150 new ordinary shares, set to list on the HKEx under the stock code 1179.HK. The offering comprises 2,042,300 new shares for the public and 18,379,850 shares for international investors. The shares will be priced at a maximum of HK$368.00 each. Proceeds will fund capital expenditures, repay debt, and enhance technology platforms. The offering opens on September 11 and closes on September 16, with trading expected to commence on September 22.