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 (HTHT) operates one of Asia's most dynamic hotel networks through its asset-light franchise model and multi-brand strategy. This page aggregates official announcements, financial updates, and strategic developments for investors tracking China's hospitality sector evolution.
Access real-time updates including quarterly results, property expansions, leadership changes, and partnership agreements. Our curated feed ensures you never miss critical information about HTHT's economy-to-luxury brand portfolio or international growth initiatives.
Key updates cover earnings releases, new hotel openings, technology implementations, and market expansion strategies. All content is sourced directly from company filings and verified channels to maintain regulatory compliance.
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H World Group (NASDAQ: HTHT and HKEX: 1179) has announced a change in its executive leadership. Mr. Jun Zou will step down as Chief Financial Officer on September 4, 2024, due to personal reasons. Ms. Hui Chen, the current Chief Compliance Officer, will assume the role of Chief Financial Officer effective the same date.
Ms. Chen brings extensive financial management experience in China's travel and hotel industries. She has a history with H World, having served in various financial roles since 2014, including a previous stint as CFO from May 2021 to December 2022. Her background also includes CFO positions at Cjia Group and Home Inns Group, as well as a finance director role at Trip.com. Ms. Chen holds a master's degree in management from Shanghai Jiaotong University.
H World Group (NASDAQ: HTHT, HKEX: 1179) reported strong Q2 and H1 2024 financial results. Revenue grew 14.1% year-over-year to RMB 11.4 billion (USD 1.6 billion) in H1 2024, with Q2 revenue reaching RMB 6.1 billion (USD 846 million), up 11.2% year-over-year. Income from operations increased to RMB 2.6 billion (USD 354 million) in H1 2024, with Q2 operating margin improving to 25.6%. The company's hotel network expanded to 10,286 hotels worldwide, with 3,294 under development. H World upgraded its 2024 hotel opening guidance to over 2,200 hotels. The board announced a three-year shareholder return plan of up to $2 billion and approved a five-year share repurchase plan of up to $1 billion, reflecting confidence in long-term growth prospects.
H World Group (NASDAQ: HTHT) reported its unaudited financial results for Q2 2024. The company operated 10,286 hotels with 1,001,865 rooms globally as of June 30, 2024.
Hotel turnover increased 15.5% YoY to RMB23.4 billion. Revenue rose 11.2% YoY to RMB6.1 billion, at the high end of the previously announced guidance. The Legacy-Huazhu segment's revenue increased 11.1%, while the Legacy-DH segment's revenue rose 11.6% YoY.
Net income attributable to H World was RMB1.1 billion, up from RMB1.0 billion in Q2 2023. EBITDA (non-GAAP) was RMB1.9 billion, and adjusted EBITDA was RMB2.0 billion.
For Q3 2024, H World expects revenue growth of 2%-5% YoY. The company also revised its full-year 2024 hotel opening guidance to over 2,200 hotels, up from around 1,800. During Q2 2024, H World opened 567 hotels but saw Legacy-Huazhu's blended RevPAR decline by 2% YoY.
H World Group (NASDAQ: HTHT, HKEX: 1179), a major player in the global hotel industry, has announced the release date for its unaudited financial results for the second quarter and interim of 2024. The results will be disclosed on August 20, 2024, after Hong Kong Stock Exchange trading hours and before the U.S. market opens. A conference call is scheduled for 9 p.m. U.S. Eastern time on August 20, 2024 (9 a.m. Hong Kong time on August 21, 2024). Participants must pre-register for the call using a provided link. A live webcast will be available, and a replay will be accessible for twelve months on the company's website.
H World Group (NASDAQ: HTHT, HKEX: 1179) has announced a three-year shareholder return plan with distributions of up to US$2 billion, effective July 23, 2024. The plan includes:
1. An amended dividend policy with semi-annual distributions of at least 60% of annual net income.
2. A US$200 million cash dividend for H1 2024 (US$0.63 per ADS), payable September 3, 2024.
3. A new five-year share repurchase program of up to US$1 billion, effective August 21, 2024.
These initiatives demonstrate H World's commitment to enhancing shareholder value and long-term growth.
On July 2, 2024, H World Group (NASDAQ: HTHT, HKEX: 1179) announced changes to its board of directors. Mr. Shangzhi Zhang will step down as a director to become an observer, while Ms. Jie Zheng will join as an executive director. Ms. Zheng brings over 20 years of leadership experience in automotive and hospitality sectors, having held senior positions at Fiat Chrysler Automobiles Group in China and Honeywell. She rejoined H World in January 2023 as a senior advisor and supervisory board member of Steigenberger Hotels GmbH. She holds degrees from Shanghai International Studies University, Rutgers University, and Arizona State University, and is pursuing a PhD in psychology. Ms. Zheng has been recognized as one of the Most Influential Business Women in China by Fortune and received the Mulan Award for Top Business Women in China. The company's founder, Qi Ji, expressed confidence in Ms. Zheng's leadership and expertise.
H World Group (NASDAQ: HTHT, HKEX: 1179) announced the successful outcomes of its 2024 annual general meeting (AGM) held on June 27, 2024.
Key resolutions passed include the ratification of Deloitte Touche Tohmatsu as the Company's auditor for 2024, authorization for Company directors to set the auditor's remuneration, and the amendment of the 2023 share incentive plan.
The AGM also approved the authorization of directors or designated officers to take necessary actions to implement these resolutions.
H World Group (NASDAQ: HTHT, HKEX: 1179) reported a 17.8% year-over-year increase in revenue to RMB 5.3 billion (USD 731 million) for Q1 2024, surpassing guidance. Legacy-Huazhu segment revenue rose 18.1%, while Legacy-DH segment saw a 16.6% revenue increase. Net income dropped to RMB 659 million, down from RMB 990 million in Q1 2023. Adjusted EBITDA grew 40% year-over-year to RMB 1.4 billion. The company operates 9,817 hotels with 955,657 rooms and plans to open 3,172 more. Q2 2024 revenue growth is projected at 7-11%. CEO Jin Hui noted strong results and ongoing network expansion despite potential near-term RevPAR fluctuations.
H World Group , a key player in the global hotel industry, will release its unaudited financial results for the first quarter of 2024 on May 17, 2024. The management will host a conference call on May 19, 2024, to discuss the results. Participants can join the call via phone or webcast. A replay will be available on the company's website for twelve months.
H World Group completed its put right offer for its 3.00% Convertible Senior Notes due 2026, with none of the Notes being surrendered. The aggregate repurchase price was nil. The offer expired on April 29, 2024. More information is available on the SEC's and Company's websites.
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