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H World Group Limited American Depositary Shares - $HTHT STOCK NEWS

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Rhea-AI Summary
H World Group Limited (HTHT, 1179) reports impressive financial results with a 53.6% year-over-year revenue increase, reaching RMB6.3 billion in the third quarter of 2023. The Group's hotel turnover also surged by 55.1% to RMB23.5 billion, with net income of RMB1.3 billion. The company's worldwide hotel network in operation totaled 9,157 hotels and 885,756 rooms, showcasing a robust expansion. Legacy-Huazhu's performance was particularly outstanding, with RevPAR recovering to 129% of 2019 levels, reflecting strong ADR and OCC growth. H World's strategic focus on economy and midscale brands and deepening limited-service hotels has contributed to its market-leading position and continuous growth momentum.
Rhea-AI Impact
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End-of-Day
-0.3%
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Rhea-AI Summary
H World Group Limited (HTHT) announced unaudited financial results for Q3 2023, with a 53.6% year-over-year revenue increase to RMB6.3 billion, net income of RMB1.3 billion, and EBITDA of RMB2.1 billion.
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Rhea-AI Sentiment
End-of-Day
-0.3%
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Rhea-AI Summary
H World Group Limited (NASDAQ: HTHT, HKEX: 1179) proudly served as the official reception hotel for the Arab exhibition delegation at the China International Import Expo International Investment and Financial Cooperation Forum. With a strong focus on the Chinese market, H World is expanding its hotel network in lower-tier markets and internationally, particularly targeting the Middle East.
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Rhea-AI Sentiment
End-of-Day
2.5%
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Rhea-AI Summary
H World Group Limited (NASDAQ: HTHT and HKEX: 1179) announced the schedule for releasing its unaudited financial results for Q3 2023 on November 24, 2023. The management will host a conference call on November 26, 2023, providing details for participation and access to a live webcast. A replay of the call will be available for twelve months.
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End-of-Day
0.58%
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Rhea-AI Summary
H World Group Limited, a leading player in the hotel industry in China, is actively implementing its green development strategy. The Group operates nearly 10,000 hotels in 18 countries, with 886,000 rooms and over 200 million members. They focus on Green Buildings, Green Operations, and Green Services to improve energy efficiency and reduce waste. H World is committed to ESG sustainable development principles and aims to create a better life for customers, franchisees, employees, and ecosystem partners.
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Rhea-AI Sentiment
End-of-Day
3.32%
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none
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H World Group Limited, a leading hotel group, showcased its rapid business recovery at the Hotel Investment Conference Asia Pacific 2023. The Chief Financial Officer highlighted the company's growth and resilience, with RevPAR reaching 140% of pre-pandemic levels during Chinese New Year.
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Rhea-AI Sentiment
End-of-Day
-1.18%
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none
Rhea-AI Summary
H World Group announces preliminary results for hotel operations in Q3 2023
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Rhea-AI Summary
H World Group Limited announces preliminary results for Q3 2023
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Rhea-AI Sentiment
End-of-Day
-0.5%
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none
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Rhea-AI Summary
H World Group reported strong financial results with a significant increase in revenue and hotel turnover. Revenue for the first half of 2023 increased by 65.1% compared to the previous year. The hotel turnover increased by 72.0% year-over-year in the second quarter of 2023. Legacy-Huazhu signed over 1,000 new hotels, reaching a historical high. The ADR and OCC for Legacy-Huazhu hotels also showed positive growth. The CEO expressed confidence in the recovery and positive outlook for the business.
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Rhea-AI Sentiment
End-of-Day
-5.25%
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Rhea-AI Summary
H World Group reports strong Q2 2023 financial results with significant revenue and net income growth
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Rhea-AI Sentiment
End-of-Day
-5.41%
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H World Group Limited American Depositary Shares

Nasdaq:HTHT

HTHT Rankings

HTHT Stock Data

12.54B
1.98B
1.01%
49.39%
2.87%
Hotels (except Casino Hotels) and Motels
Accommodation and Food Services
Link
United States of America
Shanghai

About HTHT

H World Group Limited, formerly Huazhu Group Limited, is a China-based investment holding company.