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 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.
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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