H World Group Stock Price, News & Analysis

H World Group reported an 8.4% increase in revenue for 2022, reaching RMB13.9 billion, driven by a recovery in international business post-Covid-19 lockdowns. The Group's fourth-quarter revenue hit RMB3.7 billion, up 10.7% year-on-year. A notable performance was seen in Europe, where the legacy Deutsche Hospitality segment experienced a 108.5% revenue increase, totaling RMB3.2 billion. Plans for 2023 include opening 1,400 new hotels and projecting revenue growth of 42% to 46%. H World Group continues to focus on expanding into lower-tier markets and enhancing management efficiency.

H World Group Limited (NASDAQ: HTHT) reported its Q4 2022 results, with a 10.7% year-over-year revenue increase to RMB3.7 billion (US$537 million). For the full year, revenue rose 8.4% to RMB13.9 billion (US$2.0 billion). Despite strong hotel turnover growth of 10.5% in Q4, the Legacy-Huazhu segment faced challenges, showing a 0.7% revenue decline. The overall net loss narrowed to RMB124 million, down from RMB459 million year-over-year. Looking ahead, H World expects revenue growth of 61%-65% in Q1 2023 and 42%-46% for the full year, planning to open 1,400 hotels while closing 600-650.

H World Group (NASDAQ: HTHT) has upgraded its H Rewards program, enhancing its direct marketing model to include international hotel operations. This initiative aims to boost operational efficiency and streamline bookings for over 200 million members. Key features include a unified global distribution platform, allowing seamless cross-booking of hotels and membership benefits worldwide. Currently, 80% of bookings utilize this platform, with 76% from H Rewards members. Personalized services for Chinese travelers in Europe and other regions are also introduced. The Group emphasizes digitalization and sustainability through initiatives like the Green Living project.

H World Group Limited (NASDAQ: HTHT) will announce its Q4 and full-year 2022 financial results on March 27, 2023, after trading hours in Hong Kong and before the U.S. market opens. A conference call is scheduled for 9 p.m. ET on the same day, where management will discuss the results. As of December 31, 2022, H World operated 8,543 hotels with 809,478 rooms across 17 countries. The company employs a mix of lease, ownership, manachised, and franchised models, with 13% of hotel rooms under lease and ownership, and 87% under manachise and franchise models.

H World Group Limited (NASDAQ: HTHT) reported its preliminary hotel operations results for Q4 2022 and the full year ending December 31, 2022. In Q4, RevPAR for its Legacy-Huazhu business recovered to 83% of the 2019 level, with a notable recovery trend following the Chinese government's reopening policy. Blended RevPAR for Legacy-DH hotels was 110% of 2019 levels, largely driven by strong performance in Qatar and Egypt. Despite some improvements, occupancy rates remain lower than 2019 figures, and the company faces continued inflationary pressures on operating costs. Important data indicate ongoing efforts in cost management and rate increases.

H World Group Limited (NASDAQ: HTHT) has priced an underwritten public offering of 6,190,000 American depositary shares (ADSs) at US$42.00 each, with an option for underwriters to buy an additional 928,500 ADSs within 30 days. Proceeds will fund growth strategies amid post-COVID recovery, enhance competitiveness, and support technology and ESG initiatives. Goldman Sachs and UBS are underwriting the offering, which is registered with the SEC and effective as of January 10, 2023. The press release advises that it is not an offer to sell securities in jurisdictions where it would be unlawful.

H World Group Limited (NASDAQ: HTHT) has launched a public offering of $260 million of American depositary shares (ADSs), each representing ten ordinary shares. The offering is underwritten, with a 30-day option for underwriters to purchase an additional $39 million. Proceeds will fund growth strategies post-COVID, enhance competitiveness, and invest in technology and ESG initiatives. Goldman Sachs and UBS are acting as joint underwriters. The offering is subject to market conditions and follows the company's automatic shelf registration effective January 10, 2023.

H World Group Limited (NASDAQ: HTHT) announced a leadership change, with Ms. Hui Chen stepping down as Chief Financial Officer, effective immediately. Ms. Jihong He, previously the CEO for international business, will take over as CFO. Ms. He joined H World in October 2021, bringing extensive experience from roles at CapitaLand, Temasek, and Roland Berger. As of September 30, 2022, H World operates 8,402 hotels across 17 countries, utilizing various business models, primarily manachised and franchised, with 87% of its rooms under these models.

H World Group Limited (NASDAQ: HTHT) reported a revenue increase of 16.2% year-over-year to RMB4.1 billion (US$575 million) for Q3 2022, beating prior guidance. However, net loss widened to RMB717 million (US$101 million) compared to RMB137 million a year ago. Hotel turnover rose by 24.4% year-over-year, reflecting a recovery driven by pent-up demand. Despite operational challenges in China due to COVID, the Legacy-DH segment showed growth, with RevPAR reaching 102% of 2019 levels. Looking ahead, revenue for Q4 is expected to grow by 7% to 11%, but there is caution due to ongoing COVID uncertainties.