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.
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H World Group Limited (NASDAQ: HTHT) reported preliminary Q1 2023 results, showing a robust recovery in hotel operations. The company’s RevPAR for its Legacy-Huazhu business reached 118% of 2019 levels, with monthly recoveries at 96%, 140%, and 120% respectively. Strong average daily rate (ADR) growth supported this recovery amid pent-up demand. Despite COVID-19 impacts leading to hotel closures, H World signed over 670 new hotels in the quarter. The Legacy-DH segment also demonstrated promising recovery with a blended RevPAR of 94% compared to 2019. Operational metrics revealed an increase in occupancy rates and ADRs across different hotel categories, indicating a positive trend in the hospitality sector.