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.
H World Group Limited (NASDAQ: HTHT) reported positive financial results for 2022, achieving an 8.4% revenue increase to RMB13.9 billion. The fourth quarter saw a 10.7% rise in revenue, reaching RMB3.7 billion, supported by a robust recovery in the hotel and tourism sectors following pandemic restrictions. The Group's Adjusted EBITDA stood at RMB610 million, indicating strong operational resilience and effective cost management. With plans to expand its presence in lower-tier cities and increase its portfolio by opening 1,244 new hotels in 2022, H World is optimistic about China's consumption recovery in 2023. The Group also anticipates a significant growth in net revenue for Q1 2023, estimated at 61-65% compared to Q1 2022.
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.