H World Group Stock Price, News & Analysis

Huazhu Group Limited (NASDAQ: HTHT) held its 2022 Annual General Meeting on June 24, 2022, where shareholders approved several key resolutions. Notable decisions included appointing Deloitte Touche Tohmatsu as the auditor for 2022 and changing the company's English name to H World Group Limited, pending regulatory approval. Additionally, amendments to the company's articles of association were ratified, reflecting the name change. As of March 31, 2022, Huazhu operated nearly 8,000 hotels across 17 countries, demonstrating its significant presence in the global hotel industry.

Huazhu Group Limited (NASDAQ: HTHT) reported a net loss of RMB630 million for Q1 2022, worsened from RMB248 million in Q1 2021 due to COVID-19 impacts. Revenue rose 15.2% year-over-year to RMB2.7 billion, meeting guidance. Hotel turnover increased 16.4%, and the company opened 302 hotels, but occupancy fell to 59.2%. Q2 2022 Guidance predicts a 2% to 6% revenue decline year-over-year, largely from the Omicron variant effects. As of March 31, 2022, Huazhu operated 7,988 hotels and 764,859 rooms.

Huazhu Group Limited (NASDAQ: HTHT) will release its unaudited financial results for Q1 2022 on May 30, 2022, after Hong Kong trading hours. A conference call is scheduled for May 31, 2022, at 7 a.m. U.S. Eastern time, allowing participants to register online for access. As of March 31, 2022, Huazhu operates 7,988 hotels across 17 countries, highlighting its extensive reach in the hotel industry. The company uses a mix of lease, ownership, manachised, and franchised models to operate, with 86% of rooms under manachise and franchise.

Huazhu Group Limited (NASDAQ: HTHT) announced preliminary Q1 2022 results, showing RevPAR recovery impacted by the Omicron variant outbreak in China. Despite initial recovery, severe lockdowns reduced travel activities. However, demand rose for quarantine accommodations. Legacy-DH hotels saw improved RevPAR recovery in Germany, reaching 65% of 2019 levels in March. The company aims to enhance cash flow through cost management and operational efficiencies. As of Q1 2022, Huazhu operated 7,868 hotels with a notable decline in occupancy rates compared to both previous quarters and pre-pandemic levels.

Huazhu Group Limited (NASDAQ: HTHT) reported its unaudited financial results for Q4 and the full year of 2021, showing a year-over-year revenue increase of 9.1% to RMB3.4 billion in Q4 and 25.4% to RMB12.8 billion for the full year. However, the company faced a net loss of RMB459 million for Q4, compared to a profit of RMB703 million in Q4 2020, with a total net loss of RMB465 million for the year. Looking ahead, Huazhu expects revenue growth of 11%-15% in Q1 2022 and 15%-20% for the full year, notwithstanding challenges from ongoing COVID-19 impacts and global uncertainties.

Huazhu Group Limited (NASDAQ: HTHT) announced its unaudited financial results for Q4 and full year 2021 will be released on March 23, 2022. The results will be accessible on its investor relations website. Following this release, a conference call is scheduled for 9 p.m. EST on the same day, allowing participants to preregister online. The company operates 7,830 hotels globally and has a business model comprising leased, owned, manachised, and franchised hotels. Huazhu's consistent standards across its properties support its robust operational strategy.

Huazhu Group Limited (NASDAQ: HTHT) has announced a cash dividend of US$0.021 per ordinary share, translating to US$0.21 per American Depositary Share (ADS). Eligible shareholders as of March 24, 2022, will receive the dividend, expected to be distributed on or about April 14, 2022, for ordinary shares and April 21, 2022, for ADS holders. The total amount for this dividend is approximately US$68 million. As of September 30, 2021, Huazhu reported cash and cash equivalents of US$836 million, supporting its dividend distribution.

Huazhu Group Limited (NASDAQ: HTHT) released its preliminary results for Q4 2021 and the full year ending December 31, 2021. The hotel group's RevPAR recovery was hindered by COVID-19 resurgences, with recovery rates at 90%, 76%, and 90% for October, November, and December, respectively. The ongoing pandemic and new variants present uncertainties for early 2022. In Q4, the hotel closures were attributed to brand compliance issues and operational losses. Overall, the average daily rate increased, while occupancy rates fell significantly, impacting RevPAR negatively versus pre-pandemic levels.

Huazhu Group Limited (NASDAQ: HTHT) announced the resignation of Mr. Sébastien Bazin as a director, effective immediately. Following his departure, Mr. Gaurav Bhushan also ceased to be an alternate director. This change leaves the Board with seven directors, including Qi Ji and Shangzhi Zhang. The company expresses gratitude to Mr. Bazin and Mr. Bhushan for their contributions. As of September 30, 2021, Huazhu operates 7,466 hotels with 722,983 rooms across 17 countries, primarily under manachised and franchise models.