H World Group Stock Price, News & Analysis

Huazhu Group Limited (HTHT) reported its Q1 2021 financial results, showing a strong recovery from COVID-19 effects. The hotel turnover surged 66.3% year-over-year to RMB8.2 billion, while net revenues increased 15.6% to RMB2.3 billion (US$355 million), exceeding previous guidance. Despite a net loss of RMB248 million (US$38 million), this was significantly improved from RMB2.1 billion in Q1 2020. Huazhu anticipates Q2 2021 net revenue growth of 87%-89% year-over-year and expects to operate 6,881 hotels, with 2,649 in the pipeline. The acquisition of CitiGO is set to enhance its brand portfolio.

Huazhu Group Limited (NASDAQ: HTHT) announced it will release its unaudited financial results for Q1 2021 on May 25, 2021, after trading hours in Hong Kong and before the U.S. market opens. The earnings release will be available on the company’s investor relations website. A conference call is scheduled for the same day at 9 p.m. U.S. Eastern time to discuss the results, requiring preregistration. As of March 31, 2021, Huazhu operates 6,881 hotels with 662,512 rooms across 16 countries.

Huazhu Group Limited (NASDAQ: HTHT) announced the resignation of CFO Teo Nee Chuan for personal reasons, effective May 10, 2021. Ms. Hui Chen, the chief compliance officer, will succeed him, bringing extensive financial expertise in travel and hotel sectors. Additionally, Mr. Dong Li and Ms. Fei Ye will serve as deputy CFOs. As of March 31, 2021, Huazhu operated 6,881 hotels with over 662,000 rooms across 16 countries, emphasizing its strong market position in the hospitality industry.

Huazhu Group Limited (HTHT) reported preliminary Q1 2021 results, highlighting a strong recovery in hotel demand post-Chinese New Year, with RevPAR rebounding to 95% of 2019 levels in March. However, COVID-19 resurgence negatively impacted occupancy rates and hotel openings, with Q1 RevPAR declining 27.8% year-over-year. The company adopted cost reduction measures due to ongoing pandemic challenges, particularly affecting its European operations. By March 31, 2021, Huazhu had 6,761 operational hotels with a total of 638,619 rooms.

Huazhu Group Limited (NASDAQ: HTHT) reported its financial results for Q4 and FY 2020. The company saw a 5.5% revenue increase in Q4 to RMB3.1 billion (US$471 million) but a 9.1% decline for the year to RMB10.2 billion (US$1.6 billion). Notably, net income for Q4 was RMB703 million (US$108 million), up from a net loss in the previous quarter. However, overall, Huazhu faced a net loss of RMB2.2 billion (US$336 million) for FY 2020. The company anticipates a 50%-54% revenue growth for FY 2021, despite ongoing challenges from COVID-19.

Huazhu Group Limited (NASDAQ: HTHT) has announced a joint venture with Sunac China and Chengdu Global Times to form Yongle Huazhu Hotel & Resort Group in China, with a registered capital of RMB 50 million. Huazhu holds a 50% stake, while Sunac and the Strategic Partner hold 40% and 10%, respectively. The JV aims to provide hotel management services and plans to develop over 200 hotels in five years, focusing on upscale properties. Huazhu will offer operational support and authorize branding rights for its hotels in Mainland China.

Huazhu Group Limited (NASDAQ: HTHT) has announced the scheduled release of its unaudited financial results for Q4 2020 and the full year on March 24, 2021. The results will be available post Hong Kong trading hours and before the U.S. market opens. Huazhu operates 6,789 hotels with over 639,000 rooms across 16 countries. The company will host a conference call on March 24, 2021, at 9 p.m. ET, with preregistration required for participants. The call will also be available via webcast. The press release emphasizes Huazhu's diverse hotel management models and recent acquisitions.

Huazhu Group Limited (NASDAQ: HTHT) has completed an internal investigation regarding allegations made by Bonitas Research. The audit committee found no material misstatements in financial documents related to 2019. The investigation corroborated the company's previous responses to the allegations. CEO Qi Ji expressed confidence in the company's governance and fundamentals, highlighting its commitment to transparency. As of December 31, 2020, Huazhu operated 6,789 hotels across 16 countries, maintaining a balanced portfolio of leased, owned, manachised, and franchised models.

Huazhu Group Limited (NASDAQ: HTHT) reported preliminary results for Q4 2020 and the full year ended December 31, 2020, showing signs of recovery despite challenges from COVID-19. The company noted that net revenues in China exceeded previous guidance, reflecting a resilient travel demand. In Q4, Huazhu opened 393 hotels, bringing total operational hotels to 6,669. However, the average daily room rate declined by 0.5%, and occupancy rates decreased across various segments. Cost control measures were implemented, and the company actively sought new opportunities in pandemic prevention efforts.