Huazhu Group Limited, together with its subsidiaries, develops leased and owned, manachised, and franchised hotels primarily in the People's Republic of China. The company operates hotels under its own brands, such as HanTing Hotel, Ni Hao Hotel, Hi Inn, Elan Hotel, Zleep Hotels, Ibis Hotel, JI Hotel, Orange Hotel, Starway Hotel, Ibis Styles Hotel, Crystal Orange Hotel, IntercityHotel, Manxin Hotel, Mercure Hotel, Madison Hotel, Novotel Hotel, oya Hotel, Blossom House, Steigenberger Hotels & Resorts, MAXX by Steigenberger, Jaz in the City, and Grand Mercure. As of March 31, 2021, it operated 6,881 hotels with 662,512 rooms in 16 countries. The company was formerly known as China Lodging Group, Limited and changed its name to Huazhu Group Limited in June 2018. Huazhu Group Limited was founded in 2005 and is headquartered in Shanghai, the People's Republic of China.
IPO Year: 2010
Exchange: NASDAQ
Website: huazhu.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/26/2024 | $47.00 | Buy | CLSA |
| 4/19/2024 | $48.00 | Outperform | Macquarie |
| 1/30/2024 | Overweight | JP Morgan | |
| 10/27/2022 | $43.00 → $34.00 | Outperform → Buy | Daiwa Securities |
| 8/30/2022 | Buy → Outperform | Daiwa Securities | |
| 6/1/2022 | Outperform → Buy | Daiwa Securities | |
| 3/25/2022 | Neutral → Outperform | Credit Suisse | |
| 9/24/2021 | $63.00 | Buy | UBS |
| 9/7/2021 | $59.00 | Buy | Jefferies |
SINGAPORE and SHANGHAI, Sept. 03, 2024 (GLOBE NEWSWIRE) -- H World Group Limited (NASDAQ:HTHT) ("H World" or the "Company"), a key player in the global hotel industry, today announced that Mr. Jun Zou will resign as the chief financial officer of the Company for personal reasons, effective on September 4, 2024. Ms. Hui Chen, the chief compliance officer of the Company, has been appointed as the chief financial officer of the Company, effective on September 4, 2024. Ms. Chen has deep financial management expertise in the travel and hotel industries in China. She initially joined H World in 2014. From 2014 to early 2016, Ms. Chen served as H World's executive vice president of finance respo
Revenue Growth, Enhanced Profitability, and Milestone Reached in Hotel Network HONG KONG, Aug. 20, 2024 /PRNewswire/ -- H World Group Limited ((", H World", or ", the Group", , NASDAQ:HTHT) announced its unaudited financial results for the second quarter ("Q2 2024") and interim period ended June 30, 2024. In the first half of the year, revenue increased by 14.1% year-over-year, with second quarter revenue growth slightly exceeding the upper limit of guidance. H World continues to prioritize customer-centricity, continuously improving the quality of its products and services, leading the industry toward high-quality development. In the first half of 2024, the Group achieved revenue of RMB 11
SINGAPORE and SHANGHAI, China, July 23, 2024 (GLOBE NEWSWIRE) -- H World Group Limited (NASDAQ:HTHT) ("H World" or the "Company"), a leading and fast-growing hotel group, today announced that, in order to enhance shareholder value, its board of directors (the "Board") has approved a three-year shareholder return plan with an aggregate amount of distributions that may be made to the Company's shareholders of up to US$2,000,000,000, effective from July 23, 2024 (the "Shareholder Return Plan"). Under the Shareholder Return Plan, the Board has the sole discretion to: (i) declare and distribute ordinary dividends semi-annually, the aggregate amount of which for each financial year shall be no l
SHANGHAI, July 02, 2024 (GLOBE NEWSWIRE) -- H World Group Limited (NASDAQ:HTHT) ("H World" or the "Company"), a key player in the global hotel industry, today announced that (i) Mr. Shangzhi Zhang will step down as a director of the board of directors of the Company (the "Board") and serve as an observer of the Board, effective from July 2, 2024, and (ii) Ms. Jie Zheng, a senior advisor of the Company and a supervisory board member of Steigenberger Hotels GmbH, a subsidiary of the Company, will serve as an executive director of the Board, effective from the same date. Ms. Zheng has over 20 years of leadership experience across automotive and hospitality sectors both in China and internati
SHANGHAI, June 27, 2024 (GLOBE NEWSWIRE) -- H World Group Limited (NASDAQ:HTHT) ("H World" or the "Company"), a key player in the global hotel industry, today announced that the 2024 annual general meeting of the Company (the "AGM") was held on June 27, 2024. During the AGM, the following proposed resolutions were duly passed: the ordinary resolution as set out in the notice of the AGM dated May 8, 2024 (the "Notice of AGM") regarding the ratification of appointment of Deloitte Touche Tohmatsu Certified Public Accountants LLP as auditor of the Company for 2024 and the authorization for the directors of the Company to determine the remuneration of the auditor;the ordinary resolution as set
SHANGHAI, China, April 30, 2024 (GLOBE NEWSWIRE) -- H World Group Limited (NASDAQ:HTHT, the "Company" or "H World"))), a key player in the global hotel industry, today announced that it has completed its previously announced put right offer relating to its 3.00% Convertible Senior Notes due 2026 (CUSIP No. 44332NAB2) (the "Notes"). The put right offer expired at 5:00 p.m., New York City time, on Monday, April 29, 2024. Based on information from Wilmington Trust, National Association as the paying agent for the Notes, none of the Notes were validly surrendered prior to the expiration of the put right offer. The aggregate repurchase price of these Notes was nil. Materials filed with the Sec
SHANGHAI, April 01, 2024 (GLOBE NEWSWIRE) -- H World Group Limited (NASDAQ:HTHT, the "Company" or "H World"))), a key player in the global hotel industry, today announced that it is notifying holders of its 3.00% Convertible Senior Notes due 2026 (CUSIP No. 44332NAB2) (the "Notes") that pursuant to the Indenture dated as of May 12, 2020 (the "Indenture") relating to the Notes by and between the Company and Wilmington Trust, National Association, as trustee and paying agent, each holder has the right, at the option of such holder, to require the Company to purchase all of such holder's Notes or any portion of the principal thereof that is equal to US$1,000 principal amount (or an integral m
Full Year RevPAR in China Recovered to 122% of the 2019 Level SINGAPORE and SHANGHAI, March 20, 2024 /PRNewswire/ -- H World Group Limited ((", H World", or ", the Group", , NASDAQ:HTHT) announced its unaudited financial results for the fourth quarter ("Q4 2023") and full year ended December 31, 2023. Strong Recovery Momentum in Legacy-Huazhu: RevPAR of 2023 Recovers to 122% of 2019 Levels Supported by the sustained recovery in both leisure and business travel demand, RevPAR in Q4 2023 recovered to 120% of the 2019 level for Legacy-Huazhu business (refers to H World's business in China). Breaking down into each month, the RevPAR in October, November and December 2023 recovered to 120%, 117%
SINGAPORE and SHANGHAI, China, Jan. 22, 2024 (GLOBE NEWSWIRE) -- H World Group Limited (NASDAQ:HTHT) ("H World", "we" or "our"), a key player in the global hotel industry, today announced preliminary results for hotel operations in the fourth quarter ("Q4 2023") and the full year ended December 31, 2023. Business update For our Legacy-Huazhu business, our RevPAR in Q4 2023 recovered to 120% of the 2019 level, supported by the sustained recovery in both leisure and business travel demand. Breaking down into each month, our RevPAR in October, November and December 2023 recovered to 120%, 117% and 123% of the 2019 levels, respectively. For the full year of 2023, our RevPAR reached 122% of
SHANGHAI, China, Jan. 02, 2024 (GLOBE NEWSWIRE) -- H World Group Limited (NASDAQ:HTHT) ("H World" or the "Company"), a key player in the global hotel industry, today announced that Ms. Jihong He will step down as the chief financial officer of the Company and serve as the chief strategy officer of the Company, effective from January 2, 2024. Mr. Jun Zou, the executive vice president of the Company, has been appointed as the chief financial officer of the Company, effective from the same date. Mr. Zou has over 30 years of experience in financial management and capital markets in the U.S., Europe and China. Prior to joining H World, Mr. Zou worked as the chief financial officer of Shenzhe
H World Group (NASDAQ:HTHT) has outperformed the market over the past 10 years by 6.64% on an annualized basis producing an average annual return of 17.61%. Currently, H World Group has a market capitalization of $9.98 billion. Buying $1000 In HTHT: If an investor had bought $1000 of HTHT stock 10 years ago, it would be worth $5,188.09 today based on a price of $31.79 for HTHT at the time of writing. H World Group's Performance Over Last 10 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated conte
JP Morgan analyst Andre Chang maintains H World Group (NASDAQ:HTHT) with a Overweight and raises the price target from $45 to $48.
H World Group Ltd (NASDAQ:HTHT) reported first-quarter FY24 sales growth of 17.8% year-on-year to RMB5.3 billion ($731 million), beating the analyst consensus estimate of $711.50 million. Revenue from Legacy-Huazhu segment increased 18.1% to RMB4.2 billion and that of Legacy-DH segment gained 16.6% to RMB1 billion. The occupancy rate for all the Legacy-Huazhu hotels in operation was 77.2% versus 75.6% in first-quarter FY23, and Blended RevPAR was RMB216 versus RMB210 in first-quarter FY23. The occupancy rate for all Legacy-DH hotels in operation was 55.8% versus 53.5% in first-quarter FY23 and Blended RevPAR was €58 compared to €55 in first-quarter FY23. The operating income for
H World Group (NASDAQ:HTHT) reported quarterly earnings of $0.34 per ADS which beat the analyst consensus estimate of $0.28 by 21.43 percent. This is a 24.44 percent decrease over earnings of $0.45 per ADS from the same period last year. The company reported quarterly sales of $731.00 million which beat the analyst consensus estimate of $711.50 million by 2.74 percent. This is a 12.12 percent increase over sales of $652.00 million the same period last year.
H World Group (NASDAQ:HTHT) reported quarterly earnings of $0.29 per share which beat the analyst consensus estimate of $0.28 by 3.57 percent. This is a 35.56 percent decrease over earnings of $0.45 per share from the same period last year. The company reported quarterly sales of $731.00 million which beat the analyst consensus estimate of $711.50 million by 2.74 percent. This is a 12.12 percent increase over sales of $652.00 million the same period last year.
With U.S. stock futures trading mixed this morning on Friday, some of the stocks that may grab investor focus today are as follows: Wall Street expects RBC Bearings Incorporated (NYSE:RBC) to report quarterly earnings at $2.36 per share on revenue of $413.51 million before the opening bell, according to data from Benzinga Pro. RBC Bearings shares fell 1% to $265.00 in after-hours trading. Applied Materials Inc (NASDAQ:AMAT) reported better-than-expected financial results for the second quarter on Thursday. The company said it sees third-quarter revenue of $6.65 billion, plus or minus $400 million, versus estimates of $6.576 billion. The company projects third-quarter adjusted earnings
The CNN Money Fear and Greed index showed some decline in the overall market sentiment, but the index remained in the “Greed” zone on Thursday. U.S. stocks settled lower on Thursday, after the Dow Jones index briefly surged above the 40,000 mark for the first time. The Dow has surged around 6% this year, while the S&P 500 gained about 11% in 2024. On the economic data front, U.S. initial jobless claims declined by 10,000 to 222,000 in the week ending May 11, compared to market estimates of 220,000. U.S. industrial production came in little changed in April, compared to a 0.1% gain in March. Deere & Co (NYSE:DE) reported upbeat second-quarter earnings, but lowered its net income 2
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CLSA resumed coverage of H World Group with a rating of Buy and set a new price target of $47.00
Macquarie initiated coverage of H World Group with a rating of Outperform and set a new price target of $48.00
JP Morgan initiated coverage of H World Group with a rating of Overweight
Daiwa Securities upgraded Huazhu Group from Outperform to Buy and set a new price target of $34.00 from $43.00 previously
Daiwa Securities downgraded Huazhu Group from Buy to Outperform
Daiwa Securities upgraded Huazhu Group from Outperform to Buy
Credit Suisse upgraded Huazhu Group from Neutral to Outperform
UBS initiated coverage of Huazhu Group with a rating of Buy and set a new price target of $63.00
Jefferies resumed coverage of Huazhu Group with a rating of Buy and set a new price target of $59.00
Daiwa Securities upgraded Huazhu Group from Outperform to Buy
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SINGAPORE and SHANGHAI, China, Nov. 12, 2024 (GLOBE NEWSWIRE) -- H World Group Limited (NASDAQ:HTHT) ("H World", "we" or "our") a key player in the global hotel industry, today announced that it will schedule to release its unaudited financial results for the third quarter of 2024 on Tuesday, November 26, 2024 (Hong Kong time), after the trading hours of The Stock Exchange of Hong Kong Limited and before the opening of the U.S. market. H World's management will host a conference call at 8 p.m. (U.S. Eastern time) on Tuesday, November 26, 2024 (or 9 a.m. (Hong Kong time) on Wednesday, November 27, 2024) following the announcement. To join by phone, all participants must pre-register this
SINGAPORE and SHANGHAI, Sept. 03, 2024 (GLOBE NEWSWIRE) -- H World Group Limited (NASDAQ:HTHT) ("H World" or the "Company"), a key player in the global hotel industry, today announced that Mr. Jun Zou will resign as the chief financial officer of the Company for personal reasons, effective on September 4, 2024. Ms. Hui Chen, the chief compliance officer of the Company, has been appointed as the chief financial officer of the Company, effective on September 4, 2024. Ms. Chen has deep financial management expertise in the travel and hotel industries in China. She initially joined H World in 2014. From 2014 to early 2016, Ms. Chen served as H World's executive vice president of finance respo
Revenue Growth, Enhanced Profitability, and Milestone Reached in Hotel Network HONG KONG, Aug. 20, 2024 /PRNewswire/ -- H World Group Limited ((", H World", or ", the Group", , NASDAQ:HTHT) announced its unaudited financial results for the second quarter ("Q2 2024") and interim period ended June 30, 2024. In the first half of the year, revenue increased by 14.1% year-over-year, with second quarter revenue growth slightly exceeding the upper limit of guidance. H World continues to prioritize customer-centricity, continuously improving the quality of its products and services, leading the industry toward high-quality development. In the first half of 2024, the Group achieved revenue of RMB 11
A total of 10,286 hotels or 1,001,865 hotel rooms in operation as of June 30, 2024.Hotel turnover1 increased 15.5% year-over-year to RMB23.4 billion in the second quarter of 2024. Excluding Steigenberger Hotels GmbH and its subsidiaries ("DH", or "Legacy-DH"), hotel turnover from the Legacy-Huazhu segment increased 16.2% year-over-year in the second quarter of 2024; and hotel turnover from the Legacy-DH segment increased 7.8% year-over-year in the second quarter of 2024. Revenue increased 11.2% year-over-year to RMB6.1 billion (US$846 million)2 in the second quarter of 2024, at the high end of the previously announced 7% to 11% revenue increase guidance as compared to the second quarter of 2
SINGAPORE and SHANGHAI, Aug. 05, 2024 (GLOBE NEWSWIRE) -- H World Group Limited (NASDAQ:HTHT) ("H World", "we" or "our") a key player in the global hotel industry, today announced that it will schedule to release its unaudited financial results for the second quarter and interim of 2024 on Tuesday, August 20, 2024 (Hong Kong time), after the trading hours of The Stock Exchange of Hong Kong Limited and before the opening of the U.S. market. H World's management will host a conference call at 9 p.m. (U.S. Eastern time) on Tuesday, August 20, 2024 (or 9 a.m. (Hong Kong time) on Wednesday, August 21, 2024) following the announcement. To join by phone, all participants must pr
SINGAPORE and SHANGHAI, China, July 23, 2024 (GLOBE NEWSWIRE) -- H World Group Limited (NASDAQ:HTHT) ("H World" or the "Company"), a leading and fast-growing hotel group, today announced that, in order to enhance shareholder value, its board of directors (the "Board") has approved a three-year shareholder return plan with an aggregate amount of distributions that may be made to the Company's shareholders of up to US$2,000,000,000, effective from July 23, 2024 (the "Shareholder Return Plan"). Under the Shareholder Return Plan, the Board has the sole discretion to: (i) declare and distribute ordinary dividends semi-annually, the aggregate amount of which for each financial year shall be no l
SHANGHAI, July 02, 2024 (GLOBE NEWSWIRE) -- H World Group Limited (NASDAQ:HTHT) ("H World" or the "Company"), a key player in the global hotel industry, today announced that (i) Mr. Shangzhi Zhang will step down as a director of the board of directors of the Company (the "Board") and serve as an observer of the Board, effective from July 2, 2024, and (ii) Ms. Jie Zheng, a senior advisor of the Company and a supervisory board member of Steigenberger Hotels GmbH, a subsidiary of the Company, will serve as an executive director of the Board, effective from the same date. Ms. Zheng has over 20 years of leadership experience across automotive and hospitality sectors both in China and internati
SHANGHAI, June 27, 2024 (GLOBE NEWSWIRE) -- H World Group Limited (NASDAQ:HTHT) ("H World" or the "Company"), a key player in the global hotel industry, today announced that the 2024 annual general meeting of the Company (the "AGM") was held on June 27, 2024. During the AGM, the following proposed resolutions were duly passed: the ordinary resolution as set out in the notice of the AGM dated May 8, 2024 (the "Notice of AGM") regarding the ratification of appointment of Deloitte Touche Tohmatsu Certified Public Accountants LLP as auditor of the Company for 2024 and the authorization for the directors of the Company to determine the remuneration of the auditor;the ordinary resolution as set
A total of 9,817 hotels or 955,657 hotel rooms in operation as of March 31, 2024.Hotel turnover1 increased 21.1% year-over-year to RMB19.7 billion in the first quarter of 2024. Excluding Steigenberger Hotels GmbH and its subsidiaries ("DH", or "Legacy-DH"), hotel turnover increased 21.6% year-over-year in the first quarter of 2024. Hotel turnover from the Legacy-DH segment increased 15.5% in the first quarter of 2024.Revenue increased 17.8% year-over-year to RMB5.3 billion (US$731 million)2 in the first quarter of 2024, surpassing the revenue guidance previously announced of a 12% to 16% increase compared to the first quarter of 2023. Revenue from the Legacy-Huazhu segment in the first quart
SINGAPORE and SHANGHAI, China, May 06, 2024 (GLOBE NEWSWIRE) -- H World Group Limited (NASDAQ:HTHT) ("H World", "we" or "our") a key player in the global hotel industry, today announced that it will schedule to release its unaudited financial results for the first quarter of 2024 on Friday, May 17, 2024 (Hong Kong time), after the trading hours of The Stock Exchange of Hong Kong Limited and before the opening of the U.S. market. H World's management will host a conference call at 9 p.m. (U.S. Eastern time) on Sunday, May 19, 2024 (or 9 a.m. (Hong Kong time) on Monday, May 20, 2024) following the announcement. To join by phone, all participants must pre-register this conference ca
SINGAPORE and SHANGHAI, China, Nov. 12, 2024 (GLOBE NEWSWIRE) -- H World Group Limited (NASDAQ:HTHT) ("H World", "we" or "our") a key player in the global hotel industry, today announced that it will schedule to release its unaudited financial results for the third quarter of 2024 on Tuesday, November 26, 2024 (Hong Kong time), after the trading hours of The Stock Exchange of Hong Kong Limited and before the opening of the U.S. market. H World's management will host a conference call at 8 p.m. (U.S. Eastern time) on Tuesday, November 26, 2024 (or 9 a.m. (Hong Kong time) on Wednesday, November 27, 2024) following the announcement. To join by phone, all participants must pre-register this
A total of 10,286 hotels or 1,001,865 hotel rooms in operation as of June 30, 2024.Hotel turnover1 increased 15.5% year-over-year to RMB23.4 billion in the second quarter of 2024. Excluding Steigenberger Hotels GmbH and its subsidiaries ("DH", or "Legacy-DH"), hotel turnover from the Legacy-Huazhu segment increased 16.2% year-over-year in the second quarter of 2024; and hotel turnover from the Legacy-DH segment increased 7.8% year-over-year in the second quarter of 2024. Revenue increased 11.2% year-over-year to RMB6.1 billion (US$846 million)2 in the second quarter of 2024, at the high end of the previously announced 7% to 11% revenue increase guidance as compared to the second quarter of 2
SINGAPORE and SHANGHAI, Aug. 05, 2024 (GLOBE NEWSWIRE) -- H World Group Limited (NASDAQ:HTHT) ("H World", "we" or "our") a key player in the global hotel industry, today announced that it will schedule to release its unaudited financial results for the second quarter and interim of 2024 on Tuesday, August 20, 2024 (Hong Kong time), after the trading hours of The Stock Exchange of Hong Kong Limited and before the opening of the U.S. market. H World's management will host a conference call at 9 p.m. (U.S. Eastern time) on Tuesday, August 20, 2024 (or 9 a.m. (Hong Kong time) on Wednesday, August 21, 2024) following the announcement. To join by phone, all participants must pr
A total of 9,817 hotels or 955,657 hotel rooms in operation as of March 31, 2024.Hotel turnover1 increased 21.1% year-over-year to RMB19.7 billion in the first quarter of 2024. Excluding Steigenberger Hotels GmbH and its subsidiaries ("DH", or "Legacy-DH"), hotel turnover increased 21.6% year-over-year in the first quarter of 2024. Hotel turnover from the Legacy-DH segment increased 15.5% in the first quarter of 2024.Revenue increased 17.8% year-over-year to RMB5.3 billion (US$731 million)2 in the first quarter of 2024, surpassing the revenue guidance previously announced of a 12% to 16% increase compared to the first quarter of 2023. Revenue from the Legacy-Huazhu segment in the first quart
SINGAPORE and SHANGHAI, China, May 06, 2024 (GLOBE NEWSWIRE) -- H World Group Limited (NASDAQ:HTHT) ("H World", "we" or "our") a key player in the global hotel industry, today announced that it will schedule to release its unaudited financial results for the first quarter of 2024 on Friday, May 17, 2024 (Hong Kong time), after the trading hours of The Stock Exchange of Hong Kong Limited and before the opening of the U.S. market. H World's management will host a conference call at 9 p.m. (U.S. Eastern time) on Sunday, May 19, 2024 (or 9 a.m. (Hong Kong time) on Monday, May 20, 2024) following the announcement. To join by phone, all participants must pre-register this conference ca
A total of 9,394 hotels or 912,444 hotel rooms in operation as of December 31, 2023.Hotel turnover1 increased 55.0% year-over-year to RMB20.4 billion in the fourth quarter of 2023. Excluding Steigenberger Hotels GmbH and its subsidiaries ("DH", or "Legacy-DH"), hotel turnover increased 60.6% year-over-year in the fourth quarter of 2023 and increased 65.9% year-over-year for the full year of 2023.Revenue increased 50.7% year-over-year to RMB5.6 billion (US$786 million)2 in the fourth quarter of 2023, surpassing the revenue guidance previously announced of a 41% to 45% increase compared to the fourth quarter of 2022, and increased 57.9% year-over-year to RMB21.9 billion (US$3.1 billion) for th
SINGAPORE and SHANGHAI, China, March 08, 2024 (GLOBE NEWSWIRE) -- H World Group Limited (NASDAQ:HTHT) ("H World", "we" or "our") a key player in the global hotel industry, today announced that it will schedule to release its unaudited financial results for the fourth quarter and full year of 2023 on Wednesday, March 20, 2024 (Hong Kong time), after the trading hours of The Stock Exchange of Hong Kong Limited and before the opening of the U.S. market. H World's management will host a conference call at 9 p.m. (U.S. Eastern time) on Wednesday, March 20, 2024 (or 9 a.m. (Hong Kong time) on Thursday, March 21, 2024) following the announcement. To join by phone, all participants must pre-regi
A total of 9,157 hotels or 885,756 hotel rooms in operation as of September 30, 2023.Hotel turnover1 increased 55.1% year-over-year to RMB23.5 billion in the third quarter of 2023. Excluding Steigenberger Hotels GmbH and its subsidiaries ("DH", or "Legacy-DH"), hotel turnover increased 59.2% year-over-year in the third quarter of 2023.Revenue increased 53.6% year-over-year to RMB6.3 billion (US$861 million)2 in the third quarter of 2023, surpassing the revenue guidance previously announced of a 43% to 47% increase compared to the third quarter of 2022. Revenue from the Legacy-Huazhu segment in the third quarter of 2023 increased 61.8% year-over-year, exceeding the revenue guidance previously
SINGAPORE and SHANGHAI, China, Nov. 10, 2023 (GLOBE NEWSWIRE) -- H World Group Limited (NASDAQ:HTHT) ("H World", "we" or "our") a key player in the global hotel industry, today announced that it will schedule to release its unaudited financial results for the third quarter of 2023 on Friday, November 24, 2023 (Hong Kong time), after the trading hours of The Stock Exchange of Hong Kong Limited and before the opening of the U.S. market. H World's management will host a conference call at 8 p.m. (U.S. Eastern time) on Sunday, November 26, 2023 (or 9 a.m. (Hong Kong time) on Monday, November 27, 2023) following the announcement. To join by phone, all participants must pre-register this confe
A total of 8,750 hotels or 844,417 hotel rooms in operation as of June 30, 2023.Hotel turnover1 increased 72.0% year-over-year to RMB20.3 billion in the second quarter of 2023. Excluding Steigenberger Hotels GmbH and its subsidiaries ("DH", or "Legacy-DH"), hotel turnover increased 78.1% year-over-year in the second quarter of 2023.Revenue increased 63.5% year-over-year to RMB5.5 billion (US$762 million)2 in the second quarter of 2023, surpassing the revenue guidance previously announced of a 51% to 55% increase compared to the second quarter of 2022. Revenue from the Legacy-Huazhu segment in the second quarter of 2023 increased 76.6% year-over-year, exceeding the revenue guidance previously