Welcome to our dedicated page for H World Group American Depositary Shares news (Ticker: HTHT), a resource for investors and traders seeking the latest updates and insights on H World Group American Depositary Shares stock.
H World Group Limited, previously known as Huazhu Group Limited, is a leading investment holding company based in China, recognized for its significant presence in the hotel industry. The company operates a diverse portfolio of hotel brands through various models including leased, manachised, and franchised hotels. H World Group’s brand offerings range from economy to luxury, encompassing well-known names such as HanTing Hotel, JI Hotel, Orange Hotel, Steigenberger Hotels & Resorts, and many more.
As one of the fastest-growing hotel groups globally, H World Group ranks sixth worldwide in terms of the number of hotel rooms. The company operates in numerous countries and regions, including Europe, the Middle East, India, Africa, and the Asia Pacific. Notably, Southeast Asia has emerged as a key focus for international expansion, indicating the Group's strategic emphasis on tapping into new markets.
In 2023, H World Group witnessed a remarkable recovery in its operations, particularly in China. The company reported that its Revenue Per Available Room (RevPAR) for the year reached 122% of the 2019 levels, driven by strong demand from lower-tier cities. This recovery was supported by a robust rise in both Average Daily Rate (ADR) and Occupancy (OCC) rates. The full-year revenue surged by 57.9% year-over-year to RMB21.9 billion (US$3.1 billion), highlighting the Group's ability to adapt and thrive in a post-pandemic environment.
H World Group’s commitment to technological innovation plays a crucial role in its success. The Group’s self-developed operational platform, which includes sophisticated analytical tools, has significantly enhanced customer engagement and loyalty. With over 200 million members, this platform is poised for further growth, facilitating a deeper understanding of customer preferences and improving service delivery.
Focusing on economy and midscale brands, H World Group continues to expand its hotel network aggressively. As of December 31, 2023, the company operated 9,394 hotels with 912,444 rooms worldwide. The Group's strategic vision includes expanding its footprint in third and fourth-tier cities in China, where significant growth potential remains untapped. Additionally, H World's international strategy aims to transform its operations into asset-light models, emphasizing cost reduction, efficiency improvements, and leveraging its global loyalty program, H Reward, to drive direct sales.
Recent news highlights include the company's participation in the Hotel Investment Conference Asia Pacific Update 2024, where H World showcased its strategic initiatives and growth plans. Moreover, the Group reported strong financial results for Q4 2023, with revenue increasing by 50.7% year-over-year, and continued to reward shareholders through dividends and share buybacks.
Originating from China, H World Group Limited continues to be a key player in the global hotel industry, dedicated to sustainable and high-quality development, and committed to leveraging its diverse brand portfolio to meet the evolving needs of travelers worldwide.
Huazhu Group Limited (Nasdaq: HTHT) announced a Put Right for holders of its 0.375% Convertible Senior Notes due 2022. Starting October 1, 2020, holders can request the company to repurchase their Notes at 100% of the principal amount, plus any accrued interest, until October 29, 2020. As of September 28, 2020, US$474,992,000 in aggregate principal of Notes is outstanding. The company will pay accrued interest on November 2, 2020, irrespective of Put Right exercise. A Tender Offer Statement will be filed with the SEC, providing detailed terms and procedures.
Huazhu Group Limited (Nasdaq: HTHT) announced the opportunity for holders of its 0.375% Convertible Senior Notes due 2022 to exercise their Put Right to require the company to purchase their Notes for cash on November 2, 2020. This right is available from October 1, 2020, until October 29, 2020, with a total of US$474,992,000 in aggregate principal amount outstanding as of September 28, 2020. The repurchase price will include any accrued interest, and interested holders can find details in the Put Right Notice.
Huazhu Group Limited (Nasdaq: HTHT) has responded to a short seller report from Bonitas Research, reiterating that the allegations are unfounded and filled with inaccuracies. The company, which operates 6,187 hotels worldwide, emphasized its commitment to corporate governance and compliance with regulatory standards. Huazhu will respond to future allegations only if legally necessary, without acknowledging any merit in those claims. As of June 30, 2020, the company continues to expand its portfolio, including acquisitions like Deutsche Hospitality completed in January 2020.
Huazhu Group Limited (NASDAQ: HTHT) has responded to a recent short seller report by Bonitas Research, released on September 29, 2020, stating that the allegations are unfounded and filled with inaccuracies. The company emphasizes its commitment to transparent corporate governance and adherence to applicable regulations. As of June 30, 2020, Huazhu operated 6,187 hotels across 16 countries, with a diverse portfolio of brands. The firm will limit future responses to allegations unless legally required, emphasizing the importance of not interpreting this as an admission of truth regarding any claims.
Huazhu Group Limited (Nasdaq: HTHT) has formed a special committee to investigate allegations made in a recent short seller report by Bonitas Research LLC. Despite the company's belief that the report is unfounded and contains significant errors, the board aims to ensure transparency for shareholders. The special committee, comprising key executives, will review the claims and has engaged independent legal counsel. Huazhu also plans to submit a preliminary rebuttal to the Hong Kong Stock Exchange addressing the report's inaccuracies.
Huazhu Group Limited (Nasdaq: HTHT) announced the pricing of its global offering of 20,422,150 new ordinary shares at HK$297 each (approx. US$38.32 per ADS). The offering is expected to raise HK$6,065.4 million and will close on September 22, 2020, pending approval from The Stock Exchange of Hong Kong. Proceeds will fund capital expenditures for hotel network expansion, repay part of a US$500 million credit facility, and improve technology platforms. The offering includes an option for underwriters to purchase an additional 3,063,300 shares.
Huazhu Group Limited (NASDAQ: HTHT) reported a net revenue decline of 31.7% year-over-year to RMB2.0 billion (US$277 million) for Q2 2020, slightly better than guidance. The net loss narrowed to RMB548 million (US$76 million) from RMB2.1 billion in Q1 2020. Adjusted EBITDA was negative RMB97 million (US$13 million). Legacy Huazhu's RevPAR showed signs of recovery, increasing from RMB137 in June to RMB187 in August. As of June 30, 2020, the company operated 6,187 hotels and had 2,375 in the pipeline. Cash flow from operating activities stood at RMB512 million (US$74 million).
Huazhu Group Limited (Nasdaq: HTHT) announced its Hong Kong Public Offering of 20,422,150 new ordinary shares, set to list on the HKEx under the stock code 1179.HK. The offering comprises 2,042,300 new shares for the public and 18,379,850 shares for international investors. The shares will be priced at a maximum of HK$368.00 each. Proceeds will fund capital expenditures, repay debt, and enhance technology platforms. The offering opens on September 11 and closes on September 16, with trading expected to commence on September 22.
Huazhu Group Limited (NASDAQ: HTHT) has appointed Lei Cao and Theng Fong Hee as new directors to its board, while Xiaofan Wang transitions to a board observer role. Lei Cao brings extensive experience in tax management from Philips, having served in various roles since 2003. Theng Fong Hee, a qualified solicitor with over 30 years in law, has held positions in multiple firms and serves as an independent director for several companies. The board's composition now reflects a blend of diverse expertise, which is expected to enhance the company's strategic direction.
Huazhu Group Limited (NASDAQ: HTHT) reported preliminary Q2 2020 results, revealing a 32% to 34% year-over-year decline in net revenues. COVID-19 impacted operations, but occupancy rates improved, reaching over 80% by mid-July after facing restrictions in Beijing. As of June 30, 97% of hotels resumed operation, down from 374 requisitioned hotels in March. Deutsche Hospitality also saw a recovery, with only 21% of hotels closed by the end of June. Average daily room rates dropped significantly, with RevPAR down 38.2% for legacy-Huazhu properties compared to Q2 2019.
FAQ
What is the current stock price of H World Group American Depositary Shares (HTHT)?
What is the market cap of H World Group American Depositary Shares (HTHT)?
What is H World Group Limited?
What hotel brands does H World Group operate?
How did H World Group perform financially in 2023?
What are the key markets for H World Group's international expansion?
What technological innovations has H World Group implemented?
What is RevPAR and how did it perform for H World in 2023?
How many hotels does H World Group operate?
What business models does H World Group use?
What is H World's strategy for lower-tier cities in China?
What is H World's approach to shareholder returns?
