Welcome to our dedicated page for H World Group news (Ticker: HTHT), a resource for investors and traders seeking the latest updates and insights on H World Group stock.
H World Group Limited (HTHT) operates one of Asia's most dynamic hotel networks through its asset-light franchise model and multi-brand strategy. This page aggregates official announcements, financial updates, and strategic developments for investors tracking China's hospitality sector evolution.
Access real-time updates including quarterly results, property expansions, leadership changes, and partnership agreements. Our curated feed ensures you never miss critical information about HTHT's economy-to-luxury brand portfolio or international growth initiatives.
Key updates cover earnings releases, new hotel openings, technology implementations, and market expansion strategies. All content is sourced directly from company filings and verified channels to maintain regulatory compliance.
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H World Group (NASDAQ: HTHT, HKEX: 1179) reported a 17.8% year-over-year increase in revenue to RMB 5.3 billion (USD 731 million) for Q1 2024, surpassing guidance. Legacy-Huazhu segment revenue rose 18.1%, while Legacy-DH segment saw a 16.6% revenue increase. Net income dropped to RMB 659 million, down from RMB 990 million in Q1 2023. Adjusted EBITDA grew 40% year-over-year to RMB 1.4 billion. The company operates 9,817 hotels with 955,657 rooms and plans to open 3,172 more. Q2 2024 revenue growth is projected at 7-11%. CEO Jin Hui noted strong results and ongoing network expansion despite potential near-term RevPAR fluctuations.
H World Group , a key player in the global hotel industry, will release its unaudited financial results for the first quarter of 2024 on May 17, 2024. The management will host a conference call on May 19, 2024, to discuss the results. Participants can join the call via phone or webcast. A replay will be available on the company's website for twelve months.
H World Group completed its put right offer for its 3.00% Convertible Senior Notes due 2026, with none of the Notes being surrendered. The aggregate repurchase price was nil. The offer expired on April 29, 2024. More information is available on the SEC's and Company's websites.
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