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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.
H World Group Limited (NASDAQ: HTHT) will release its Q3 2022 financial results on November 28, 2022, after Hong Kong market hours, ahead of U.S. market opening. A conference call will follow at 8 p.m. Eastern Time on the same day. Investors must pre-register for the call to receive dial-in details. As of September 30, 2022, H World operates 8,402 hotels across 17 countries, managing 797,489 rooms under various brands and models. The company continues to adapt its business through leased, owned, manachised, and franchised hotel models.
H World Group Limited (NASDAQ: HTHT) reported preliminary Q3 2022 results, showcasing a significant recovery in hotel operations. The RevPAR for Legacy-Huazhu reached 90% of 2019 levels due to increased leisure travel. Meanwhile, Legacy-DH experienced a RevPAR surge to 102% of 2019 levels. Operating metrics improved with increased occupancy rates and average daily room rates (ADR). However, the company remains cautious about Q4 due to sporadic COVID resurgences in China and potential energy shortages in Europe affecting operations.
H World Group Limited (HTHT) reported a net loss of RMB350 million (US$52 million) for Q2 2022, a significant decline from a net income of RMB378 million in Q2 2021. Revenue decreased by 5.7% year-over-year to RMB3.4 billion (US$504 million). The Legacy-Huazhu segment's revenue fell 26.8%, while the Legacy-DH segment saw a 311.2% increase. EBITDA was negative RMB213 million, down from RMB957 million in the prior year. In Q3 2022, revenue is projected to rise by 13% to 17%, reflecting recovery post-lockdowns due to Omicron. As of June 30, the company operated 8,176 hotels with 773,898 rooms.
H World Group Limited (NASDAQ: HTHT) will announce its unaudited financial results for Q2 and interim of 2022 on August 29, 2022, after the Hong Kong market closes and before the U.S. market opens. A conference call will follow at 9 p.m. ET on the same day. As of June 30, 2022, H World operates 8,176 hotels across 17 countries, with 773,898 rooms. The company's operations include leased, owned, manachised, and franchised models, with 14% of rooms under lease and ownership.
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H World Group Limited (NASDAQ: HTHT) announced preliminary Q2 2022 results, reporting a RevPAR recovery to 69% of 2019 levels. April and May saw RevPAR drop to 53% and 65% amid lockdowns, but June improved to 86%. The Legacy-DH segment experienced a RevPAR recovery with June 2022 at just 1% below 2019 levels. The company is focusing on cash flow improvement, while 645 hotels remained requisitioned as of June 30, 2022. Overall, average daily room rates decreased significantly, and occupancy rates fell across both leased and franchised hotels.
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.
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