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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.
Huazhu Group Limited (NASDAQ: HTHT) announced its unaudited financial results for Q4 and full year 2021 will be released on March 23, 2022. The results will be accessible on its investor relations website. Following this release, a conference call is scheduled for 9 p.m. EST on the same day, allowing participants to preregister online. The company operates 7,830 hotels globally and has a business model comprising leased, owned, manachised, and franchised hotels. Huazhu's consistent standards across its properties support its robust operational strategy.
Huazhu Group Limited (NASDAQ: HTHT) has announced a cash dividend of US$0.021 per ordinary share, translating to US$0.21 per American Depositary Share (ADS). Eligible shareholders as of March 24, 2022, will receive the dividend, expected to be distributed on or about April 14, 2022, for ordinary shares and April 21, 2022, for ADS holders. The total amount for this dividend is approximately US$68 million. As of September 30, 2021, Huazhu reported cash and cash equivalents of US$836 million, supporting its dividend distribution.
Huazhu Group Limited (NASDAQ: HTHT) released its preliminary results for Q4 2021 and the full year ending December 31, 2021. The hotel group's RevPAR recovery was hindered by COVID-19 resurgences, with recovery rates at 90%, 76%, and 90% for October, November, and December, respectively. The ongoing pandemic and new variants present uncertainties for early 2022. In Q4, the hotel closures were attributed to brand compliance issues and operational losses. Overall, the average daily rate increased, while occupancy rates fell significantly, impacting RevPAR negatively versus pre-pandemic levels.
Huazhu Group Limited (NASDAQ: HTHT) announced the resignation of Mr. Sébastien Bazin as a director, effective immediately. Following his departure, Mr. Gaurav Bhushan also ceased to be an alternate director. This change leaves the Board with seven directors, including Qi Ji and Shangzhi Zhang. The company expresses gratitude to Mr. Bazin and Mr. Bhushan for their contributions. As of September 30, 2021, Huazhu operates 7,466 hotels with 722,983 rooms across 17 countries, primarily under manachised and franchise models.
Huazhu Group Limited (NASDAQ: HTHT) reported its Q3 2021 results, revealing a net loss of RMB137 million (US$22 million), improved from a net loss of RMB212 million in Q3 2020. Revenue increased 11.6% year-over-year to RMB3.5 billion (US$547 million), aligning with earlier guidance. RevPAR for its Legacy-Huazhu division declined 5.9% YOY, while occupancy rate fell to 71.9%. Huazhu expects Q4 revenue growth of 6%-10%, or a potential decline of 4%-8% excluding its Legacy-DH segment. The company has a pipeline of 2,827 unopened hotels.
Huazhu Group Limited (NASDAQ: HTHT) plans to release its unaudited financial results for Q3 2021 on November 24, 2021. The results will be accessible on the investor relations website, followed by a conference call scheduled for the same day at 8 p.m. U.S. Eastern time. As of September 30, 2021, Huazhu operated 7,466 hotels with 722,983 rooms across 17 countries. The company emphasizes its diverse operational models, with 15% of rooms under lease and ownership and 85% under manachise and franchise. For further inquiries, investor relations contact details are provided.
Huazhu Group Limited (NASDAQ: HTHT) reported its preliminary Q3 2021 results, showing a strong recovery in RevPAR after early COVID-19 impacts. By late September, RevPAR for Legacy-Huazhu climbed to nearly 92% of 2019 levels but faced setbacks due to a recent outbreak in Fujian. Despite these challenges, over 20 upscale hotels were signed in early October via a joint venture. In Germany, Steigenberger Hotels experienced steady recovery with a RevPAR of approximately 65% of 2019 levels. Cost reduction strategies are in place to enhance cash flow.
On September 28, 2021, Huazhu Group Limited (NASDAQ: HTHT) announced the appointment of Jihong He as Chief Executive Officer for International Business, effective October 1, 2021. Ms. He joins from CapitaLand, where she was Chief Strategy Officer. With her extensive experience in global management and leadership, including roles at Ascendas Singbridge Group and Temasek International, she aims to enhance Huazhu's presence in the global hospitality sector and oversee its international operations, particularly Deutsche Hospitality.
Huazhu Group Limited (NASDAQ: HTHT) announced leadership changes effective October 1, 2021. Mr. Qi Ji will step down as CEO for personal reasons but remain chairman of the board. Mr. Hui Jin, who has been with the company since 2005, will succeed him as CEO. Ms. Xinxin Liu, currently chief digital officer, will become president. These appointments aim to maintain momentum and drive Huazhu's growth following significant contributions from both Jiang and Liu in technology and expansion.
Huazhu Group Limited (NASDAQ: HTHT) reported robust financial results for Q2 2021, with revenue reaching RMB3.6 billion (US$556 million), an 83.7% increase year-over-year, despite falling short of previous guidance. The company achieved net income of RMB378 million (US$59 million), a significant recovery from a net loss of RMB548 million in Q2 2020. Operating cash flow stood at RMB1.2 billion (US$192 million). However, revenue guidance for the full year was revised downward to 29%-33%, reflecting pandemic impacts. The company continues to expand its hotel network, with a total of 7,126 hotels in operation.
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