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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) is set to release its unaudited financial results for Q2 2021 on August 24, 2021, after Hong Kong trading hours and before the U.S. market opens. The earnings will be accessible on the investor relations website. A conference call will follow the announcement at 9 p.m. U.S. Eastern time, where preregistration is required. As of June 30, 2021, Huazhu operates 7,126 hotels in 17 countries. The company’s business model includes leased, owned, manachised, and franchised hotels, maintaining a consistent standard across all properties.
Huazhu Group Limited (NASDAQ: HTHT) announced its Q2 2021 hotel operations, revealing a RevPAR recovery to 102% of 2019 levels, slightly below expectations. In June, RevPAR reached 100%, impacted by COVID-19 resurgences in Guangdong and Beijing. As of July 2021, recovery progressed with improved occupancy rates, reaching 35% in Germany due to vaccinations. In Q2 2021, Huazhu opened 18 hotels, despite 156 closures, totaling 7,004 operational hotels. However, uncertainties remain due to potential COVID-19 spikes in Europe. Overall, the data reflects a cautious optimism in hotel demand recovery.
Huazhu Group Limited (NASDAQ: HTHT) has announced a partnership between its subsidiary Steigenberger Hotels AG and Porsche Lizenz- und Handelsgesellschaft to create a new luxury lifestyle hotel brand called Steigenberger Porsche Design Hotels. This brand aims to launch in select international cities, enhancing Huazhu’s portfolio of 6,881 hotels across 16 countries. The collaboration underscores Huazhu's commitment to expanding its market presence and enhancing brand value.
Huazhu Group Limited (NASDAQ: HTHT) held its 2021 annual general meeting on June 25, 2021, where significant resolutions were passed. The appointment of Deloitte as auditor for 2021 was ratified. A share subdivision was approved, converting each ordinary and preferred share into ten shares of lower par value, pending Hong Kong Stock Exchange approval. Additionally, amendments to the memorandum and articles of association were approved. The share certificates for ordinary shares will remain valid until August 3, 2021. The ADS ratio will change from 1:1 to 1:10 upon the subdivision's effectiveness on June 29, 2021.
Huazhu Group Limited (HTHT) reported its Q1 2021 financial results, showing a strong recovery from COVID-19 effects. The hotel turnover surged 66.3% year-over-year to RMB8.2 billion, while net revenues increased 15.6% to RMB2.3 billion (US$355 million), exceeding previous guidance. Despite a net loss of RMB248 million (US$38 million), this was significantly improved from RMB2.1 billion in Q1 2020. Huazhu anticipates Q2 2021 net revenue growth of 87%-89% year-over-year and expects to operate 6,881 hotels, with 2,649 in the pipeline. The acquisition of CitiGO is set to enhance its brand portfolio.
Huazhu Group Limited (NASDAQ: HTHT) announced it will release its unaudited financial results for Q1 2021 on May 25, 2021, after trading hours in Hong Kong and before the U.S. market opens. The earnings release will be available on the company’s investor relations website. A conference call is scheduled for the same day at 9 p.m. U.S. Eastern time to discuss the results, requiring preregistration. As of March 31, 2021, Huazhu operates 6,881 hotels with 662,512 rooms across 16 countries.
Huazhu Group Limited (NASDAQ: HTHT) announced the resignation of CFO Teo Nee Chuan for personal reasons, effective May 10, 2021. Ms. Hui Chen, the chief compliance officer, will succeed him, bringing extensive financial expertise in travel and hotel sectors. Additionally, Mr. Dong Li and Ms. Fei Ye will serve as deputy CFOs. As of March 31, 2021, Huazhu operated 6,881 hotels with over 662,000 rooms across 16 countries, emphasizing its strong market position in the hospitality industry.
Huazhu Group Limited (HTHT) reported preliminary Q1 2021 results, highlighting a strong recovery in hotel demand post-Chinese New Year, with RevPAR rebounding to 95% of 2019 levels in March. However, COVID-19 resurgence negatively impacted occupancy rates and hotel openings, with Q1 RevPAR declining 27.8% year-over-year. The company adopted cost reduction measures due to ongoing pandemic challenges, particularly affecting its European operations. By March 31, 2021, Huazhu had 6,761 operational hotels with a total of 638,619 rooms.
Huazhu Group Limited (NASDAQ: HTHT) reported its financial results for Q4 and FY 2020. The company saw a 5.5% revenue increase in Q4 to RMB3.1 billion (US$471 million) but a 9.1% decline for the year to RMB10.2 billion (US$1.6 billion). Notably, net income for Q4 was RMB703 million (US$108 million), up from a net loss in the previous quarter. However, overall, Huazhu faced a net loss of RMB2.2 billion (US$336 million) for FY 2020. The company anticipates a 50%-54% revenue growth for FY 2021, despite ongoing challenges from COVID-19.
Huazhu Group Limited (NASDAQ: HTHT) has announced a joint venture with Sunac China and Chengdu Global Times to form Yongle Huazhu Hotel & Resort Group in China, with a registered capital of RMB 50 million. Huazhu holds a 50% stake, while Sunac and the Strategic Partner hold 40% and 10%, respectively. The JV aims to provide hotel management services and plans to develop over 200 hotels in five years, focusing on upscale properties. Huazhu will offer operational support and authorize branding rights for its hotels in Mainland China.
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