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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) has announced the scheduled release of its unaudited financial results for Q4 2020 and the full year on March 24, 2021. The results will be available post Hong Kong trading hours and before the U.S. market opens. Huazhu operates 6,789 hotels with over 639,000 rooms across 16 countries. The company will host a conference call on March 24, 2021, at 9 p.m. ET, with preregistration required for participants. The call will also be available via webcast. The press release emphasizes Huazhu's diverse hotel management models and recent acquisitions.
Huazhu Group Limited (NASDAQ: HTHT) has completed an internal investigation regarding allegations made by Bonitas Research. The audit committee found no material misstatements in financial documents related to 2019. The investigation corroborated the company's previous responses to the allegations. CEO Qi Ji expressed confidence in the company's governance and fundamentals, highlighting its commitment to transparency. As of December 31, 2020, Huazhu operated 6,789 hotels across 16 countries, maintaining a balanced portfolio of leased, owned, manachised, and franchised models.
Huazhu Group Limited (NASDAQ: HTHT) reported preliminary results for Q4 2020 and the full year ended December 31, 2020, showing signs of recovery despite challenges from COVID-19. The company noted that net revenues in China exceeded previous guidance, reflecting a resilient travel demand. In Q4, Huazhu opened 393 hotels, bringing total operational hotels to 6,669. However, the average daily room rate declined by 0.5%, and occupancy rates decreased across various segments. Cost control measures were implemented, and the company actively sought new opportunities in pandemic prevention efforts.
Huazhu Group Limited (NASDAQ: HTHT) held its annual general meeting on December 23, 2020, where several resolutions were passed. These included the ratification of Deloitte Touche Tohmatsu as the auditor for 2020, amendments to the articles of association, and the re-election of independent directors Ms. Lei Cao and Mr. Theng Fong Hee. The meeting also authorized directors to implement these resolutions. As of September 30, 2020, Huazhu operated over 6,500 hotels across 16 countries, emphasizing its diverse business models in the hotel industry.
Huazhu Group Limited (NASDAQ: HTHT) reported third-quarter 2020 financial results, showing a 3.4% year-over-year increase in net revenues to RMB3.2 billion (US$466 million), surpassing earlier guidance. The company experienced a net loss of RMB212 million, compared to a profit of RMB431 million in Q3 2019. Adjusted EBITDA was positive at RMB184 million, indicating recovery despite challenges from COVID-19. As of September 30, 2020, Huazhu operated 6,507 hotels and had 2,313 hotels in the pipeline. The fourth-quarter guidance suggests revenues may rise by 0% to 3% year-over-year.
Huazhu Group Limited (NASDAQ: HTHT) will release its unaudited financial results for Q3 2020 on December 4, 2020, following Hong Kong trading hours. A conference call will be held on December 6, 2020, at 8 p.m. EST, where management will discuss earnings. The call requires preregistration for participants. As of September 30, 2020, Huazhu operated 6,507 hotels with 634,087 rooms across 16 countries. The company employs various business models, including leased, owned, and franchise operations.
Rosen Law Firm is investigating potential securities claims for shareholders of Huazhu Group Limited (NASDAQ: HTHT) due to allegations of misleading business information. A report by Bonitas Research accuses Huazhu of inflating profits by hiding operating costs of franchisee hotels and using undisclosed related party transactions, suggesting a fake profit of RMB 2 billion (US$ 300 million). Following this news, Huazhu's ADS price dropped by over 3.6% to close at $40.48 on September 21, 2020. A class action lawsuit is being prepared by Rosen Law Firm for affected investors.
Rosen Law Firm is investigating potential securities claims for shareholders of Huazhu Group Limited (NASDAQ: HTHT) due to allegations of misleading business information. A report by Bonitas Research accused Huazhu of falsifying ownership of its hotel portfolio and concealing operating expenses, resulting in inflated profits. The report calculated RMB 2 billion (approximately US$ 300 million) of fake profits on Huazhu's financial statements. Following these allegations, Huazhu's American depositary share price dropped over 3.6%, closing at $40.48 per ADS, affecting investors.
Huazhu Group Limited (NASDAQ: HTHT) announced preliminary Q3 2020 results, highlighting a gradual recovery in hotel operations despite COVID-19 impacts. The occupancy rate improved, driven mainly by leisure travel, with 91% of Steigenberger Hotels AG's properties operational as of October 31. However, the recovery paused in late September due to a new COVID-19 wave in Europe. Huazhu is adjusting its hotel portfolio by closing 550-600 hotels, increasing from 350-450. Expected net revenues for Q3 2020 may see a 0-2% rise year-over-year, with a decline of 10-12% if excluding Steigenberger.
Huazhu Group Limited (Nasdaq: HTHT) has completed its put right offer for its 0.375% Convertible Senior Notes due 2022. The offer expired on October 29, 2020, with a total of US$6,000 in principal amount validly surrendered. The company accepted all surrendered Notes for repurchase and has processed payments through its paying agent. As of June 30, 2020, Huazhu operates 6,187 hotels worldwide, significantly expanding its portfolio following the acquisition of Deutsche Hospitality.
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