HWORLD(HTHT)
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H World Group (HTHT) Crossed Above the 200-Day Moving Average: What That Means for Investors
ZACKS· 2024-09-27 14:32
H World Group (HTHT) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, HTHT broke through the 200-day moving average, which suggests a long-term bullish trend.The 200-day simple moving average is a useful tool for traders and analysts, establishing market trends for stocks, commodities, indexes, and other financial instruments over the long term. The marker moves higher or lower along with longer-term price moves, and serves as a support or r ...
HWORLD(HTHT) - 2024 Q2 - Quarterly Report
2024-09-27 10:03
Exhibit 99.1 Contact Information Investor Relations Tel: +86 (21) 6195 9561 Email: ir@hworld.com https://ir.hworld.com H World Group Limited Reports Second Quarter and Interim of 2024 Unaudited Financial Results · A total of 10,286 hotels or 1,001,865 hotel rooms in operation as of June 30, 2024. · Hotel turnover increased 15.5% year-over-year to RMB23.4 billion in the second quarter of 2024. Excluding Steigenberger Hotels GmbH and its subsidiaries ("DH", or "Legacy-DH"), hotel turnover from the Legacy-Huaz ...
H World Group (HTHT) Recently Broke Out Above the 20-Day Moving Average
ZACKS· 2024-09-25 14:35
H World Group (HTHT) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, HTHT crossed above the 20-day moving average, suggesting a short-term bullish trend.The 20-day simple moving average is a popular investing tool. Traders like this SMA because it offers a look back at a stock's price over a shorter period and helps smooth out price fluctuations. The 20-day can also show more trend reversal signals than longer-term moving averages.Li ...
H World Group Limited Announces Change of Chief Financial Officer
GlobeNewswire News Room· 2024-09-03 11:35
SINGAPORE and SHANGHAI, Sept. 03, 2024 (GLOBE NEWSWIRE) -- H World Group Limited (NASDAQ: HTHT and HKEX: 1179) ("H World" or the "Company"), a key player in the global hotel industry, today announced that Mr. Jun Zou will resign as the chief financial officer of the Company for personal reasons, effective on September 4, 2024. Ms. Hui Chen, the chief compliance officer of the Company, has been appointed as the chief financial officer of the Company, effective on September 4, 2024. Ms. Chen has deep financia ...
H World Group: Robust Domestic Travel And Leisure Demand Outlook
Seeking Alpha· 2024-09-02 12:10
Thomas BarwickSummary I am positive on H World Group Limited (NASDAQ:HTHT). My summarized thesis is that the domestic travel & leisure industry in China is still very robust. Flight volume data has recovered very strongly and is seeing no signs of weakness even in July. I see this as a strong indicator of hotel demand, which is a big positive for HTHT. In addition, HTHT is executing very well on various growth initiatives that should better position it to capture demand. Given my positive outlook, I don ...
H World: Q3 Outlook And Shareholder Yield Are Key Investment Considerations
Seeking Alpha· 2024-08-26 02:59
Klaus Vedfelt My investment rating for H World Group Limited (NASDAQ:HTHT) [1179:HK] stays as a Hold. On the positive side of things, HTHT offers a potential mid-single digit percentage shareholder yield. On the negative side of things, H World's below-expectations Q3 revenue guidance indicates that there are short-term headwinds for the company. As such, I continue to have a Neutral view of HTHT. The outlook for HTHT in the near term and long run was the subject of my June 9, 2024 write-up. I take a closer ...
华住:上调开店目标,Q3预计RevPAR高基数下承压
国金证券· 2024-08-22 01:10
事件 8 月 20 日公司公告 2Q24 业绩,收入 61 亿元/+11.2%,归母净利 10.7 亿元/+5.1%,经调整净利 12.5 亿元/+16.9%,经调整 EBITDA 20.4 亿元/+15.1%。 点评 经营数据:Q2 境内高基数下 OCC 仍有增长,境外量价同比均有提 升。LH 2Q24 RevPAR 244 元/-2.0%、为 19 年同期 118.4%,恢复 度环比 Q1-2.9pct,行业淡季压力较大情况下表现持续领先;拆分 量价,OCC 82.6%/+0.7pct、ADR 296 元/-2.9%;拆分结构,Q2 成 熟店整体/经济型/中高端 RevPAR 同比-3.6%/-4.2%/-3.2%。DH 2Q24 RevPAR 82 欧元/+4.5%、恢复至 19 年同期 115.5%,受益于 6 月世界杯;拆分看 OCC 68.3%/+1.2pct,ADR 120 欧元/+2.7%。 Q2 收入增速略好于指引,Q3 预期增长 2~5%。2Q24 收入增速较此 前季报公告指引上限 11%略高,其中 LH 收入 48.3 亿元/+11.1%, DH 收入 13.2 亿元/+11.6%。成本 ...
HWORLD(HTHT) - 2024 Q2 - Earnings Call Transcript
2024-08-21 07:55
Financial Data and Key Metrics - Legacy-Huazhu's RevPAR in Q2 2024 was RMB244, down 2% YoY, with ADR at RMB296, down 2.9% YoY, and occupancy rate at 82.6%, up 0.7 percentage points YoY [7] - Total revenue for the group increased 11% YoY to RMB6.1 billion, with Legacy-Huazhu revenue growing 11% YoY to RMB4.8 billion and Legacy-DH revenue rising 12% YoY to RMB1.3 billion [22] - Adjusted EBITDA increased 15% YoY to RMB2 billion, with Legacy-Huazhu's adjusted EBITDA growing 14% YoY to RMB1.9 billion and DH business generating RMB131 million adjusted EBITDA, turning profitable from a loss position [25][26] Business Line Performance - The company opened 567 new hotels in Q2 2024, with 101 hotel closures, and the number of hotels in the pipeline reached a record high of 3,266 [11] - Economy and middle-scale hotels accounted for 92%, 82%, and 89% of hotels in operation, hotels in pipeline, and hotel openings, respectively [12] - The proportion of HanTing 3.5 and above versions in operation increased to 36.3% in Q2 2024, up 6.5 percentage points compared to the end of last year [12] Market Performance - Domestic airline passengers increased 16.4% YoY and 12.4% compared to the same period in 2019, while high-speed railway passengers reached a record high of 2.1 billion, up 18.4% YoY [8] - The number of room nights sold in China increased by approximately 21% YoY, with occupancy rate increasing by 0.7 percentage points YoY [9] - DH RevPAR in Q2 2024 was EUR 82, up 4.5% YoY, driven by a 2.7% increase in ADR to EUR 120 and a 1.2 percentage point increase in occupancy rate to 68.3% [18] Company Strategy and Industry Competition - The company aims to achieve 20,000 hotels in 2,000 cities, focusing on service excellence-centric, sustainable quality growth strategy [6] - The company is focusing on product upgrades, service excellence, and membership programs to strengthen core competitive advantages and drive long-term sustainable growth [10] - The company is repositioning its HI Inn brand to focus on ultimate value for money, with a new HI Inn 6.0 version designed to meet customers' core accommodation needs [16] Management Commentary on Operating Environment and Future Outlook - The company expects RevPAR to gradually return to a healthier and sustainable growth trend, with Q3 2024 RevPAR expected to decline around mid-single digit YoY [30] - The company revised up its full-year growth hotel opening target to over 2,200 hotels, up from the previous guidance of around 1,800 hotels [27] - The company remains focused on lower-tier cities penetration and upper mid-segment penetration, with confidence in maintaining a strong competitive advantage in the industry [32] Other Important Information - The company announced a 3-year shareholder return plan with an aggregate amount of up to US$2 billion, including semi-annual ordinary dividends, special dividends, and share buybacks [27] - The company had RMB9.9 billion in cash, cash equivalents, restricted cash, and time deposits as of the end of June 2024, with a solid net cash position of RMB4.3 billion [26] Q&A Session Question: RevPAR expectations for Q3 2024 and full year 2024 - The company expects Q3 2024 RevPAR to decline around mid-single digit YoY, with a gradual return to a healthier and sustainable growth trend [30] Question: Investment appetite for franchisees - The company remains confident in franchisee sentiment, focusing on lower-tier cities penetration and upper mid-segment penetration, with a strong pipeline and high-quality growth strategy [32] Question: Hotel opening capacity and supply chain progress - The company is improving supply chain capability by replacing higher-quality suppliers and improving efficiency, with a focus on high-quality growth over scale [35][36] Question: Hotel supply impact on RevPAR and margins - The company believes the supply and demand will balance, with a focus on high-quality supply and maintaining core competitiveness through service excellence and product upgrades [38][41] Question: DH long-term targets and strategy - The company is focusing on asset-light transformation, cost control, and efficiency improvement for DH, with plans to leverage DH's brand and product in the Middle East and Asia Pacific [40]
H World Group (HTHT) Q2 Earnings Lag Estimates
ZACKS· 2024-08-20 12:45
H World Group (HTHT) came out with quarterly earnings of $0.46 per share, missing the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.43 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -11.54%. A quarter ago, it was expected that this hotel operator would post earnings of $0.32 per share when it actually produced earnings of $0.29, delivering a surprise of -9.38%.Over the last four quarters, the co ...
H World Group Limited announces Q2 and Interim of 2024 Financial Results
Prnewswire· 2024-08-20 12:38
Revenue Growth, Enhanced Profitability, and Milestone Reached in Hotel NetworkHONG KONG, Aug. 20, 2024 /PRNewswire/ -- H World Group Limited ("H World" or "the Group", NASDAQ: HTHT and HKEX: 1179.HK) announced its unaudited financial results for the second quarter ("Q2 2024") and interim period ended June 30, 2024.In the first half of the year, revenue increased by 14.1% year-over-year, with second quarter revenue growth slightly exceeding the upper limit of guidance.H World continues to prioritize customer ...