Core Viewpoint - The hotel industry is showing signs of recovery, with a narrowing decline in RevPAR for the third quarter, driven by better-than-expected performance in September, which is expected to continue into October and possibly the fourth quarter [1] Group 1: Company Performance - Huazhu Group's stock rose nearly 6%, closing at 33.1 HKD with a trading volume of 64.37 million HKD [1] - Morgan Stanley anticipates that Huazhu Group's third-quarter performance will exceed expectations, showcasing a positive RevPAR trend and operational leverage benefits [1] Group 2: Industry Trends - According to Guosen Securities, the decline in RevPAR for the hotel industry in the third quarter has continued to narrow on a quarter-on-quarter basis, indicating a positive shift in the industry cycle and individual company operational dynamics [1] - The RevPAR stabilized in September and continued to show resilience post-National Day, primarily driven by business travel [1] - The management of Shouqi Group expects the decline in RevPAR for Q4 to be in the range of 0-3% [1] - Looking ahead, the industry supply growth is expected to become more rational, and if policies stimulate business travel demand alongside flexible arrangements for leisure travel, valuations may recover ahead of the industry cycle turning point [1]
华住集团-S涨近6% 行业RevPAR延续企稳态势 大摩预期公司三季度业绩胜预期