Core Insights - Wyndham Travel Bundles allows travelers to customize their entire vacation experience, including flights, hotel stays, rental cars, excursions, and post-cruise getaways, all in one platform [1][6] - The partnership with Carnival Cruise Line enhances the travel experience by allowing members to earn Wyndham Rewards points on cruise bundle reservations, as well as on airfare and car rentals [2][3] Wyndham Travel Bundles - Members earn one Wyndham Rewards point per dollar spent on cruise bundle reservations, with additional points for airfare, car rentals, and hotel stays, including up to 10 points per dollar on qualifying hotel stays [3] - The platform was developed in collaboration with Snowstorm Technologies, and requires that cruise bundles include at least one night at a Wyndham hotel [6] Carnival Cruise Line - Carnival Cruise Line is recognized as the world's most popular cruise line, known for its extensive reach and variety of cruise options, including new exclusive destinations like Celebration Key [2][10] - The company operates a fleet of 27 ships and is set to expand with seven new ships by 2033, reflecting ongoing growth in the cruise industry [10] Wyndham Rewards Program - Wyndham Rewards is the largest hotel rewards program, with approximately 114 million members globally, offering generous point redemption options starting at 7,500 points for free nights [7] - Members can earn guaranteed points with every qualified stay, enhancing the overall value of the Wyndham Travel Bundles [7]

Atour Lifestyle Holdings (ATAT) Q4 2024 Earnings Call March 25, 2025 02:40 PM ET Company Participants Luke Hu - Senior Manager Investor RelationsJianfeng Wu - Co-CFO, Executive VP & DirectorDan Chee - Vice President, Equity ResearchSimon Cheung - Managing DirectorLydia Ling - Director - Equity Research Conference Call Participants None - AnalystXing Chen - Investment Banking Analyst Operator Thank you for standing by, and welcome to Artor Lifestyle Holdings Fourth Quarter and Full Year twenty twenty four Ea ...

Core Insights - Albert Anthony is a Croatian-American media personality who has gained over 1,000 followers on investor platforms since 2023, focusing on markets and stocks [1] - He is set to launch a new book titled "Financial Markets: Growing A Dividend Income Portfolio" in 2025, coinciding with an ongoing series of articles on the same topic [1] - Albert Anthony has a background in management and information systems, having worked in the IT department of a top-10 financial firm [1] Company Profile - Albert Anthony & Co. is a sole proprietorship registered in Austin, Texas, and is wholly owned by Albert Anthony [1] - The company does not provide personalized financial advisory services but offers general market commentary based on publicly available data [1] - Albert Anthony has launched the Future Investor Fund, focusing on building a dividend portfolio [1] Educational Background - Albert Anthony has completed degrees and certificates from several institutions, including Drew University, Corporate Finance Institute, UVA Darden School of Business, CompTIA, and Microsoft [1] - He has attended various business and innovation conferences in Southeast Europe and has spoken at startup and digital nomad events in Croatia and Austin [1]

Financial Data and Key Metrics Changes - The company's net revenue for Q4 2024 grew by 38.5% year-over-year to RMB 2,084 million, and for the full year 2024, it increased by 55.3% year-over-year to RMB 7,248 million [37] - Adjusted net income for Q4 2024 was RMB 333 million, representing a 49.9% increase year-over-year, while adjusted EBITDA for the same period was RMB 443 million, up by 76.5% year-over-year [47] - The adjusted net profit margin for the full year 2024 was 18%, a decrease of 1.4 percentage points year-over-year, and the adjusted EBITDA margin was 24.4%, a decrease of 1.5 percentage points year-over-year [48][72] Business Line Data and Key Metrics Changes - Revenues from manachised hotels for Q4 2024 were RMB 1,106 million, up by 30% year-over-year, while revenues from leased hotels declined by 15.9% year-over-year to RMB 164 million [38][39] - Retail business revenues for Q4 2024 reached RMB 765 million, reflecting an 85.6% year-over-year increase, and for the full year, retail revenues increased by 126.2% year-over-year to RMB 2,198 million [40] Market Data and Key Metrics Changes - The number of hotels in operation increased to 1,619 by the end of Q4 2024, representing a 33.8% year-over-year growth, with 471 new hotels opened during the year [14] - The retail business maintained strong growth momentum, with full-year GMV reaching RMB 2.59 billion, a 127.7% year-over-year increase [19] Company Strategy and Development Direction - The company aims to achieve its strategic goal of 2,000 premier hotels by the end of 2025, with plans to open 500 new hotels in 2025 [58] - The retail business is expected to grow by no less than 35% year-over-year in 2025, driven by new product development and market expansion [68] Management's Comments on Operating Environment and Future Outlook - Management noted uncertainties and challenges for 2025, particularly regarding RevPAR, but expressed confidence in revenue growth due to the expanding hotel network and retail business [54] - The company plans to optimize its cost structure and improve management efficiency to stabilize profit margins despite changes in revenue structure [72] Other Important Information - The company has committed to a three-year annual dividend plan, distributing no less than 50% of the previous financial year's net income [87] - By the end of 2024, registered individual members surpassed 89 million, representing year-over-year growth of more than 40% [31] Q&A Session Summary Question: Can you share some colors about the hotel's performance on RevPAR in Q1 2025? - Management expects a year-on-year decline in Q1 RevPAR of mid- to high single digits due to seasonal factors and weather conditions [52] Question: What is your guidance on hotel openings and signings in 2025? - The company expects to maintain a similar hotel opening growth rate with a target of 500 new hotels in 2025 [58] Question: What are the plans for the retail business in 2025? - The retail business is expected to grow by no less than 35% year-over-year in 2025, with a focus on product R&D and innovation [68] Question: How do you guide the margin channel for 2025? - Management anticipates that the adjusted net profit margin will remain relatively stable, with the operating profit margin of the retail business expected to maintain a similar level in 2025 [72][74] Question: Could you share the plans for hotel closures in 2025? - The company will maintain a similar pace of closures in 2025, focusing on property quality and operational performance [86]

Core Insights - Marriott International is set to introduce a JW Marriott All-Inclusive resort in Costa Elena, Costa Rica, with conversion beginning in July 2025 and expected opening in Spring 2026 [1][2] - The resort will feature 415 guest rooms, 11 food and beverage outlets, and extensive water amenities including 17 swimming pools, emphasizing luxury and wellness [2][3] - This project marks a strategic collaboration with Mullen Real Estate Capital, aiming to redefine luxury all-inclusive experiences in the Caribbean and Latin America [2][4] Company Developments - Marriott has recently opened its 50th luxury hotel in Costa Rica, the Ritz-Carlton Reserve, and signed 10 new deals in 2024, adding 1,086 rooms to its development pipeline [5] - The total development pipeline in Costa Rica now includes 15 properties with a total of 1,776 rooms, indicating strong growth in the region [5] - Marriott currently operates 22 properties across 15 brands in Costa Rica, with more openings anticipated in 2025 [5] Market Positioning - The JW Marriott All-Inclusive resort will be positioned within an exclusive resort-residential community, enhancing its appeal to luxury travelers [3] - Future plans may include the introduction of JW Marriott branded residences, further expanding the luxury offerings in the area [3] - Mullen Real Estate Capital aims to leverage its expertise in the all-inclusive sector to create new opportunities and set benchmarks in the hospitality industry [4][9]

尾盘拉升 不破3320点可考虑加仓 长沙晚报掌上长沙3月24日讯（全媒体记者 刘军）A股三大指数集体红盘报收。截至收盘，沪指涨 0.15%，收报3370.03点；深证成指涨0.07%，收报10695.49点；创业板指涨0.01%，收报2152.55点。沪深 两市成交14507亿元，较上周五缩量1001亿元。 行业板块涨少跌多，旅游酒店、化肥行业、船舶制造、能源金属、保险、银行等板块涨幅居前，装 修装饰、房地产服务、通信服务、互联网服务、航天航空、教育等板块跌幅居前。个股方面，共1460只 个股上涨，涨停54只；共3854只个股下跌，跌停47只。 盘面上，大盘在周末消息面影响下，基本平开，开盘后冲高回落，然后再冲高，沪指最高上攻到 3373点附近。上午10时30分左右，大盘一路震荡下行，沪指最低回踩3340点附近。下午2时20分左右， 大盘明显拉升，最终以红盘收盘。 旅游酒店板块表现强势，张家界、峨眉山A、大连圣亚强势涨停，板块上25只个股仅两只下跌。消 息面上，中共中央办公厅、国务院办公厅印发的《提振消费专项行动方案》提及"鼓励带薪年休假与小 长假连休，实现弹性错峰休假""鼓励有条件的地方结合实际探索设置中小 ...

Financial Data and Key Metrics Changes - In Q4 2024, total revenue for the group increased 7.8% year-over-year to RMB6 billion, exceeding guidance [45] - For the full-year 2024, total revenue increased 9.2% year-over-year to RMB23.9 billion [45] - Adjusted net income was RMB321 million in Q4 2024, with full-year adjusted net income increasing 5.8% year-over-year to RMB3.7 billion [54] - The group generated operational cash inflow of RMB7.5 billion in 2024 [54] Business Line Data and Key Metrics Changes - Legacy-Huazhu's revenue increased 9.2% year-over-year to RMB4.8 billion in Q4 2024, with full-year revenue growing 9.1% to RMB19 billion [45] - Legacy-DH's revenue rose 2.9% year-over-year to RMB1.2 billion in Q4 and increased 9.6% year-over-year to RMB4.9 billion for the full-year [46] - Legacy-Huazhu's blended RevPAR decreased slightly by 3% to RMB235, while occupancy rate improved by 0.2 percentage points to 81.2% [17][18] Market Data and Key Metrics Changes - The number of domestic tourists in China reached 5.6 billion, up 14.8% year-over-year, with total domestic tourism spending increasing 17.1% to RMB5.8 trillion [10] - The hotel turnover for the full-year 2024 was RMB93 billion, a 15% year-over-year increase [44] Company Strategy and Development Direction - The company aims to reach 20,000 hotels in 2,000 cities in the near future, focusing on high-quality development and brand positioning [16][32] - The asset-light model strategy is expected to generate stronger and healthier cash flow, with over 50% of revenue contribution from asset-light business [13][47] Management Comments on Operating Environment and Future Outlook - Management noted that while there are macro uncertainties, domestic travel demand continues to grow steadily, with leisure travel outpacing business travel [8][10] - For Q1 2025, management expects a low single-digit decline in RevPAR year-over-year, but remains confident about stabilization and potential growth for the full year [65] Other Important Information - The company revised its dividend payout policy to no less than 60% of net profit and announced a US$300 million final cash dividend for the second half of 2024 [56] - The company plans to open around 2,300 hotels in 2025 while closing around 600 hotels, representing a 15% year-over-year growth in hotel network [60] Q&A Session Summary Question: RevPAR outlook for Q1 and full-year - Management expects a low single-digit decline in Q1 RevPAR year-over-year but is confident about stabilization and potential growth for the full year [65] Question: Strategy change for Legacy-DH and earnings recovery - Management indicated that the focus for 2025 will be on stabilizing the business and performance while looking for growth opportunities through asset-light and organic growth [67][68] Question: Future dividend payout expectations - Management confirmed the commitment to the current shareholder return plan, aiming to return up to US$2 billion over three years, primarily through cash dividends [78]

Group 1 - The logistics sector has seen significant engagement from investors, particularly in the ASEAN and US markets [1] - Investment diversification has become a strategy for individuals, moving away from traditional savings in banks and properties [1] - The popularity of insurance companies in the Philippines has influenced investment choices since 2014 [1] Group 2 - Initial investments were made in blue-chip companies, but there is now a broader portfolio across various industries and market capitalizations [1] - The US market was entered in 2020, expanding investment opportunities beyond the Philippine market [1] - The use of analytical tools and resources, such as Seeking Alpha, has enhanced comparative analysis between the US and Philippine markets [1]

Core Insights - H World Group Limited reported significant growth in its hotel network, achieving a milestone of 10,000 hotels and opening over 2,400 new hotels in 2024, surpassing its initial target of 1,800 hotels [2][5] - The company maintained a high occupancy rate of 81.2% despite a slight year-over-year decline in RevPAR, indicating strong operational performance amid rapid expansion [2] - The loyalty program, H Rewards, saw membership rise to 267 million, contributing to nearly two-thirds of all bookings, reflecting the effectiveness of the company's digital innovations [4] Financial Performance - Fourth quarter revenue increased by 7.8% year-over-year to RMB 6.0 billion (US$ 825 million) [5] - Full year revenue for 2024 rose by 9.2% year-over-year to RMB 23.9 billion (US$ 3.3 billion) [5] - Adjusted EBITDA for the fourth quarter totaled RMB 1.2 billion (US$ 171 million), marking a 10.3% increase year-over-year, while full year adjusted EBITDA reached RMB 6.8 billion (US$ 935 million), an 8.8% increase year-over-year [5] Strategic Focus - The company is committed to an asset-light strategy, focusing on high-quality hotel network growth and enhancing brand positioning [2][5] - H World Group plans to continue improving hotel operations, cost reduction, and efficiency in its Legacy-DH business, which recorded a 5.9% year-over-year increase in RevPAR [2] - The company has a robust development pipeline with 3,013 hotels in the pipeline as of year-end 2024, indicating strong future growth potential [5][3]

Core Viewpoint - H World Group Limited reported its unaudited financial results for Q4 and the full year of 2024, highlighting significant growth in hotel turnover and revenue, despite a decline in net income due to foreign exchange losses and restructuring costs. Financial Performance - Hotel turnover increased by 16.5% year-over-year to RMB23.7 billion in Q4 2024 and by 15.5% for the full year to RMB23.9 billion (US$3.3 billion) [4][9] - Revenue for Q4 2024 was RMB6.0 billion (US$825 million), a 7.8% year-over-year increase, surpassing previous guidance [4][8] - Net income attributable to H World was RMB49 million (US$7 million) in Q4 2024, down from RMB743 million in Q4 2023 [36] - EBITDA (non-GAAP) for Q4 2024 was RMB974 million (US$134 million), compared to RMB1.4 billion in Q4 2023 [38] Operational Highlights - As of December 31, 2024, H World operated 11,147 hotels with 1,088,218 rooms, including 3,013 hotels in the pipeline [2] - Legacy-Huazhu opened 520 hotels in Q4 2024, exceeding its target of 1,800 for the year [7] - The occupancy rate for Legacy-Huazhu hotels was 80.0% in Q4 2024, slightly down from 80.5% in Q4 2023 [11] Segment Performance - Revenue from the Legacy-Huazhu segment in Q4 2024 was RMB4.8 billion, a 9.2% year-over-year increase [4][9] - Revenue from the Legacy-DH segment in Q4 2024 was RMB1.2 billion, a 2.9% year-over-year increase [4][9] - Adjusted EBITDA from Legacy-Huazhu was RMB1.5 billion in Q4 2024, compared to RMB1.1 billion in Q4 2023 [38] Shareholder Returns - The board declared a cash dividend of approximately US$300 million for the second half of 2024, with total shareholder returns reaching US$767 million for the year [43][45] - H World announced a three-year shareholder return plan with an aggregate amount of up to US$2 billion [44] Future Guidance - For Q1 2025, H World expects revenue growth of 0%-4%, with manachised and franchised revenue growth projected at 18%-22% [47] - For the full year 2025, revenue growth is expected to be in the range of 2%-6%, with manachised and franchised revenue growth projected at 17%-21% [48]