H World Group Limited (HTHT) has released an update.
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H World Group Limited has reported a robust first quarter in 2024 with a 21.1% year-over-year increase in hotel turnover, reaching RMB19.7 billion, and revenue up by 17.8% to RMB5.3 billion, surpassing previous forecasts. The company’s net income, however, saw a decrease to RMB659 million from RMB990 million in the previous year, with a notable net loss in the Legacy-DH segment. The global hotel network now boasts 9,817 hotels with 955,657 rooms, including a significant expansion in the Legacy-Huazhu segment.
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