华住集团

H World Announces Q4 and Full Year of 2023 Operating Results ◾ Strong Recovery Momentum in Legacy-Huazhu: RevPAR of 2023 Recovers to 122% of 2019 Levels ◾ RevPAR in Q4 2023 recovered to 120% of the 2019 level for Legacy-Huazhu business (refers to H World’s business in China). Breaking down into each month, the RevPAR in October, November and December 2023 recovered to 120%, 117% and 123% of the 2019 levels, respectively. ◾ Commencing from February 2023, each monthly RevPAR consistently surpasses the 115% relative to the recovery of the 2019 level. ◾ Year-on-Year Revenue Surges Over 50%, Continues to Exceed Guidance ◾ In the fourth quarter of 2023, revenue was RMB5.6 billion (US$786 million), representing a 50.7% year-over-year increase. Revenue from the Legacy-Huazhu was RMB4.4 billion, representing a 59.0% year-over-year increase. Revenue from H World International in the fourth quarter of 2023 was RMB1.2 billion, representing a 26.6% year-over-year increase and a 2.2% sequential increase. ◾ For the full year of 2023, the Group’s Revenue increased 57.9% year-over-year to RMB21.9 billion (US$3.1 billion).  ◾ Net income attributable to H World Group Limited was RMB4.1 billion (US$575 million), compared with a net loss attributable to H World Group Limited of RMB1.8 billion for the full year of 2022. Source: https://lnkd.in/gu-4SBU4

🌏 H World Attends Hotel Investment Conference Asia Pacific Update 2024 From March 13th to 14th, the Hotel Investment Conference Asia Pacific Update 2024 ("HICAP UPDATE") was successfully held in Hong Kong. Ms. He Jihong, the Chief Strategy Officer of H World attended the conference and delivered speeches on the Group's business and the development of the travel industry. ◾ With the resurgence of China's economy in 2023, the Group witnessed promising signs of recovery, commencing from February of the previous year. ◾ Addressing the trajectory of the Chinese economy and its tourism sector, Ms. He underscored a discernible trend of robust demand emanating from lower-tier cities, with a notable increase in RevPAR observed in lower-tier cities, as well as strong franchisee interest in investment in these locations. ◾ Regarding international business development, Ms. He emphasized that Southeast Asia emerges as a nascent market for H World, signaling a promising frontier ripe with untapped potential and strategic opportunities. ◾ The Group also expresses keen interest in nations such as Vietnam, Indonesia, Cambodia, and the Philippines. Moreover, with the official rebranding of Deutsche Hospitality as H World International, the Group embarks on a journey to expand its footprint in overseas markets, signaling the commencement of a new chapter in its international growth. ◾ With its in-house operational system and analytical tools, the Group has significantly enhanced its ability to engage loyal members and forge meaningful connections with customers while deciphering their preferences. Whole Article: https://lnkd.in/gDzTgrdE

H World Announces Q3 Financial Results 🔹 The revenue growth for both the Group and Legacy-Huazhu exceeded the revenue guidance previously announced. ◾ A total of 9,157 hotels or 885,756 hotel rooms in operation as of September 30, 2023. ◾ Revenue was RMB6.3 billion (US$861 million) in the third quarter of 2023, representing a 53.6% year-over-year increase and a 13.7% sequential increase. ◾ The Group's hotel turnover increased 55.1% year-over-year to RMB23.5 billion.  ◾ EBITDA (non-GAAP) in the third quarter of 2023 was RMB2.1 billion (US$293 million), compared with RMB1.7 billion in the previous quarter. ◾ Legacy-Huazhu's ADR was RMB324 in the third quarter of 2023, and the OCC for all the Legacy-Huazhu hotels in operation was 85.9%, with a year-on-year growth increase of 9.8 percentage points. The blended RevPAR was RMB278, recovered to 129% of the Q3 2019 level. ◾ For DH, the ADR was EUR114, and the OCC for all DH hotels in operation was 69.0%. Blended RevPAR increased to EUR79. ◾ During the third quarter of 2023, Legacy-Huazhu opened 545 hotels, including 4 leased and owned hotels, and 541 manachised and franchised hotels. ◾ As of September 30, 2023, H World had a total of 2,970 unopened hotels in the pipeline, including 2,935 hotels from the Legacy-Huazhu and 35 hotels from the DH. Source: https://lnkd.in/gn5tFryF

🌏 H World Attends Hotel Investment Conference Asia Pacific 2023 Ms He Jihong, the Chief Financial Officer, and Mr Murphy Zhu, President of Asia Pacific, were invited to attend the Hotel Investment Conference Asia Pacific ("HICAP") 2023 and delivered speeches on the Group's business and the development of the travel industry. 🌟 He Jihong emphasized that: ◼ H World's portfolio consisting of over 90% limited-service hotels, is well-suited to meet these consumer needs. ◼ In addition, the anticipated rebound of business travel in China further contributes to the favorable outlook for H World's business. ◼ With the in-house operational system and analytical tools, H World has significantly enhanced its ability to attract and retain loyalty members. ◼ H World is expected to open more than 1,000 hotels in the coming year. 🌟 Murphy Zhu shared that: ◼ H World has a pipeline of 2,970 projects in Q3 2023. These solid pipeline results endorse the Group’s growth trends in 2024. ◼ Additionally, CJA, a subsidiary of H World, operates more than 200 apartments with 30,000 units in China, creating a strong synergy between hotels and apartments with their extensive network of over 9,000 hotels. H World will be able to create added value for owners and investors. #HICAP2023

🛫 H World Attended Business China’s Future China Global Forum 2023 🔹 H World is actively implementing green development strategy across extensive hotel network and user base, aligning with the new requirements for green development in China and the European Union. 🔹 Focuses on three aspects: Green Buildings, Green Operations, and Green Services, all aimed at improving energy efficiency and reducing waste to meet the demands of new green development. 🔹 DH has already established clear rules and regulations in the parts of Europe where it operates to meet the local government's requirements for environmental protection." In promoting green development, He Jihong stated, "We should be aware that the most urgent issue today is the environment. Taking action to address the problem is better than sitting back and waiting for it to worsen. I hope that by setting an example, we can awaken more people's awareness of environmental protection, which is a valuable contribution." #BusinessChina