HTHT - Chinese Hotel Management Firm H World Says Near-Term Revenue Per Available Room Performance Might See Some Fluctuations - Here's Why | Benzinga
H World Group Ltd (NASDAQ:HTHT) reported first-quarter FY24 sales growth of 17.8% year-on-year to RMB5.3 billion ($731 million), beating the analyst consensus estimate of $711.50 million.
Revenue from Legacy-Huazhu segment increased 18.1% to RMB4.2 billion and that of Legacy-DH segment gained 16.6% to RMB1 billion.
The occupancy rate for all the Legacy-Huazhu hotels in operation was 77.2% versus 75.6% in first-quarter FY23, and Blended RevPAR was RMB216 versus RMB210 in first-quarter FY23.
The occupancy rate for all Legacy-DH hotels ...