HTHT - H World Group gives prelim Q2 operating numbers

2023-07-26 04:58:10 ET

H World Group ( NASDAQ: HTHT ) operates 8,750 hotels with 844,417 rooms in 18 different countries as of June 30, 2023.

The RevPAR in April, May, and June 2023 recovered to 127%, 115%, and 123% of the 2019 levels, respectively.

For the Legacy-Huazhu business, the RevPAR recovered significantly to 121% of the 2019 level, benefiting from the strong recovery of demand for domestic travel.

Steigenberger Hotels GmbH and its subsidiaries, driven by an increase in the ADR, recorded restorative growth in Q2 2023, with RevPAR having recovered to 111% of the 2019 level.

More on H World Group

• Struggling European Unit Tramples On H World's Post-Covid Rebound

• Sell side analysts give the stock a Strong Buy rating with an average target price of $56.12

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