HTHT - H World indicates 69% recovery of 2019 level in Q2 Legacy-Huazhu RevPAR
- H World ( NASDAQ: HTHT ) provided Q2 prelim results for its hotel operations wherein its Legacy-Huazhu business was significantly impacted by the large-scale outbreak of Omicron variant in China since early-March 2022.
- Q2 RevPAR for the business only recovered to 69% of the 2019 level; April and May 2022 were the hardest-hit with RevPAR only having recovered to 53% and 65% of the 2019 levels respectively.
- Quick look at operating statistics compared to prior quarter and 2019 quarter:
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H World indicates 69% recovery of 2019 level in Q2 Legacy-Huazhu RevPAR