2023-04-25 06:44:33 ET
- H World Group ( NASDAQ: HTHT ) provides prelim Q1 updates :
- Legacy-Huazhu business shows Q1 RevPAR recovered to 118% of the 2019 level.
- Breaking down into monthly numbers, our RevPAR in January, February and March 2023 recovered to 96%, 140% and 120% of the 2019 levels, respectively.
- The strong recovery was primarily due to the pent-up demand in Q1 2023, and largely driven by ADR growth.
- Steigenberger Hotels GmbH and its subsidiaries continued with promising business recovery. Q1 2023 Blended RevPAR recovered to 94% of the 2019 levels mainly driven by ADR recovery.
For further details see:
H World Group up 2% after prelim Q1 numbers