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Chinese hotel firm H World reports Q1 FY24 sales growth of 17.8% YoY to RMB5.3bn, exceeding analyst consensus.
Chinese hotel management firm H World reports Q1 FY24 sales growth of 17.8% YoY to RMB5.3bn ($731m), exceeding analyst consensus.
Occupancy rates for Legacy-Huazhu and Legacy-DH hotels improved to 77.2% and 55.8% respectively, with Blended RevPAR increasing to RMB216 and €58.
The company held $818m in cash and equivalents.
H World anticipates near-term RevPAR fluctuations.
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La empresa hotelera china H World informa un crecimiento de las ventas en el primer trimestre del año fiscal 24 del 17,8% interanual hasta 5.300 millones de RMB, superando el consenso de los analistas.