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.

May 17, 2024
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