FAST NEWS: H World’s revenue per room reaches 121% of pre-pandemic levels
The latest: Hotel operator H World Group Ltd. (HTHT.US; 1179.HK) reported Tuesday that revenue per available room (Revpar) for its legacy Huazhu business in the second quarter reached 121% of pre-pandemic levels in 2019.…
FAST NEWS: H World Raises $260 Million in Share Placement
The latest: Hotelier H World Group Ltd. (HTHT.US; 1179.HK) on Tuesday announced it will raise $260 million by selling 6.19 million American depositary shares (ADSs), or about 1.95% of its enlarged share capital,…
Fast News: H World Group Appoints New CFO
The Lastest: Hotelier H World Group Ltd. (HTHT.US; 1179.HK) announced last Friday it promoted He Jihong from CEO of its international business to its new CFO. Looking Up: He joined the…
Lots of Room at the Inn: Hotelier H World Bunkers Down for Another Loss
The company’s key performance indicators are approaching pre-pandemic levels, but Covid-related restrictions in China continue to hamper its return to profitability Key Takeaways • H World said its revpar is…
Big-Name Banks Test Out Climate for Chinese U.S. Listings with Atour Application
High-end hotel operator relaunches its U.S. listing plan to raise more than $300 million, with Citigroup and BofA Securities as lead underwriters Key Takeaways: Atour could become the biggest U.S.…
Can a Strong June Salvage H World Group’s Second Quarter Malaise?
Chinese hotelier is enjoying rising room rates and occupancies at its over 8,000 hotels, but that’s unlikely to offset a disastrous April and May Key Takeaways H World Group’s average…
FAST NEWS: Huazhu Loss Doubles in Q1, Sees Q2 Revenue Contraction
The latest: Hotel operator Huazhu Group Ltd. (HTHT.US, 1179.HK) reported its net loss widened by 154% to 630 million yuan ($94 million) in the first quarter from a year earlier,…
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