FAST NEWS: H World returns to black, forecasts slowing revenue growth
The latest: Hotelier H World Group Ltd. (HTHT.US; 1179.HK) announced last Friday it recorded a net profit of 1.31 billion yuan ($183 million) in the third quarter, reversing a net loss of…
FAST NEWS: H World’s revenue per room tops pre-pandemic levels
The latest: Hotelier H World Group Ltd. (HTHT.US; 1179.HK) announced Tuesday that revenue per available room (Revpar) for its legacy Huazhu business in the first quarter recovered to 118% of…
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,…
Huazhu Founder Steps Down as CEO a Third Time, as Hotelier Bounces Back from Covid
Ji Qi’s resignation as CEO comes as leading Chinese hotel operator reports strong rebound in first half of 2021 Key Takeaways: Huazhu founder Ji Qi is stepping down as the…
