Future

World

<div class="textg" style="text-align: justify; font-weight: lighter; line-height: 1.3em; font-size: 15px; border-radius: 3px; color: #80909a; padding: 10px; background-color: #F4F6F9; margin-bottom: 15px;">
 Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noopener noreferrer nofollow" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.
</div>
<h3 id="key-highlights">Key Highlights</h3>
<ul>
 <li><strong>Revenue Surge:</strong> H World Group Limited’s revenue in Q3 2023 jumped by 53.6% year-over-year to RMB 6.3 billion, surpassing the expected 43-47% increase​​​​.</li>
 <li><strong>Net Income Growth:</strong> Net income in Q3 2023 reached RMB 1.3 billion, a significant turnaround from the net loss of RMB 717 million in Q3 2022​​​​.</li>
 <li><strong>Operational Expansion:</strong> The company expanded its global footprint to 9,157 hotels with 885,756 rooms, and plans further growth​​.</li>
</ul>
<p>H World Group Limited (NASDAQ: HTHT and HKEX: 1179), a prominent player in the global hotel industry, reported its unaudited financial results for Q3 2023, ending September 30, 2023​​. The company showcased a robust financial performance, with a remarkable 53.6% increase in revenue, amounting to RMB 6.3 billion. This growth significantly exceeded the initial revenue guidance of a 43% to 47% increase​​. Notably, the revenue from the Legacy-Huazhu segment alone increased by 61.8% year-over-year, contributing significantly to the overall revenue surge​​.</p>
<div class="cta-referral"><img src="https://tokenist.com/wp-content/themes/thetokenist/assets/img/del/cta-referral-1.png" alt="" class="cta-referral__img" loading="lazy" decoding="async">
 <div class="cta-referral__text">
  <p>Join our&nbsp;<a href="https://t.me/thetokenist" target="_blank" rel="noopener noreferrer nofollow">Telegram group</a>&nbsp;and never miss a breaking digital asset story.</p>
 </div>
</div>
<h3 id="operational-performance">Operational Performance</h3>
<p>Regarding operational metrics, the company’s hotel network expanded to 9,157 hotels, including 885,756 rooms across 18 countries​​. The third quarter of 2023 saw the opening of 545 hotels under the Legacy-Huazhu segment, along with the closure of 139 hotels, indicating active portfolio management​​. Key operational highlights included a 41.1% increase in same-hotel RevPAR for the Legacy-Huazhu hotels, driven by ADR growth and occupancy rate improvements​​. The Legacy-DH segment also performed well, with a RevPAR recovery to 107% of 2019​​.</p>
<h3 id="financial-health-and-future-outlook">Financial Health and Future Outlook</h3>
<p>H World demonstrated strong financial health with an operating cash inflow of RMB 1.2 billion and a solid balance of cash and cash equivalents at RMB 5.8 billion as of September 30, 2023​​. The company’s strategic investments and operational optimizations drove this impressive performance. Looking ahead, H World projects its revenue growth for Q4 2023 to be 41%-45%, or 48%-52%, excluding the DH segment​​.</p>
<p>H World Group Limited’s third-quarter results for 2023 reflect a successful period marked by significant revenue growth, operational expansion, and solid financial positioning.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe>
<p>The post <a rel="noopener noreferrer nofollow" href="https://tokenist.com/earnings-review-h-world-group-htht-beats-expectations-in-q3/">Earnings Review: H World Group (HTHT) Beats Expectations in Q3</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Earnings Review: H World Group (HTHT) Beats Expectations in Q3

Table of Contents

Tokenist

Other articles published on Nov 24, 2023

Rise of Autonomous Weapons: A New Era in Military Technology

Top Cryptos for 2024: GameStop Memes Matches Up with Cardano and TRON

ECB President's Son Bankrupted in Bitcoin! "I Was Right!"

Shiba Inu Burn Rate Jumps Over 100% Fuelling SHIB Price Rally

The Role of People Development in Cross-Functional Collaboration in the Generative AI Era

Expert Explains Key Ways to Get the Best of the Incoming Crypto Bull Run

Join our free newsletter for daily crypto updates!