Huazhu Group Limited (HTHT) Misses Q4 EPS by 2c

Huazhu Group Limited (NASDAQ: HTHT) reported Q4 EPS of RMB0.29, RMB0.02 worse than the analyst estimate of RMB0.31. Revenue for the quarter came in at RMB786 billion versus the consensus estimate of RMB743.8 billion.

• For the first quarter of 2024, H World expects its revenue growth to be in the range of 12%-16% compared to the first quarter of 2023 or in the range of 11%-15% excluding DH.
• For the full year of 2024, H World expects revenue growth to be in the range of 8%-12% compared to the full year of 2023, or in the range of 8%-12% excluding DH.
• For the full year of 2024, H World expects to open around 1,800 hotels and close around 650 hotels.

For earnings history and earnings-related data on Huazhu Group Limited (HTHT) click here.

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