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

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

H World Group Limited Reports Fourth Quarter and Full Year of 2023 Unaudited Financial Results

March 20, 2024 7:30 AM EDT

A total of 9,394 hotels or 912,444 hotel rooms in operation as of December 31, 2023.Hotel turnover1 increased 55.0% year-over-year to RMB20.4 billion in the fourth quarter of 2023. Excluding Steigenberger Hotels GmbH and its subsidiaries (DH, or Legacy-DH), hotel turnover increased 60.6% year-over-year in the fourth quarter of 2023 and increased 65.9% year-over-year for the full year of 2023.Revenue increased 50.7% year-over-year to RMB5.6 billion (US$786 million)2 in the fourth quarter of 2023, surpassing the revenue guidance... More