Huazhu Group Ltd (HK:1179) has released an update.
H World Group Limited reported robust performance in its 2024 second quarter and interim financial results, showing a 15.5% year-over-year increase in hotel turnover and an 11.2% rise in revenue, exceeding expectations. Net income grew to RMB 1.1 billion, with a promising forecast for hotel openings, now targeting over 2,200 new hotels by year’s end. The company’s optimistic outlook includes a revenue growth projection of 2-5% for the third quarter of 2024.
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