H World Q1: Earnings Beat, Revenue Up 67%, Pend-Up Demand & More
Portfolio Pulse from Shivani Kumaresan
H World Group Ltd (NASDAQ:HTHT) reported Q1 FY23 sales growth of 67.1% YoY to $652 million, beating analyst consensus of $628.50 million. Occupancy rate for Legacy-Huazhu hotels was 75.6%, and blended RevPAR was RMB210. The company expects Q2 revenue growth of 51%-55% and maintains its full-year expectation of 1,400 gross hotel openings and 42-46% YoY revenue growth.
May 30, 2023 | 9:33 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
H World Group's Q1 FY23 sales growth of 67.1% YoY to $652 million beat analyst consensus. The company expects Q2 revenue growth of 51%-55% and maintains its full-year expectation.
H World Group's Q1 earnings beat analyst consensus, showing strong sales growth and increased occupancy rates. This positive performance, along with the company's optimistic Q2 revenue growth outlook, is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100