H World Group's RevPAR In April, May And June 2023 Recovered To 127%, 115% And 123% Of The 2019 Levels
Portfolio Pulse from Benzinga Newsdesk
H World Group's RevPAR (Revenue Per Available Room) for April, May, and June 2023 has recovered to 127%, 115%, and 123% of the 2019 levels respectively. As of June 30, 2023, the company operates 8,750 hotels with 844,417 rooms in 18 countries. The Legacy-Huazhu business also saw a significant recovery in RevPAR to 121% of the 2019 level, driven by strong domestic travel demand. The company also reported strong growth in new hotel signings, with over 1,000 new hotels signed during the quarter.
July 26, 2023 | 6:32 am
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H World Group, listed as HTHT, reported strong Q2 2023 performance with RevPAR recovering to above 2019 levels and over 1,000 new hotels signed during the quarter.
The news directly pertains to H World Group (HTHT) and indicates a strong recovery in its business, with RevPAR and new hotel signings both showing significant growth. This is likely to boost investor confidence and could positively impact the company's stock price in the short term.
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