H World Group Limited Q4 Preliminary Results: Blended RevPAR up 20.0%, Occupancy Rate Down -1.7ppt, Blended Average Daily Room Rate Up 22.5% Vs. 2019 Level
Portfolio Pulse from Benzinga Newsdesk
H World Group Limited reported its Q4 preliminary results, showing a 20.0% increase in blended RevPAR (Revenue Per Available Room) compared to 2019 levels. However, the occupancy rate decreased by 1.7 percentage points. The blended average daily room rate saw a significant rise of 22.5% from the 2019 level.
January 22, 2024 | 11:59 am
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POSITIVE IMPACT
H World Group Limited (HTHT) reported positive Q4 preliminary results with a significant increase in blended RevPAR and average daily room rates, despite a slight decline in occupancy rates.
The increase in blended RevPAR and average daily room rates indicates strong pricing power and revenue growth, which is typically positive for the stock price. The slight decrease in occupancy rates may be a concern, but the overall positive revenue trends are likely to be more influential on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100