H World Group Expects Q3 Revenue Growth To Be 2% - 5% Y/Y, Or In The Range Of 1%-4% Excluding DH
Portfolio Pulse from Benzinga Newsdesk
H World Group anticipates a Q3 revenue growth of 2% to 5% year-over-year, or 1% to 4% excluding DH. The company has revised its hotel opening guidance for 2024, planning to open over 2,200 hotels, up from the previous estimate of 1,800.
August 20, 2024 | 10:22 am
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H World Group expects Q3 revenue growth between 2% and 5% year-over-year, with an increase in hotel openings for 2024 to over 2,200 from 1,800. This suggests a positive outlook for the company's growth and expansion.
The upward revision in hotel openings and expected revenue growth indicate strong business performance and expansion potential for H World Group. This is likely to positively impact HTHT's stock price in the short term.
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