H World Group-S (01179) rose nearly 4%, as of the time of publication, it rose by 3.92%, closing at HK$31.8, with a turnover of HK$42.84 million.
According to the Wisdom Financial APP, H World Group-S (01179) rose nearly 4%, increasing by 3.92% as of the time of publication, and closing at HK$31.8, with a turnover of HK$42.84 million.
On the news side, H World Group-S released data showing that during this year's National Day holiday (October 1st to October 7th), its hotels in China received over 8.1 million guests, which is 1.2 times the number of guests received during last year's National Day holiday (September 29th to October 6th, 2023). The overall hotel occupancy rate has also increased compared to the same period last year.
Tianfeng Securities pointed out that in the third quarter of 2024, the company expects revenue to grow by 2% to 5%, or by 1% to 4% excluding DH. The guidance for new hotel openings in 2024 has been raised, with the expectation of opening 2,200 hotels, higher than the previous guidance of around 1,800 hotels. The firm expressed bullish sentiments on the improvement of hotel industry consolidation, citing H World Group's leading scale advantages and excellent operational management efficiency.