H World Group Sees Declining Revenue From Leased Hotels, Adjusted EPS Misses Estimate
H World Group Sees Declining Revenue From Leased Hotels, Adjusted EPS Misses Estimate
Revenue rose by 2.4% year-over-year, within the previously forecasted guidance of an increase of 2% to 5%H World Group Limited (NASDAQ:HTHT) shares are trading lower on Tuesday after the company reported worse-than-expected third-quarter results.
華住集團有限公司（納斯達克：HTHT）股票週二交易走低，公司報告了遜於預期的第三季度業績。
Adjusted earnings per ADS of 61 cents, missing the analyst consensus of 69 cents.
每股美國存托股份調整後爲61美分，低於分析師一致預期的69美分。
Quarterly sales of $918 million missed the street view of $933.86 million.
季度銷售額爲91800萬美元，低於93386萬美元的街頭預期。
Revenue rose by 2.4% year-over-year, within the previously forecasted guidance of an increase of 2% to 5% for the third quarter of 2024.
營業收入同比增長2.4%，符合此前預測的2024年第三季度增長2%至5%的指引。
Revenue from the Legacy-Huazhu segment grew by 1% year-over-year, aligning with the previously announced 1% to 4% guidance, while revenue from the Legacy-DH segment saw an 8.9% year-over-year increase.
傳統華住板塊的營業收入同比增長1%，與此前宣佈的1%至4%指引一致，而傳統DH板塊的營業收入同比增長8.9%。
As of Sept. 30, 10,845 hotels and over one million hotel rooms were in operation.
截至9月30日，華住運營着10845家酒店和超過一百萬個客房。
In the third quarter, revenue from leased and owned hotels was $526 million, representing a decline of 4.8% year-over-year and a 0.2% quarter-over-quarter increase.
第三季度，租賃和自有酒店的營業收入爲52600萬美元，同比下降4.8%，環比增長0.2%。
Revenue from manachised and franchised hotels in the quarter was $371 million, representing a 14.7% year-over-year growth.
季度內，管理和加盟酒店的營業收入爲37100萬美元，同比增長14.7%。
Hotel turnover increased 10.7% year-over-year in the third quarter. Adjusted EBITDA reached $300 million in the quarter.
酒店營業額同比第三季度增長10.7%。調整後的EBITDA在本季達到30000萬元。
As of Sept. 30, 2024, the company had cash and cash equivalents of $1 billion and restricted cash of $98 million.
截至2024年9月30日，該公司的現金及現金等價物爲10億美元，受限現金爲9800萬美元。
Outlook: For the fourth quarter, the company anticipates revenue growth of 1%–5%, excluding the DH segment.
展望：第四季度，公司預計營收增長1%–5%，不包括DH板塊。
"This quarter, Legacy-Huazhu's blended RevPAR declined by 8% year-over-year primarily due to a high ADR base in the same period last year and unfavorable weather. Our occupancy rate remained solid at 85% despite our ongoing rapid hotel network expansion," Jin Hui, CEO of H World said.
"這一季度，浩宜華住的綜合RevPAR同比下降8%，主要是由於去年同期高ADR基數和不利天氣。儘管我們正在迅速擴大酒店網絡，但我們的入住率保持在85%的穩定水平，" 華住首席執行官金輝說。
"We aim to expand our presence across all regions and continue penetrating into lower-tier cities in China, thereby reaching more of China's hotel market with our high-quality hotel products with excellent services," Jin noted.
"我們旨在擴大在所有地區的影響力，並繼續向中國的下沉市場滲透，以優質的酒店產品和卓越的服務覆蓋更多中國酒店市場，" 金指出。
"Regarding our business outside China, our Legacy-DH business recorded a 3.7% year-over-year blended RevPAR increase in the third quarter of 2024. We continued focusing on cost reduction in our European business, while at the same time seeking growth opportunities in the Asia-Pacific (APAC) and in the Middle East areas," he added.
"關於我們在中國以外的業務，我們的Legacy-DH業務在2024年第三季度錄得了3.7%的綜合RevPAR同比增長。我們繼續專注於在歐洲業務中降低成本，同時尋求亞太地區和中東地區的增長機會，" 他補充道。
HTHT Price Action: H World Group shares are down 5.89% at $33.10 at publication Tuesday.
HTHt價格走勢：華住集團股價週二發佈時報33.10美元，下跌5.89%。
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譯文內容由第三人軟體翻譯。
