The Zhitong Finance App learned that Huazhu Group-S (01179) rose more than 6% in the intraday period. As of press release, it had risen 4.82% to HK$31.55, with a turnover of HK$75.2584 million.

According to the news, Huazhu Group's previous data shows that as of April 23, the hotel reservation rate for the May 1st holiday this year has remained the same as last year's May 1st holiday reservation rate, and the trend continues to rise. The reservation rate for hotels in Chengdu and Chongqing increased by 3 percentage points compared to last year's “May Day” holiday reservation rate. The hotel reservation rate for “new influencers” in Tianshui increased by 10 percentage points compared to last year's “May 1st” holiday reservation rate.

According to Dongxing Securities, in the short term, hotels have both tourist demand and business demand. Travel demand remains high, and attention is being paid to the pace of recovery in off-holiday business demand. Minsheng Securities previously pointed out that the company has stable barriers as a leading hotel. It is expected to accelerate the opening of the store in 2024 with strong operational efficiency, internal quality optimization and high-quality development of the hotel, continuous integration of membership/supply chain platforms, and the company's subsequent performance and operating quality are expected to be further optimized.