The Zhitong Finance App learned that Huazhu Group-S (01179) rose more than 4%. As of press release, it had risen 4.21% to HK$29.7, with a turnover of HK$15.168,500.

CITIC Construction Investment pointed out that the company's main store and same-store RevPAR increased by 3.1%/0.9% in the first quarter, respectively. The retaliatory rebound in demand in the first quarter of last year made the price base high, but the company's occupancy rate continued to recover. At the same time, overall store data benefited from the ADR and structure of new stores affected the year-on-year increase in housing prices, and remained at the leading level. The net opening of 423 companies in the first quarter was 423, the highest in nearly 16 quarters, and Q1 is usually not the peak season for opening stores, and the exhibition situation exceeded expectations.

Societe Generale Securities pointed out that the company has maintained rapid store openings since the beginning of the year. In 2024Q1, the company opened 569 new stores in China, compared to 262 in the same period last year, a significant increase over the previous year. 148 stores were closed during the period. Excluding soft brands and Hanting 1.0, the number was 72. There were 209 and 87 stores in the same period last year, a sharp drop from the previous year. The company will maintain its target of 1,800 new stores in 2024.