The Zhitong Finance App learned that in the US stock market on November 17 (Tuesday), the Huazhu Group (HTHT.US) stock price reached a new record high, hitting a high of 50.48 US dollars. As of yesterday's closing, the stock had risen 5.32% to 49.89 US dollars, and the closing price also reached a record high.

According to the latest operating data for the third quarter released by Huazhu Group, as of the end of the third quarter of this year, the number of Huazhu Group's mid-range and high-end hotels was 2,177, and 1,175 were to be opened, accounting for about 34% and 52% of the total number, respectively.

Furthermore, expanding declining markets and budget hotels is still Huazhu Group's key strategy. The founder of Huazhu Group said, “In the market, we are firmly sinking into the third and fourth tier. Not only will we sink into the third and fourth tier, but we will also sink into small hotels, low-end hotels, and affordable hotels. Huazhu will definitely have thousands of stores in thousands of cities, and Huazhu will have more than 10,000 stores in the next three years.”

On November 13, the Hang Seng Index Company announced the results of the Hang Seng Index series quarterly review as of September 30, 2020. The Hong Kong stock Huazhu Group (01179) was included in the Hang Seng Composite Large and Medium Cap Index.