Chinese hotel giant H World Group said its revenue increased 11.2% year-over-year to RMB6.1 billion (US$846 million) in the second quarter of 2024, at the high end of the previously announced 7% to 11% revenue increase guidance as compared to the second quarter of 2023.
Legacy-Huazhu’s blended RevPAR declined by 2% year-over-year in the second quarter due mainly to a high ADR base in the same period last year. Occupancy rate increased by 0.7 percentage-point year-over-year despite continued rapid rate of hotel network expansion.
Net income attributable to H World Group Limited was RMB1.1 billion (US$147 million) in the second quarter of 2024, compared with RMB1.0 billion in the second quarter of 2023 and RMB659 million in the previous quarter.
