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.
华住集团有限公司（纳斯达克：HTHT）股票周二交易走低，公司报告了逊于预期的第三季度业绩。
Adjusted earnings per ADS of 61 cents, missing the analyst consensus of 69 cents.
每股美国存托股份调整后为61美分，低于分析师一致预期的69美分。
Quarterly sales of $918 million missed the street view of $933.86 million.
季度销售额为91800万美元，低于93386万美元的街头预期。
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.
营业收入同比增长2.4%，符合此前预测的2024年第三季度增长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.
传统华住板块的营业收入同比增长1%，与此前宣布的1%至4%指引一致，而传统DH板块的营业收入同比增长8.9%。
As of Sept. 30, 10,845 hotels and over one million hotel rooms were in operation.
截至9月30日，华住运营着10845家酒店和超过一百万个客房。
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，租赁和自有酒店的营业收入为52600万美元，同比下降4.8%，环比增长0.2%。
Revenue from manachised and franchised hotels in the quarter was $371 million, representing a 14.7% year-over-year growth.
季度内，管理和加盟酒店的营业收入为37100万美元，同比增长14.7%。
Hotel turnover increased 10.7% year-over-year in the third quarter. Adjusted EBITDA reached $300 million in the quarter.
酒店营业额同比第三季度增长10.7%。调整后的EBITDA在本季达到30000万元。
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，该公司的现金及现金等价物为10亿美元，受限现金为9800万美元。
Outlook: For the fourth quarter, the company anticipates revenue growth of 1%–5%, excluding the DH segment.
展望：第四季度，公司预计营收增长1%–5%，不包括DH板块。
"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.
"这一季度，浩宜华住的综合RevPAR同比下降8%，主要是由于去年同期高ADR基数和不利天气。尽管我们正在迅速扩大酒店网络，但我们的入住率保持在85%的稳定水平，" 华住首席执行官金辉说。
"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.
"我们旨在扩大在所有地区的影响力，并继续向中国的下沉市场渗透，以优质的酒店产品和卓越的服务覆盖更多中国酒店市场，" 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.
"关于我们在中国以外的业务，我们的Legacy-DH业务在2024年第三季度录得了3.7%的综合RevPAR同比增长。我们继续专注于在欧洲业务中降低成本，同时寻求亚太地区和中东地区的增长机会，" 他补充道。
HTHT Price Action: H World Group shares are down 5.89% at $33.10 at publication Tuesday.
HTHt价格走势：华住集团股价周二发布时报33.10美元，下跌5.89%。
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