H world group-S (01179) rose more than 4% at the close, up 3.41% as of the drafting, at 25.75 Hong Kong dollars, with a turnover of 43.8326 million Hong Kong dollars.
According to the Intelligence Finance APP, H world group-S (01179) rose more than 4% at the close, up 3.41% as of the drafting, at 25.75 Hong Kong dollars, with a turnover of 43.8326 million Hong Kong dollars.
Puyin International released a research report stating that facing the industry's generally high base and the impact of inefficiently closing domestic business outlets, H world group achieved a year-on-year increase of 2.4% and 1% in overall and domestic business revenue in the third quarter, respectively, reaching the lower end of the revenue growth rate given by management. Management gave revenue guidance for 4Q24, with overall and domestic business revenue expected to increase by 1%-5% year-on-year, implying a full-year revenue growth rate in the range of 7.4%-8.5%. The bank believes that the company's achievability of the 4Q24 revenue guidance is relatively high.
The bank believes that with the entry into the fourth quarter, the impact of high base figures on operational indicators will ease, driving a narrowing of the RevPAR decline on a quarter-on-quarter basis. Looking ahead to 2025, the bank believes that as the supply and demand relationship in the hotel lodging market becomes more balanced, China's cultural tourism industry develops, and stimulated by China's open visa-free policy, next year's RevPAR is expected to stabilize and rise year-on-year.