Can a Strong June Salvage H World Group’s Second Quarter Malaise?

Chinese hotelier is enjoying rising room rates and occupancies at its over 8,000 hotels, but that’s unlikely to offset a disastrous April and May Key Takeaways H World Group’s average occupancy and revpar are recovering after steep declines in April and May due to pandemic restrictions, but still lag 2019 levels Investors are watching whether the company’s loss will narrow in the second quarter on the back of improving hotel performance metrics By Andrew Curran Ahead of soon-to-be-released second-quarter results, hotelier H World Group Ltd. (HTHT.US; 1179.HK) is reporting some…

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FAST NEWS: Huazhu Loss Doubles in Q1, Sees Q2 Revenue Contraction

The latest: Hotel operator Huazhu Group Ltd. (HTHT.US, 1179.HK) reported its net loss widened by 154% to 630 million yuan ($94 million) in the first quarter from a year earlier, despite a 16.4% increase in hotel turnover to 9.5 billion yuan, according to its latest results published on Monday. Looking up: The company’s own first-quarter revenue grew 15.2% to 2.68 billion yuan, slightly outperforming its previously announced guidance for 11% to 15% growth, mainly due to a 17.5% increase in leased and owned hotel revenue to 1.64 billion yuan. Take Note: The wider loss…

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It’s ‘Lights, Camera and Some Action’ for Imax China After Strong Holiday Box Office

Nationwide ticket sales reached $943 million over seven-day Lunar New Year holiday, down 21% from last year but ahead of pre-pandemic levels in 2019 Key Takeaways: China’s Lunar New Year box office totaled 6 billion yuan over the Lunar New Year holiday, up slightly from pre-pandemic levels despite recent Covid flareups New data shows theater operator Imax China’s profit doubled in the second half of 2021, though it has yet to comment on omicron-related disruptions in December and January By Doug Young China’s consumer-facing sectors have become a land of…

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Huazhu Ends 2021 with Omicron Hit, Seen Lingering Into 2022

The hotel operator is facing headwinds from the latest Covid-19 flare-up, whose impact is likely to affect its first quarter results Key takeaways: Huazhu Group is predicting greater uncertainties for its hotels in the first quarter as a result of the recent Covid resurgence and resulting travel restrictions The company has pivoted to focus on quality over quantity growth, in an unexpected shift for some analysts By Lau Ming With recent Covid-19 fare-ups sweeping China and the new omicron variant spreading fast, local governments throughout the country have been tightening…

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New Energy Lands as Hottest Category Among Chinese Concept Stocks in 2021 – Bamboo Works Special Report

Investors kept a close look at China’s solar and wind power stocks last year, but were least interested in the hobbled education sector By Bamboo Works team Chinese concept stocks experienced unprecedented challenges in the Year of the Ox. The small and mid-sized companies covered by Bamboo Works were no exception, also coming under intense pressure. Looking past their stock prices and financial reports, how did these companies perform in terms of media and investor attention? Which companies stood out despite all the pressures? Our special report highlights such trends…

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Covid Disruptions Chop Into GreenTree Profit, as It Tries to Focus on Future

Hotel operator’s revenue rose 16% in the third quarter, even as its profit fell by nearly half due to new openings and weakness at existing properties  Key Takeaways: GreenTree Hospitality’s revenue rose 16% in the third quarter on new property openings, but revpar for existing hotels was down 1.8% year-on-year Company looks undervalued compared with domestic rivals, but ranks stronger than international peer Accor  By Doug Young It’s only two trading days since hotel operator Greentree Hospitality Group Ltd. (GHG.US) reported its latest results for last year’s third quarter. And…

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Huazhu Founder Steps Down as CEO a Third Time, as Hotelier Bounces Back from Covid

Ji Qi’s resignation as CEO comes as leading Chinese hotel operator reports strong rebound in first half of 2021 Key Takeaways: Huazhu founder Ji Qi is stepping down as the company’s CEO for the third time, following its latest period of adjustment Observers believe that despite relinquishing the CEO title, Ji will continue to call the shots from behind the scenes in his remaining role as chairman By M.C. Ho With its Covid-19 outbreak under control, China’s hotel industry has largely recovered on a steady track. Against a backdrop of…

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