H World Group sees Q3 Legacy-Huazhu RevPAR 129% of 2019 level

H World Group announced preliminary results for hotel operations in the Q3. For the Legacy-Huazhu business, RevPAR in Q3 recovered to 129% of the 2019 level, supported by the strong travel demand. Breaking down into monthly numbers, RevPAR in July, August and September 2023 recovered to 132%, 128% and 128% of the 2019 levels, respectively. While the RevPAR growth continued to be primarily driven by ADR growth, the occupancy rate recovery also improved sequentially this quarter. In Q3 2023, hotel openings picked up with a gross openings of 545 hotels, and hotel closures amounted to 139 hotels. Steigenberger Hotels GmbH and its subsidiaries continued its promising business recovery trend and its RevPAR recovered to 107% of the 2019 level.