Hyatt Sees China Supporting Hotel Development During Property Crisis [Yahoo! Finance]
H World Group Limited - American Depositary Shares (HTHT)
Last h world group limited - american depositary shares earnings: 3/26 05:00 pm
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Source: Yahoo! Finance
“What we hear from our team on the ground is that the government is doing things to help companies because there have been some challenges in the property market,” said Joan Bottarini, Hyatt's CFO. “The government is helping property developers because this is the way to continue to stimulate the economy in certain markets. They're helping them to get these hotels advanced and financed.” About 40% of Hyatt's pipeline of 127,000 rooms worldwide is in China. Yet China's commercial real estate market is struggling, and there's been a potential spillover effect in delaying hotel development, as cash-strapped partners might not be able to work with Hyatt as quickly as in the past. Distressed sales comprised more than 20% of Chinese commercial real estate deals last year, MSCI Real Assets said this week. Sales of all types of property were down by a third year-over-year. “We have a significant portion of our hotels there that are state-owned,” Bottarini said. “So that support comes
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News
- H World Group Limited Schedules First Quarter of 2024 Earnings Release on May 17, 2024 [Yahoo! Finance Canada]Yahoo! Finance Canada
- H World Group Limited Schedules First Quarter of 2024 Earnings Release on May 17, 2024 [Yahoo! Finance]Yahoo! Finance
- H World Group Limited Schedules First Quarter of 2024 Earnings Release on May 17, 2024GlobeNewswire
- H World Group Limited Announces Completion of the Put Right Offer for Its 3.00% Convertible Senior Notes due 2026 [Yahoo! Finance]Yahoo! Finance
- H World Group Limited Announces Completion of the Put Right Offer for Its 3.00% Convertible Senior Notes due 2026GlobeNewswire
HTHT
Earnings
- 3/20/24 - Miss
HTHT
Sec Filings
- 5/8/24 - Form 6-K
- 5/6/24 - Form 6-K
- 4/30/24 - Form SC
- HTHT's page on the SEC website