On May 27, H World Group (01179.HK) fell 3.75% in regular trading, trading at 33.46 HKD/share, with trading volume of approximately 6.4 million HKD.
On the news front, industry RevPAR data deteriorated notably in early May. The week of April 26 to May 2 saw RevPAR decline 8.7% year-over-year, while Labor Day holiday RevPAR fell 0.9% YoY, significantly missing market expectations of mid-single-digit growth. Occupancy rate decline was identified as the primary driver. Meanwhile, crude oil prices have remained persistently above $100/barrel, suppressing consumer travel willingness. Labor Day holiday travel trips and tourism revenue grew only 3.6% and 2.9% YoY respectively, marking a sharp deceleration from Spring Festival and Qingming holidays, while aviation passenger volume dropped substantially to -5.8% YoY.
Within the Hotels, Resorts and Cruise Lines sector, TRIP.COM-S rose 1.2%, while SHANGRI-LA ASIA fell 1.64%, CHINA TRAVEL HK fell 0.81%, TONGCHENGTRAVEL fell 0.53%, and TRAVELSKY TECH fell 0.53%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
Comments