H World Group: Robust Domestic Travel And Leisure Demand Outlook
HWORLD(HTHT) Seeking Alpha·2024-09-02 20:10
Thomas BarwickSummary I am positive on H World Group Limited (NASDAQ:HTHT). My summarized thesis is that the domestic travel & leisure industry in China is still very robust. Flight volume data has recovered very strongly and is seeing no signs of weakness even in July. I see this as a strong indicator of hotel demand, which is a big positive for HTHT. In addition, HTHT is executing very well on various growth initiatives that should better position it to capture demand. Given my positive outlook, I don ...