How did Huazhu's revenue and expenses perform in Q4 2024 compared to previous quarters?

**H World Group's Revenue Performance in Q4 2024**:

1. **Revenue Growth**: The total revenue for H World Group in Q4 2024 was $825.15 million. This represents a significant increase compared to the previous quarter's revenue of $917.98 million in Q3 2024, and even more so compared to $845.99 million in Q2 2024 and $730.99 million in Q1 2024.

|code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|market_code|
|---|---|---|---|---|---|---|
|HTHT|HTHT.O|H World Group|2023 Q4|46.399077822376086|7.8663077425E8|185|
|HTHT|HTHT.O|H World Group|2024 Q1|12.057546297237423|7.309945552E8|185|
|HTHT|HTHT.O|H World Group|2024 Q2|10.932162341932921|8.4599295784E8|185|
|HTHT|HTHT.O|H World Group|2024 Q3|6.513440688759344|9.1797765612E8|185|

2. **Year-Over-Year Comparison**: When compared to the same quarter of the previous year, Q4 2023, H World Group's revenue increased by approximately 7.8%. This indicates a strong performance and growth in revenue over the past year.
3. **Segmental Analysis**: Within H World Group's revenue, the Legacy-Huazhu segment showed a 9.2% year-over-year increase in revenue for Q4 2024, surpassing the revenue guidance of a 1% to 5% increase compared to Q4 2023. The Legacy-DH segment had a more modest increase of 2.9% year-over-year in Q4 2024, but still showed growth after a year of 9.6% increase for the full year of 2024.
4. **Hotel Turnover**: The hotel turnover for the fourth quarter of 2024 increased by 16.5% year-over-year, reaching $23.7 billion. This is a strong indicator of increased business activity and demand for H World Group's hotel services.

**H World Group's Expense Performance in Q4 2024**:

1. **Operating Expenses**: Unfortunately, no data is available regarding the operating expenses for H World Group in Q4 2024.
2. **Previous Quarter Performance**: There is no information on the operating expenses for Q3 2024, Q2 2024, or Q1 2024 to compare against.

**Insights and Analysis**:

1. **Revenue Outperformance**: H World Group's revenue in Q4 2024 exceeded expectations, with a year-over-year increase of 7.8% and a quarter-over-quarter increase of approximately 7.5%.
2. **Segmental Strength**: The Legacy-Huazhu segment performed well, with a 9.2% year-over-year revenue increase, indicating a strong brand and operational performance in the core market.
3. **Growth Focus**: The company's continued growth can be attributed to robust demand in both leisure and business travel, which has led to a recovery in revenue per available room (RevPAR) to 122% of the 2019 level.

In conclusion, H World Group's revenue in Q4 2024 showed strong growth and outperformance compared to the previous quarters, with significant year-over-year increases and robust segmental performance. However, specific data on operating expenses for the quarter is not available for analysis.