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[Macquarie adjusts Huazhu Group's target price to HK$36]

Huazhu Group (01179congobongo.HK)'s Hanting, Orange and All Seasons hotel brands boost domestic business performancecongobongo, average daily room prices and occupancy rates have increased. Macquarie research showscongobongo, the company's brand adjustment and upgrade are expected to promote the further development of domestic business.

The transformation of Huazhu Group's asset-light business model has attracted market attention. Macquarie pointed out that the group's overseas business is currently mainly focused on improving profitability. Although expansion accelerated in the first quarter, the full-year expansion target remained unchanged, indicating that the company may adopt a strategic expansion approach and increase