Hotel chain H World's Q3 profit up 15.4%

H World

17/11/2025 11:28

Overview

H World Q3 revenue grows 8.1% yr/yr, surpassing high-end of company guidance

Net income for Q3 rises 15.4% yr/yr, supported by Legacy-Huazhu growth

M&F revenue increases 27.2% yr/yr, driven by hotel network expansion

Outlook

H World expects Q4 2025 revenue growth of 2%-6% compared to Q4 2024

H World anticipates 3%-7% revenue growth excluding DH for Q4 2025

Company forecasts Q4 manachised and franchise property (M&F) revenue growth of 17%-21%

Result Drivers

M&F GROWTH - M&F revenue increased 27.2% yr/yr, driven by hotel network expansion

ASSET-LIGHT STRATEGY - Co's asset-light strategy contributed to higher revenue and operating profit growth

OCCUPANCY RATE INCREASE - Legacy-DH segment's occupancy rate increased 4.6 percentage points, boosting RevPAR

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
RMB 6.96 bln
Q3 RevPAR
RMB 256


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the hotels, motels & cruise lines peer group is "buy"

Wall Street's median 12-month price target for H World Group Ltd is $46.70, about 6.2% above its November 14 closing price of $43.80

The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release: ID:nGNX8YVdLC

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)