新京报贝壳财经讯（记者曲筱艺）11月17日，华住集团发布2025年第三季度财务业绩。财报显示，今年 第三季度集团的酒店营业额为306亿元，同比增长17.5%。报告期内，集团收入达70亿元，同比增长 8.1%；经调整净利润15.2亿元，同比增长10.8%；经调整息税折旧及摊销前利润25亿元，同比增长 18.9%。 从经营指标来看，三季度华住中国日均房价、入住率和平均可出租客房收入为304元、84.1%和256元， 均延续回升向好态势，并分别达到2024年同期的100.9%、99.2%和99.9%。 （文章来源：新京报） 三季度，华住中国新开业酒店数为749家，这一数据创下年内单季度新高；截至期末，华住中国在营酒 店总数为12580家，在营客房总数约122万间，待开业酒店数量为2727家。在中高端酒店方面，截至三季 度末，华住在营及待开业的中高端门店数量超1600家，同比增长25.3%。 ...

11月17日，华住集团召开2025年第三季度业绩交流会。据悉，2025年第三季度，企业实现收入同比增加 8.1%至人民币70亿元。调整后EBITDA同比增长18.9%至人民币25亿元，利润率扩张至36.1%。 在中国市场，三季度，华住中国新开业酒店数为749家；截至期末，华住中国在营酒店总数为12580家， 在营客房总数为1220297间，待开业酒店数量为2727家。 （Wind数据、新华财经） ...

Core Insights - Huazhu Group reported a hotel revenue of 30.6 billion yuan in Q3 2025, representing a year-on-year growth of 17.5% [2] - The group's total revenue reached 7 billion yuan, an increase of 8.1% year-on-year, with adjusted net profit at 1.52 billion yuan, up 10.8% [2] - Adjusted EBITDA for the quarter was 2.5 billion yuan, reflecting an 18.9% increase compared to the previous year [2] Operational Highlights - In Q3, Huazhu opened 749 new hotels in China, marking a record high for the year, bringing the total operating hotels to 12,580 and total rooms to 1,220,297 [2] - The company maintained a stable occupancy rate while achieving a year-on-year increase in average daily rate (ADR), with Q3 figures at 304 yuan, occupancy rate at 84.1%, and revenue per available room (RevPAR) at 256 yuan [2] - Membership growth was significant, with a 17.3% year-on-year increase, surpassing 300 million members, and member bookings accounted for 74% of total room nights [2] Future Outlook - The company aims to focus on building core competencies, pursuing high-quality network growth, and enhancing market share while strengthening brand positioning and service excellence [3]

Core Insights - H World Group Limited (NASDAQ:HTHT) is a significant player in the global hotel industry, operating over 12,700 hotels with more than 1.2 million rooms, focusing on manachised and franchised hotels which have shown substantial growth [1] Financial Performance - For the quarter ending September 2025, HTHT reported earnings per share (EPS) of $0.66, surpassing the estimated $0.64, marking a 4.69% earnings surprise [2][6] - The company's revenue for the same quarter was approximately $977.7 million, exceeding the estimated $882 million, representing a 3.50% revenue surprise [3][6] - HTHT has consistently exceeded EPS estimates, achieving this in two of the last four quarters, with the previous quarter's EPS reported at $0.59, beating expectations by 5.36% [2] Growth Metrics - Revenue from manachised and franchised hotels increased by 27.2% year-over-year to RMB 3.3 billion, indicating strong demand and improved operating efficiency [4][6] - Adjusted EBITDA rose significantly to RMB 2.5 billion from RMB 2.1 billion year-over-year, reflecting the effectiveness of the asset-light model [4] Market Valuation - The company's price-to-earnings (P/E) ratio is approximately 25.39, with a price-to-sales ratio of about 3.94 [5] - The enterprise value to sales ratio stands at 5.08, and the enterprise value to operating cash flow ratio is around 16.16 [5] - The debt-to-equity ratio is approximately 3.11, and the current ratio is around 0.81, indicating potential liquidity challenges [5]

Major Events - Shandong Xinhua Pharmaceutical Co., Ltd. received the approval notice for the listing application of fumaric acid vonoprazan chemical raw materials [1] - HeYue Pharmaceutical showcased long-term efficacy and safety data from the clinical III MANEUVER study of pitmiprazole at the CTOS 2025 conference [1] - China Software International partnered with Deep Open Hong and Yiswei Computing to build a new ecosystem for "open-source HarmonyOS + RISC-V" digital infrastructure [1] - China General Nuclear Power Corporation's Zhaoyuan Unit 1 is set to begin full construction [1] - Hengrui Medicine's fumaric acid teglutide injection received approval for clinical trials [1] - China National Nuclear Corporation signed an intention procurement agreement for cobalt-60 irradiation sources with the Brazilian National Nuclear Energy Commission [1] Operating Performance - China Railway Construction Corporation recently won several major projects with a total investment of 49.629 billion yuan [1] - Geely Automobile reported a net profit of 3.82 billion yuan for the third quarter, a year-on-year increase of 59% [1] - China Resources Power's subsidiary power plants achieved a cumulative electricity sales volume of 185 million megawatt-hours in the first ten months, a year-on-year increase of 6.5% [1] - Leap Motor reported a net profit of 150 million yuan for the third quarter, maintaining the top sales position among new force brands in China for eight consecutive months [1] - Huazhu Group's net profit attributable to shareholders for the third quarter was 1.5 billion yuan, a year-on-year growth of 15.4% [1] - Air China saw a year-on-year increase of 8.7% in passenger turnover in October [1] - China Eastern Airlines reported a year-on-year increase of 10.58% in passenger turnover in October [1]

11月17日，华住集团发布2025年第三季度财务业绩。财报显示，该季度集团酒店营业额306亿元，同比 增长17.5%；收入70亿元，同比增加8.1%；经调整净利润15.2亿元，同比增加10.8%；经调整EBITDA25 亿元，同比增加18.9%。截至三季度末，华住全球在营酒店12702家，同比增长17.1%；在营客房 1246240间，同比增长17.3%。 华住集团首席执行官金辉表示，三季度依托轻资产模式实现强劲网络扩张及稳定的平均可出租客房收 入，带动收入超越指引上限，经营利润强劲增长，未来集团将专注核心竞争力建设、高质量网络增长与 市场份额提升，强化品牌定位及服务。 第三季度，华住中国新开业酒店749家，创年内单季度新高；期末在营酒店12580家，在营客房1220297 间，待开业酒店2727家。集团坚持以经济型和中档酒店为核心的大众市场战略，通过精细化管理举措， 在维持入住率相对稳定的同时推动日均房价同比正增长。数据显示，三季度华住中国日均房价304元、 入住率84.1%、平均可出租客房收入256元，分别达到2024年同期的100.9%、99.2%和99.9%。 会员体系建设方面，截至三季度末，华住会会 ...

从经营指标来看，报告期内，华住中国日均房价(ADR)、入住率(OCC)和平均可出租客房收入(RevPAR) 分别为304元、84.1%和256元，均延续回升向好态势，并分别达到2024年同期的100.9%、99.2%和 99.9%，显示出华住中国在规模化与精益增长间取得了平衡。 财报显示，报告期内，华住中国新开业酒店数为749家，这一数据创下年内单季度新高；截至期末，华 住中国在营酒店总数为12580家，在营客房总数为1220297间，待开业酒店数量为2727家。在中高端酒店 方面，截至三季度末，华住在营及待开业的中高端门店数量已成功突破1600家，同比增长25.3%。 北京商报讯(记者吴其芸)11月17日，华住集团发布2025年三季度财务业绩。财报显示，2025年三季度， 华住集团酒店营业额为306亿元，同比增长17.5%；收入达70亿元，同比增长8.1%；经调整净利润15.2亿 元，同比增加10.8%。截至三季度末，华住集团全球在营酒店总数为12702家，同比增长17.1%；在营客 房总数为1246240间，同比增长17.3%。 ...

11月17日，华住集团发布2025年第三季度财报显示，第三季度华住集团的酒店营业额为306亿元，同比 增长17.5%。报告期内，集团收入达70亿元，同比增加8.1%；经调整净利润15.2亿元，同比增加10.8%； 经调整EBITDA(息税折旧及摊销前利润)25亿元，同比增加18.9%。截至三季度末，华住集团全球在营酒 店总数为12702家，同比增长17.1%；在营客房总数为124.6万间，同比增长17.3%。 华住集团首席执行官金辉表示："在第三季度，我们依托轻资产模式实现强劲网络扩张，以及同比保持 稳定的平均可出租客房收入，带动收入超越指引上限，并带来经营利润强劲增长。展望未来，集团将继 续专注于建立核心竞争力、追求高质量的网络增长与市场份额提升，并强化品牌定位及卓越服务。我们 对中国酒店业未来的信心始终坚定不移。" 三季度，华住中国新开业酒店数为749家，这一数据创下年内单季度新高；截至期末，华住中国在营酒 店总数为12580家，在营客房总数为122万间，待开业酒店数量为2727家。在酒店网络的布局上，华住执 行以经济型和中档酒店为核心，服务大众市场的战略。 有序推进网络规模化扩张的同时，华住中国在维持入 ...

H World Group (HTHT) came out with quarterly earnings of $0.67 per share, beating the Zacks Consensus Estimate of $0.64 per share. This compares to earnings of $0.61 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +4.69%. A quarter ago, it was expected that this hotel operator would post earnings of $0.56 per share when it actually produced earnings of $0.59, delivering a surprise of +5.36%.Over the last four quarters, the com ...

Core Insights - The core viewpoint of the articles emphasizes the resilience and strategic foresight of Huazhu Group in the face of structural adjustments in the Chinese hotel industry, showcasing its strong financial performance in Q3 2025 despite overall industry pressures [1][2][10]. Financial Performance - In Q3 2025, Huazhu Group reported revenues of 7 billion yuan, an increase of 8.1% year-on-year, and adjusted net profits of 1.52 billion yuan, up 10.8% year-on-year [1][2]. - The group's hotel operating revenue grew by 17.5% to 30.6 billion yuan, with adjusted EBITDA reaching 2.5 billion yuan, reflecting significant growth across all financial metrics [2][3]. Business Model and Growth Drivers - The growth was driven by a combination of "brand empowerment and diversified layout," with management franchise and licensing income increasing by 27.2% to 3.3 billion yuan, highlighting the effectiveness of its franchise model [2][5]. - Huazhu's expansion strategy showed "lean growth," with the number of operating hotels and rooms increasing by 17.1% and 17.3% respectively, and a record 749 new hotels opened in Q3 [2][6]. Operational Efficiency - Key operational metrics remained strong, with Average Daily Rate (ADR) stabilizing, Occupancy Rate (OCC) at 84.1%, and Revenue Per Available Room (RevPAR) holding steady, indicating robust market competitiveness [3][9]. - The company’s operational empowerment system supports franchisees, ensuring high occupancy rates and stable cash flow, which enhances profitability [8][9]. Market Position and Strategic Initiatives - Huazhu's brand matrix covers both economy and mid-range markets, with significant growth in mid-to-high-end hotel signings, positioning it as a leader in the industry [6][10]. - The membership program, "Huazhu Club," has surpassed 300 million members, with a 17.3% year-on-year increase, driving customer loyalty and repeat bookings [7][8]. Future Outlook - The company is poised to benefit from supply-side reforms in the hotel industry, which are expected to create significant growth opportunities for leading brands like Huazhu [10][11]. - Huazhu's long-term vision includes enhancing product quality, expanding mid-to-high-end brand offerings, and optimizing its operational empowerment system, which collectively supports sustainable growth [11][12].