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华住(01179,HTHT.US)三季报背后的战略纵深:为何敢“重做”酒店业?
智通财经网· 2025-11-17 13:24
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].
华住集团:第三季度酒店营业额为306亿元 同比增长17.5%
人民财讯11月17日电,11月17日晚间,华住集团发布三季报显示,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为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%。 ...
HWORLD(HTHT) - 2025 Q3 - Earnings Call Transcript
2025-11-17 13:02
H World Group (NasdaqGS:HTHT) Q3 2025 Earnings Call November 17, 2025 07:00 AM ET Company ParticipantsChen Hui - CFOJason Chen - Senior Vice President of Supply ChainNone - TranslatorJin Hui - CEOConference Call ParticipantsRonald Learn - AnalystSimon Chen - AnalystDan Qi - AnalystSujie Lin - AnalystLydia Lin - AnalystZiwei Liu - AnalystOperatorGood day, and thank you for standing by. Welcome to H World Quarter 3, 2025 Earnings Conference Call. At this time, all participants are in the listen-only mode. Aft ...
HWORLD(HTHT) - 2025 Q3 - Earnings Call Transcript
2025-11-17 13:02
H World Group (NasdaqGS:HTHT) Q3 2025 Earnings Call November 17, 2025 07:00 AM ET Company ParticipantsChen Hui - CFOJason Chen - Senior Vice President of Supply ChainNone - TranslatorJin Hui - CEOConference Call ParticipantsRonald Learn - AnalystSimon Chen - AnalystDan Qi - AnalystSujie Lin - AnalystLydia Lin - AnalystZiwei Liu - AnalystOperatorGood day, and thank you for standing by. Welcome to H World Quarter 3, 2025 earnings conference call. At this time, all participants are in the listen-only mode. Aft ...
HWORLD(HTHT) - 2025 Q3 - Earnings Call Transcript
2025-11-17 13:00
H World Group (NasdaqGS:HTHT) Q3 2025 Earnings Call November 17, 2025 07:00 AM ET Speaker4Good day, and thank you for standing by. Welcome to H World Quarter 3, 2025 earnings conference call. At this time, all participants are in the listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask a question during the session, you need to press star 11 on your telephone. You will then hear an automated message advising your hand is raised. Please be advised that today ...
HWORLD(HTHT) - 2025 Q3 - Earnings Call Presentation
2025-11-17 12:00
Disclaimer ⯝餓㡮僈 H World Group Limited (NASDAQ: HTHT and HKEX: 1179) H World November 17, 2025 Third Quarter of 2025 Earnings Call This presentation has been prepared by H World Group Limited (the "H World") solely for informational purposes and should not be construed to be, directly or indirectly, in whole or in part, an offer to buy or sell and/or an invitation and/or a recommendation and/or a solicitation of an offer to buy or sell any security or instrument or to participate in any investment or trading ...
H World Group Reports Solid Q3 2025 Results with Enhanced Profitability and Continued Network Expansion
Prnewswire· 2025-11-17 12:00
SHANGHAI, Nov. 17, 2025 /PRNewswire/ -- H World Group Limited (NASDAQ: HTHT; HKEX: 01179), one of the world's leading hospitality groups, delivered strong third-quarter results for 2025, with continued momentum across its asset-light expansion, loyalty ecosystem, and digital capabilities. Asset-light Strategy Continues to Drive High-quality Growth Continue Reading A Hanting Hotel room, H World's flagship economy brand Hotel GMV reached RMB 30.6 billion, up 17.5% year-on-year, while total revenue grew 8.1% y ...
华住集团-S(01179)第三季度归母净利为15亿元 同比增长15.4%
智通财经网· 2025-11-17 11:19
华住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的强劲网络扩张,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。我们于第三季度新开设 749家酒店,使本年度至今新开设酒店总数突破2,000家,稳步迈向2025年全年开设合共2,300家酒店的目 标。展望未来,本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。" "在中国境外业务方面,我们的Legacy-DH业务于2025年第三季度的混合平均可出租客房收入录得6.4% 的同比增长,主要由入住率增长4.6个百分点所带动。我们将继续加强酒店营运,专注于降本增效,并 持续开发我们的轻资产组合。" 于2025年第四季度,华住预期公司的收入将较2024年第四季度增长2%至 6%,或增长3%至7%(倘不计入 DH)。华住预期于2025年第四季度公司的管理加盟及特许经营收入将较2024年第四季度增长17%至 21%。 智通财经APP讯,华住集团-S(01179)公布2025年第三季度业绩,收入为人民币70亿元,同比增长 8.1%。归属于华住 ...
华住集团-S第三季度归母净利为15亿元 同比增长15.4%
Zhi Tong Cai Jing· 2025-11-17 11:17
Core Insights - Huazhu Group reported Q3 2025 revenue of RMB 7 billion, an increase of 8.1% year-on-year [1] - Net profit attributable to Huazhu Group Limited was RMB 1.5 billion, reflecting a year-on-year growth of 15.4% [1] - Basic earnings per share stood at RMB 0.48 [1] Revenue Breakdown - Revenue from the Legacy-Huazhu segment reached RMB 5.7 billion, up 10.8% year-on-year, driven by the expansion of the management franchise and hotel network [1] - Revenue from the Legacy-DH segment was RMB 1.2 billion, showing a decline of 3.0% year-on-year [1] Operational Highlights - The CEO highlighted strong network expansion through a light-asset model, leading to revenue exceeding guidance and significant operating profit growth [1] - In Q3, the company opened 749 new hotels, bringing the total for the year to over 2,000, on track to meet the target of 2,300 new hotels by the end of 2025 [1] Future Outlook - For Q4 2025, the company expects revenue growth of 2% to 6% compared to Q4 2024, or 3% to 7% excluding DH [1] - Management franchise and operating income is anticipated to grow by 17% to 21% year-on-year in Q4 2025 compared to Q4 2024 [1] International Operations - The Legacy-DH segment recorded a 6.4% year-on-year increase in average revenue per available room, driven by a 4.6 percentage point increase in occupancy rate [1] - The company plans to enhance hotel operations, focus on cost reduction and efficiency, and continue developing its light-asset portfolio [1]
H World Group Limited Reports Third Quarter of 2025 Unaudited Financial Results
Globenewswire· 2025-11-17 11:15
A total of 12,702 hotels or 1,246,240 hotel rooms in operation as of September 30, 2025.Hotel turnover1 increased 17.5% year-over-year to RMB30.6 billion in the third quarter of 2025. Excluding Steigenberger Hotels GmbH and its subsidiaries (“DH”, or “Legacy-DH”), hotel turnover increased 18.4% year-over-year in the third quarter of 2025. Hotel turnover from the Legacy-DH segment increased 7.3% year-over-year in the third quarter of 2025. Revenue increased 8.1% year-over-year to RMB7.0 billion (US$978 milli ...