Core Insights - H World Group reported a strong Q3 2025 performance with hotel revenue reaching 30.6 billion yuan, a year-on-year increase of 17.5% [1] - The group’s revenue for the period was 7 billion yuan, up 8.1% year-on-year, while adjusted net profit rose to 1.52 billion yuan, reflecting a 10.8% increase [1] - Adjusted EBITDA for the quarter was 2.5 billion yuan, marking an 18.9% year-on-year growth [1] Group Performance - As of the end of Q3, H World Group operated a total of 12,702 hotels globally, representing a 17.1% year-on-year increase, with 1.246 million rooms available, up 17.3% [1] - In Q3, H World China opened 749 new hotels, the highest quarterly figure for the year, bringing the total operational hotels in China to 12,580 and available rooms to 1.22 million [1] Market Strategy - The company focuses on an asset-light model for strong network expansion and stable average daily room revenue, which has driven revenue beyond guidance limits [1] - H World Group aims to enhance core competitiveness, pursue high-quality network growth, and strengthen brand positioning and service excellence [1] Membership Growth - H World China saw a 17.3% year-on-year increase in membership, surpassing 300 million members, with a 19.7% growth in member bookings, totaling over 66 million room nights [2] - The company plans to improve member benefits, expand points application scenarios, and deepen cross-industry collaborations to enhance direct sales capabilities and member loyalty [2] Industry Opportunities - The hotel industry is experiencing unprecedented opportunities, driven by increased market pressure, supply-side reforms through franchising, advancements in AI technology, and significant potential in county markets [3] - H World Group introduced a new mid-to-high-end brand "All Seasons Grand" to enhance its brand matrix, with over 1,600 mid-to-high-end stores in operation or planned, a 25.3% year-on-year increase [3]
华住集团三季度营业额增长17.5%至306亿元 全球在营酒店突破1.27万家