7月7日，华住(HTHT)盘中上涨2.23%，截至22:05，报33.97美元/股，成交560.59万美元，总市值104.27 亿美元。 财务数据显示，截至2025年03月31日，华住收入总额53.95亿人民币，同比增长2.22%；归母净利润8.94 亿人民币，同比增长35.66%。 本文源自：金融界 作者：行情君 资料显示，华住集团有限公司源于中国,是一家世界知名的酒店集团。截至2022年6月30 日,华住在17个 国家经营8,176家酒店,拥有773,898间在营客房。华住的品牌包 括海友酒店、怡莱酒店、汉庭酒店、全季 酒店、星程酒店、桔子酒店、桔子水晶 酒店、漫心酒店、美仑酒店、禧玥酒店、花间堂、你好酒店、 CitiGO Hotel、施柏 阁、美轮美奂酒店、Jaz in the City、城际酒店、Zleep Hotels、施柏阁大观及宋品 酒 店。此外,华住还拥有在大中华地区作为美居、宜必思及宜必思尚品主要加盟 商的权利,以及美爵酒店与 诺富特酒店的合作开发权。 华住的业务包括租赁及自有,管理加盟以及特许经营模型。在租赁及所有权 模式 下,华住直接经营通常位于租赁或自有物业的酒店。在管理加盟模式下,华 ...

Group 1 - The core viewpoint of the article highlights Huazhu's financial performance, showing a revenue increase and significant growth in net profit [1][3] - As of March 31, 2025, Huazhu's total revenue is projected to be 5.395 billion RMB, representing a year-on-year growth of 2.22% [1] - The company's net profit attributable to shareholders is expected to reach 894 million RMB, reflecting a year-on-year increase of 35.66% [1] Group 2 - Huazhu Group Limited is a globally recognized hotel group originating from China, operating 8,176 hotels across 17 countries as of June 30, 2022 [2] - The company manages a total of 773,898 guest rooms, with a diverse brand portfolio including Hi Inn, Elan Hotel, HanTing Hotel, and others [2] - Huazhu employs various business models, including leasing and ownership, management franchising, and licensing, with 14% of its hotel rooms operated under leasing and ownership, and 86% under management franchising and licensing [2]

文｜酒管财经 一场"苏超"联赛的狂欢，让江苏"十三太保"的"内斗"文化再次出圈。 从南京到宿迁，从苏州到盐城，各市球迷为家乡球队摇旗呐喊的同时，也带火了酒店预订量的暴涨—— 淮安增长150%，宿迁增长67%，徐州增长54%。 这场足球狂欢背后，江苏酒店市场的"散装"格局同样耐人寻味。 "十三太保"在球场外的另一面，则是酒店市场的激烈角逐。 据《2024中国酒店业发展规模现状大数据分析报告》显示，江苏省会南京，酒店数量仅占全省总数的比 例仅10%，远落后于无锡、苏州，甚至落后于徐州。 另据《2025中国酒店投资白皮书》显示，江苏省酒店业规模与表现区域差异明显，苏北地区酒店数量年 增速（15%）高于苏南（8%），但苏南客房均价（480元/晚）显著高于苏北（290元/晚）。 为何江苏酒店市场会呈现如此碎片化的状态？ 江苏酒店市场"散装"背后，究竟是城市经济实力的较量，还是文旅资源的博弈？ 01、十三太保：江苏酒店的"散装"格局 由于"散装"，江苏向来号称"苏联"：这个省份仿佛不是一个整体，而是十三个地级市的联盟。 南京，假省会罢了；苏州，连机场都没有……江苏内部一直有很强的鄙视链，苏南看不上苏中，苏中瞧 不上苏北。 ...

本文源自：金融界 财务数据显示，截至2025年03月31日，华住收入总额53.95亿人民币，同比增长2.22%；归母净利润8.94 亿人民币，同比增长35.66%。 6月5日，华住(HTHT)盘中上涨2.03%，截至23:03，报36.11美元/股，成交656.38万美元，总市值110.84 亿美元。 资料显示，华住集团有限公司源于中国,是一家世界知名的酒店集团。截至2022年6月30 日,华住在17个 国家经营8,176家酒店,拥有773,898间在营客房。华住的品牌包 括海友酒店、怡莱酒店、汉庭酒店、全季 酒店、星程酒店、桔子酒店、桔子水晶 酒店、漫心酒店、美仑酒店、禧玥酒店、花间堂、你好酒店、 CitiGO Hotel、施柏 阁、美轮美奂酒店、Jaz in the City、城际酒店、Zleep Hotels、施柏阁大观及宋品 酒 店。此外,华住还拥有在大中华地区作为美居、宜必思及宜必思尚品主要加盟 商的权利,以及美爵酒店与 诺富特酒店的合作开发权。 华住的业务包括租赁及自有,管理加盟以及特许经营模型。在租赁及所有权 模式 下,华住直接经营通常位于租赁或自有物业的酒店。在管理加盟模式下,华住通 过华住派 ...

Core Viewpoint - Huazhu Group released its 2024 ESG report, marking the fifth consecutive year of such reports, highlighting achievements in governance, service quality, employee welfare, industry development, environmental protection, and social contribution [1] Group 1: ESG Achievements - The report showcases Huazhu's implementation of modular construction solutions in its key products, which include Hanting 3.5, All Seasons 5.0, and Hello 2.0, emphasizing advantages in construction speed, quality, and energy efficiency compared to traditional methods [1] - Huazhu is committed to green supply chain transformation, prioritizing suppliers with better environmental and social performance, and enhancing collaboration with partners on low-carbon projects [1] - As of the report's end, 90% of Huazhu's international leased and owned stores have obtained ISO 14001 and ISO 50001 certifications, with 134 stores in China recognized as "Green Hotels" [1] Group 2: Low-Carbon Initiatives - Huazhu promotes sustainable living by offering diverse low-carbon accommodation options, with approximately 872,000 orders participating in the "Green Stay" initiative, leading to significant resource savings [2] - The "Green Stay" initiative resulted in the avoidance of washing 7.885 million towels, saving 24,000 tons of water, 680 MWh of electricity, and reducing carbon emissions by 676 tons [2]

Core Viewpoints - In Q1 2025, the company's revenue reached 5.395 billion yuan, a year-on-year increase of 2.2%, with Legacy-Huazhu contributing 4.481 billion yuan, up 5.5% [1] - Adjusted EBITDA for the company was 1.496 billion yuan, a 5.3% increase year-on-year, with Legacy-Huazhu at 1.573 billion yuan, up 5.8% [1] - The company opened 704 new hotels and closed 166, resulting in a net increase of 538 hotels, with a focus on mid-to-high-end segments [1][3] Financial Performance - The adjusted net profit for Q1 2025 was 775 million yuan, reflecting a 0.5% increase year-on-year [1] - The overall revenue growth rate fell within the previously guided range of 0-4%, with management franchise revenue at 2.499 billion yuan, up 21.1% [2] - SG&A expenses for Q1 were 755 million yuan, a decrease of 1.8% year-on-year, with a significant reduction of 11.1% in DH's SG&A expenses [2] Market Trends - The overall occupancy rate, ADR, and RevPAR for Q1 were 76.2%, 272 yuan, and 208 yuan, respectively, showing declines of 1.0 percentage points, 2.6%, and 3.9% year-on-year [2] - The company expects RevPAR to decline in Q2 2025 but anticipates a narrowing of the decline compared to Q1 [2] - The company has 277 million members, with CRS booking proportion increasing by 5.44 percentage points to 65.1% [3] Expansion Strategy - The company accelerated its opening of hotels, with a net increase of 539 hotels in Q1, including 59 mid-to-high-end hotels [3] - The company has completed its "Thousand Cities, Ten Thousand Stores 1.0" plan and is now advancing the 2.0 plan [3] - The current pipeline consists of 2,888 hotels, slightly down from the previous quarter, indicating a higher requirement for brand and product profitability from potential franchisees [3]

Financial Performance - As of December 31, 2024, the total revenue of Huazhu is expected to be 23.891 billion RMB, representing a year-on-year growth of 9.18% [1] - The net profit attributable to the parent company is projected to be 3.048 billion RMB, showing a year-on-year decrease of 25.39% [1] Stock Performance - On May 23, Huazhu's stock price increased by 2.65%, reaching $36.39 per share, with a trading volume of $17.3527 million and a total market capitalization of $11.17 billion [1] Company Overview - Huazhu Group Limited is a globally recognized hotel group originating from China, operating 8,176 hotels across 17 countries as of June 30, 2022, with a total of 773,898 rooms [3] - The company operates under various brands, including Hanting, Hi Inn, and others, and employs multiple business models such as leasing, management franchising, and licensing [3] - As of June 30, 2022, 14% of Huazhu's hotel rooms were operated under leasing and ownership models, while 86% were managed through franchising and licensing [3] Upcoming Events - Huazhu is scheduled to disclose its Q1 2025 financial report on May 16, with the actual release date subject to company announcements [2]

5月21日，港股的酒店龙头华住集团（01179.HK）一度大跌逾7%，截至收盘，公司下跌4.7%，报27.35 港元/股，市值839.5亿港元。 华住集团是国内连锁酒店业领军企业，旗下品牌包括汉庭酒店、全季酒店、桔子酒店、桔子水晶酒店等 等，属于涵盖经济型、中高档酒店的大型集团。消息面，昨日公司发布2025年Q1未经审核财务业绩报 告。 数据显示，第一季度，华住集团酒店营业额为225亿元（人民币），同比增加14.3%。一季度华住集团 实现收入53.95亿元，同比增加2.2%。收入的同比增长，和华住集团轻资产模式下管理加盟及特许经营 收入的大幅提升有关。不过，华住集团一季度收入环比下降10.4%。 截至今年第一季度末，华住集团在营酒店数量为11685家，其中，华住中国有11564家在营酒店，包括 552家租赁及自有酒店以及11012家管理加盟及特许经营酒店。 从经营指标来看，第一季度，华住中国的日均房价为272元，而去年同期日均房价为280元，上一季度日 均房价为277元。 同时，一季度，华住中国入住率保持在76.2%，仍显著高于行业均值，体现出其品牌粘性与会员体系的 支撑作用。不过其去年同期入住率为77.2% ...

Core Viewpoint - Huazhu Group reported a revenue of 5.4 billion yuan in Q1 2025, reflecting a year-on-year increase of 2.2%, while hotel operating revenue reached 22.5 billion yuan, up 14.3% year-on-year. The net profit attributable to shareholders was 894 million yuan, a 35.7% increase year-on-year [2] Financial Performance - In Q1 2025, Huazhu Group's average daily rate (ADR) was 272 yuan, down 2.9% year-on-year, and the average revenue per available room (RevPAR) was 208 yuan, down 3.7% year-on-year. The occupancy rate (OCC) for all operating hotels was 76.2%, a decrease from 77.2% in the same period last year [3][4] - The company opened 694 new hotels and closed 155, with 2,865 hotels in the pipeline, slightly down from the previous quarter. The focus is on high-quality growth, emphasizing profitability over scale [4] Market Dynamics - The business travel market has shown slow recovery over the past two years, with external factors like US-China tariffs impacting small and export-oriented enterprises, creating uncertainty for the company's RevPAR forecasts [4] - Despite challenges, the company maintains a positive outlook on the consumption and tourism market, expecting a narrowing decline in RevPAR in Q2 2025 and aiming for sustained growth throughout the year [4] Strategic Focus - Huazhu Group is upgrading its "Golden Triangle" brands, with a significant increase in the proportion of higher-rated products. The number of mid-to-high-end hotels increased by 36% year-on-year to 933, with 523 more in the pipeline [5] - The company aims to capture market share in the mid-to-high-end segment, particularly in first- and second-tier cities, viewing this as a critical area for growth and brand development [5] - Revenue for Q2 2025 is projected to grow between 1% to 5%, with management and franchise income expected to rise by 18% to 22% [5]

品牌引领方面，顺应消费者追求高性价比产品的趋势，华住中国继续对由汉庭、全季、桔子组成的"金三角"品牌进行升级改造，截至季末，汉庭3.5及以上 产品、全季4.0及以上产品、桔子2.0及以上产品的占比分别升至了40%、78%、70%。 智通财经APP获悉，5月20日，华住集团(HTHT.US,01179)发布2025年一季度财务业绩。财报显示，今年一季度华住集团实现收入54亿元，同比增加2.2%;同 期酒店营业额为225亿元，同比增加14.3%。 华住集团首席执行官金辉表示: "虽然宏观环境依然存在一些挑战和不确定性，但华住将始终坚持长期主义，执行既定发展战略。专注优质网络扩张，强化品 牌定位及卓越服务，并以华住会为核心提升销售能力。" 韧性发展的价值密码 一季度，酒店行业发展呈现出复杂性特征：一方面，社会出行需求高企，热度传导到了酒店市场;另一方面，理性、实用等消费观念的兴起，也使得行业结 构出现了新变化，旧有发展模式亟待更新，这也对以华住为代表的大型酒店集团提出了更高的要求。 对此，华住集团继续贯彻高质量发展战略。一季度末，华住在营酒店数量为11,685家，客房数量为1,142,158间;其中，华住中国酒店数 ...