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HTHT: Resilient, Leader Shines!
Revenue beat estimates.
Guidance raised across the board.Also announced a new $2.5bn three-year shareholder return plan.+10
HTHTFinancial Analysis
HTHT
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HTHT (Trans): $2.5bn capital return, unit-opening guidance unchanged
Q2 revenue rose 10.8% YoY to RMB 7.1bn, while adj. net profit grew 26.9% to RMB 1.7bn. A new three-year $2.5bn shareholder return program and Approx. $275mn in dividends were approved.
H1 store openings were down about 20% YoY, and Intl RevPAR still fell 3.8%. The full-year RevPAR outlook and guidance for 2,200–2,300 new openings remain unchanged.HTHTConference Minutes
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HTHT (Trans): Mid-to-upscale brands show stronger overall RevPAR recovery
Below are Dolphin Research's notes from H World's FY26 Q1 earnings call.
For our full take on the results, please see 'H World: Shedding Burdens, Going Lean—Still a Top Student in Hotels!'
HTHTConference Minutes
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HTHT: Leaner and unburdened, still a top performer in hotels!
RevPAR up further YoY
HTHTFinancial Analysis
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HTHT (Trans): Continuing to pursue brand-led, high-quality growth---
Below is Dolphin Research's Trans of HTHT's FY25 Q4 and full-year earnings call. For the earnings analysis, please refer to 'HTHT: After a reset and rebound, how long can the 'top student' status last?'
HTHTConference Minutes
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HTHT: After the reset and rebound, how long can the poster-child status last?---
With the asset-light transition advancing and the hospitality & travel sector recovering, Q4 sustained the strong momentum seen in Q3. Results beat expectations.
HTHTFinancial Analysis
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Huazhu (Minutes): Experiential consumption shows significant growth
The following are the minutes of Huazhu's 3Q25FY earnings conference call organized by Dolphin Research. For a review of the financial report, please refer to 'Huazhu: Deep Squat and Jump! Huazhu is still the industry leader.'
HTHTConference Minutes
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Huazhu: Deep Squat and Jump! Huazhu Remains the Industry Leader
On 17 November 2025 Beijing time, prior to the US market open, Huazhu (1179.HK/HTHT.O) $HWORLD-S(01179.HK) $H World(HTHT.US) released its Q3 2025 financial report. Driven by robust leisure travel demand and the advancement of its asset-light transformation strategy, the company's overall performance continued to improve, exceeding market expectations. Key highlights include: 1. RevPAR showed sequential recovery. Examining the core operational metric of revenue per available room (RevPAR)...
HTHTFinancial Analysis
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Huazhu Club FY25Q2 Minutes: Hanting 4.0 Signing Strong
The following are the minutes of Huazhu's Q2 2025 earnings call. For an interpretation of the financial report, please refer to "Huazhu: Strengthening Internal Skills, Is Huazhu Ready to 'Squat and Jump'? -"
HTHTConference Minutes
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Huazhu: With solid internal strength, is Huazhu ready to 'squat and jump'?
On August 20, 2025, before the U.S. stock market opened, Huazhu (1179.HK/HTHT.O) released its Q2 2025 financial report. Overall, the most striking aspect is the company's asset-light transformation strategy, which has significantly improved the company's core operating profit. Specifically:
HTHTFinancial Analysis