H World reports Q2 EPS RMB0.48 vs. RMB0.33 last year

Reports Q2 revenue RMB6.43B vs. RMB6.15B last year. For all of the Legacy-Huazhu hotels which had been in operation for at least 18 months, the same-hotel RevPAR was 7.9% down from last year. Jin Hui, CEO of H World (HTHT), commented: “Supported by our asset-light strategy, we delivered robust operating profit growth in the Q2 driven by network expansion, despite a modest year-over-year RevPAR decline. On the development front, we opened another 595 hotels in the quarter, well on track of achieving our 2,300 gross opening target for the full year of 2025. We remain cautious on the near-term industry outlook given the macro uncertainties, rising supply, and relatively soft corporate travel demand. Nevertheless, we are positive on the long-term growth for China’s travel and hospitality industry. We will continue focusing on building our own core competencies, expanding our high-quality network, upgrading our supply chain, enhancing our brand positioning and ‘service excellence’, and strengthening our sales capabilities.”