HTHT H World Group (HTHT) Q4 FY25 earnings call
H World Group delivered a strong Q4 and full-year FY25, marked by robust financial growth, significant margin expansion, and the successful turnaround of its Legacy-DH business. The company continued its high-quality network expansion, driven by an asset-light strategy and a focus on economy and mid-scale segments. Management remains committed to shareholder returns and leveraging technology for operational efficiency, while addressing industry oversupply with brand-led differentiation.
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HTHT operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Properties HWC | 13.095KBy the end of first quarter, HWC hotel operation totaled 13,095 and we have another 2,865 hotels in the pipeline.Source: earnings call transcript | 13.417KAs of end June, we had 13,417 hotels in operation in China.Source: earnings call transcript | +2.5% |
| Properties HWC pipeline | 2,865By the end of first quarter, HWC hotel operation totaled 13,095 and we have another 2,865 hotels in the pipeline.Source: earnings call transcript | 3,054As of end June, hotels in pipeline increased both year-over-year and quarter-over-quarter, reached 3,054.Source: earnings call transcript | +6.6% |
| Properties Upper-midscale in operation and in pipeline | 1,658At the end of first quarter, the number of our upper-midscale hotels in operation and in pipeline reached 1,658, up 14.4% year-over-year.Source: earnings call transcript | 1,738As of end June, H World China's upper mid-scale brands and 1,738 hotels in operation and in pipeline, up 13.4% year-over-year.Source: earnings call transcript | +4.8% |
| Stores HWC gross openings | 537So on the hotel HWC, we grossly opened 537 hotels, which is at a relatively high low compared to historical performance.Source: earnings call transcript | 498So on the overall new hotel network expansion, in the second quarter, we opened 498 hotels.Source: earnings call transcript | -7.3% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
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