Analyst Consensus ?
ConsensusHold19 ratings
Bullish1157.9%
Neutral526.3%
Bearish315.8%
H World Group Limited · HTHT · FY2025 Q1 · Calendar Q2 2025
H World maintains guidance as asset-light model advances
The call provides partial support for a constructive earnings-growth thesis: H World is advancing its asset-light transition, expanding upper-midscale and membership initiatives, and controlling costs. However, declining overall RevPAR, business-travel weakness, supply pressure, and missing reported actuals limit conviction.
Reported Before market openNASDAQConsumer Cyclical
$14.28B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $0.42
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $5.54B
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-1.8%
Event window
SPY move
-0.3%
Same window
Abnormal move
-1.4%
Stock minus SPY
Volume
2.1×
Versus trailing sessions
Subsequent drift
-8.6%
Up to 20 sessions
HTHTSPY benchmark
Ask FN2 about HTHT FY2025 Q1
Transcript, numbers and history already loaded
What drove HTHT's -1.8% move after FY2025 Q1 earnings?What changed in HTHT's guidance and outlook in FY2025 Q1?Give me the bull and bear case for HTHT after FY2025 Q1 earnings.
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Transcript intelligence
What changed
Compared with the prior-quarter analysis, the asset-light model and franchised/managed-hotel mix continued to advance, while management maintained guidance. The current analysis also emphasizes overall RevPAR pressure, tariff-related uncertainty, and a more cautious tone.
Guidance delta
Maintained. Management expected 1–5% revenue growth in Q2 and continued its focus on franchising and upper-midscale expansion.
Key takeaways
- Revenue growth was modest while the asset-light model supported cost efficiency.
- Overall RevPAR declined, but leisure demand remained robust and the upper-midscale segment grew strongly.
- Franchise and managed-hotel share increased, while lower SG&A growth indicated cost control.
- The evidence supports continued execution progress, but business-travel weakness and supply pressure remain important tests.
Management priorities
- Continue converting leased hotels to franchised and managed models.
- Accelerate upper-midscale growth, particularly in Tier 1 and Tier 2 cities.
- Expand membership and direct-sales technology while pursuing further cost optimization.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$46.5Current
$32.4Low
$50.56Average
$62.4High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 18, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Benchmark | Buy | Buy | Maintain | Mar 19, 2026 |
| Macquarie | Outperform | Outperform | Maintain | Mar 18, 2026 |
| UBS | Buy | Neutral | Upgrade | Mar 9, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | May 21, 2025 |
| B of A Securities | Buy | Buy | Maintain | Mar 13, 2024 |
| HSBC | Buy | Buy | Maintain | Aug 31, 2022 |
| Credit Suisse | Neutral | Outperform | Downgrade | Dec 8, 2020 |
| Citigroup | Neutral | Buy | Downgrade | Mar 30, 2020 |
| CLSA | Sell | Buy | Downgrade | Feb 5, 2020 |
| Morgan Stanley | Equal Weight | Underweight | Upgrade | Dec 6, 2019 |
| Daiwa Capital | Sell | Underperform | Maintain | Oct 16, 2019 |
| Goldman Sachs | Neutral | Buy | Downgrade | Sep 13, 2019 |
| Bank of America | Buy | Buy | Maintain | Aug 22, 2019 |
| China Renaissance | Hold | Buy | Downgrade | May 6, 2019 |
| Deutsche Bank | Sell | Hold | Downgrade | Jan 22, 2019 |
| Brean Capital | Buy | Buy | Maintain | Aug 17, 2016 |
| TH Capital | Buy | Hold | Upgrade | Nov 9, 2015 |
| Oppenheimer | Outperform | Outperform | Maintain | Mar 8, 2013 |
| China International Capital | Buy | Accumulate | Maintain | Mar 6, 2013 |
Named analyst price targets
Upside is calculated against the persisted current price $46.5. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| UBS | Analyst unavailable | $62.4 | $52.12 | +34.2% | Mar 9, 2026 |
| HSBC | Lina Yan | $32.4 | $32.08 | -30.3% | Feb 4, 2025 |
| Citigroup | Lydia Ling | $54 | $38.06 | +16.1% | Sep 27, 2024 |
| Morgan Stanley | Dan Chee | $56 | $36.31 | +20.4% | May 24, 2024 |
| HSBC | Lina Yan | $53.6 | $39.72 | +15.3% | May 21, 2024 |
| Macquarie | Sunny Chow | $48 | $36.92 | +3.2% | Apr 19, 2024 |
| HSBC | Lina Yan | $51.5 | $37.8 | +10.8% | Mar 22, 2024 |
| HSBC | Lina Yan | $46.9 | $36.21 | +0.9% | Aug 31, 2022 |
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Start freeCompany context
Snapshot as of publicationH World Group Limited, through its various subsidiaries, is actively engaged in the development and management of hotels primarily within the People's Republic of China. Its extensive operations cover a range of models, including leased, owned, manachised, and franchised properties. The company boasts a diverse collection of self-owned hotel brands, among them HanTing Hotel, Ni Hao Hotel, Hi Inn, Elan Hotel, Zleep Hotels, Ibis Hotel, JI Hotel, Orange Hotel, Starway Hotel, Ibis Styles Hotel, CitiGO Hotel, Crystal Orange Hotel, IntercityHotel, Manxin Hotel, Mercure Hotel, Madison Hotel, Novotel Hotel, Joya Hotel, Blossom House, Steigenberger Hotels & Resorts, MAXX by Steigenberger, Jaz in the City, Grand Mercure, Steigenberger Icon, and Song Hotels. As of June 30, 2022, the group oversaw 8,176 hotels, providing a combined total of 773,898 rooms. Originally known as Huazhu Group Limited, the company officially rebranded to H World Group Limited in June 2022. Founded in 2005, its corporate headquarters are situated in Shanghai, People's Republic of China.
Historical context
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2025-05-09T15:38:12.664541+00:00
- Polygon adjusted daily market bars · 2026-10-18T00:20:41.450810+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-18T00:20:41.447950+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-18. For educational purposes only; not investment advice.