Analyst Consensus ?
ConsensusHold19 ratings
Bullish1157.9%
Neutral526.3%
Bearish315.8%
H World Group Limited · HTHT · FY2025 Q2 · Calendar Q3 2025
H World expands asset-light profit engine as RevPAR outlook softens
H World is strengthening its asset-light profit engine and expanding its hotel network, but the near-term growth case is tempered by softer RevPAR expectations, oversupply, and execution risks from rapid openings and European operations.
Reported Before market openNASDAQConsumer Cyclical
$13.56B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.59
Consensus $0.56
EPS surprise
+5.4%
Reported versus consensus
Reported revenue
$896.1M
Consensus $879.1M
Revenue surprise
+1.9%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+5.4%
Event window
SPY move
-0.3%
Same window
Abnormal move
+5.7%
Stock minus SPY
Volume
2.6×
Versus trailing sessions
Subsequent drift
+8.3%
Up to 20 sessions
HTHTSPY benchmark
Ask FN2 about HTHT FY2025 Q2
Transcript, numbers and history already loaded
Why did HTHT rise 5.4% after beating EPS estimates in FY2025 Q2?What changed in HTHT's guidance and outlook in FY2025 Q2?Give me the bull and bear case for HTHT after FY2025 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior quarter, management reported faster room and hotel GMV growth, a larger asset-light contribution to gross operating profit, and a more explicit warning that macro conditions and oversupply could keep RevPAR below earlier expectations. Brand upgrades and supply-chain reforms were added as operational responses.
Guidance delta
Management maintained guidance, while indicating Q3 RevPAR may decline slightly and full-year RevPAR may fall below prior expectations.
Key takeaways
- Room inventory increased 18.3% year over year and hotel GMV rose 15%, supported by lower-tier city expansion.
- The franchised and managed asset-light segment contributed 64% of total gross operating profit, up 7.5 percentage points year over year.
- Management cited macro headwinds and oversupply as reasons for a slightly lower Q3 RevPAR outlook and a full-year outlook below prior expectations.
- HanTing 4.0, Orange 3.0, and JI 5.0 upgrades are intended to address cannibalisation from new openings.
- Supply-chain enhancements reduced costs by 10% to 20% and shortened build timelines.
Management priorities
- Roll out HanTing 4.0 across new properties
- Continue upgrading Orange and JI brands
- Expand H Rewards benefits and explore cross-industry partnerships
- Strengthen supply-chain modularization to cut costs
- Pursue a mid-term goal of 20,000 hotels in 2,000 cities
Follow HTHT with an agent that reads every filing, transcript, and price print. Free to start.
Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$44.16Current
$32.4Low
$50.56Average
$62.4High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 11, 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 $44.16. 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 | +41.3% | Mar 9, 2026 |
| HSBC | Lina Yan | $32.4 | $32.08 | -26.6% | Feb 4, 2025 |
| Citigroup | Lydia Ling | $54 | $38.06 | +22.3% | Sep 27, 2024 |
| Morgan Stanley | Dan Chee | $56 | $36.31 | +26.8% | May 24, 2024 |
| HSBC | Lina Yan | $53.6 | $39.72 | +21.4% | May 21, 2024 |
| Macquarie | Sunny Chow | $48 | $36.92 | +8.7% | Apr 19, 2024 |
| HSBC | Lina Yan | $51.5 | $37.8 | +16.6% | Mar 22, 2024 |
| HSBC | Lina Yan | $46.9 | $36.21 | +6.2% | Aug 31, 2022 |
Track every rating change on HTHT the moment it posts. Free to start.
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
All HTHT earningsConsumer Cyclical peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| NKE NIKE, Inc. | FY2027 Q1 · Calendar Q4 2026 | +10.0% | -0.7% | Nike’s performance categories grow as resets weigh on FY27 outlook |
| CCL Carnival Corporation & plc | FY2026 Q3 · Calendar Q3 2026 | +5.9% | +13.4% | Carnival posts record Q3 as demand and efficiency offset fuel costs |
| DRI Darden Restaurants, Inc. | FY2027 Q1 · Calendar Q3 2026 | 0.0% | -3.0% | Darden reaffirms FY2027 outlook as brands deliver mixed comp growth |
| AZO AutoZone, Inc. | FY2026 Q4 · Calendar Q3 2026 | +3.6% | +3.3% | AutoZone pairs commercial momentum with an aggressive FY2027 expansion plan |
| LEN-B Lennar Corporation | FY2026 Q3 · Calendar Q3 2026 | — | — | Lennar: Efficiency Gains Offset Housing-Market Pressures |
| LEN Lennar Corporation | FY2026 Q3 · Calendar Q3 2026 | — | -4.1% | Lennar Holds Volume Guidance as Margins Improve Despite Housing Headwinds |
Latest beats and misses
Who reports nextBeat on EPS
Get the HTHT recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-10-11T11:10:44.772383+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-11T11:10:44.769502+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 2026-10-11. For educational purposes only; not investment advice.