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华住H World Group Limited (HTHT) 2025年第二季度财务业绩投资者会议演示材料「NASDAQ」(英文版)(29页).pdf

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1、H WorldAugust 20,2025(NASDAQ:HTHT and HKEX:1179)H World Group LimitedSecond Quarter of 2025 Earnings CallH World2Disclaimer?This presentation has been prepared by H World Group Limited(the“H World”)solely for informational purposes and should not be construed to be,directly or indirectly,in whole or

2、 in part,an offer to buy or sell and/or an invitation and/or a recommendation and/or a solicitation of an offer to buy or sell any security or instrument or to participate in any investment or trading strategy,nor shall any part of it form the basis of,or be relied on in connection with,any contract

3、 or investment decision in relation to any securities or otherwise.No representations,warranties or undertakings,express or implied,are made by H World or any of its affiliates,advisers or representatives as to,and no reliance should be placed upon,the accuracy,fairness,completeness or correctness o

4、f the information or opinions presented or contained in this presentation.None of H World nor any of its affiliates,advisers,or representatives accept any responsibility whatsoever(in negligence or otherwise)for any loss howsoever arising from any information presented or contained in this presentat

5、ion or otherwise arising in connection with the presentation.This presentation does not contain all relevant information relating to H World or its securities,particularly with respect to the risks and special considerations involved with an investment in the securities of H World.You acknowledge th

6、at any assessment of H World that may be made by you will be independent of this document and that you will be solely responsible for your own assessment of the market and the market position of H World and that you will conduct your own analysis and be solely responsible for forming your own view o

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根据H World Group Limited 2025年第二季度财报,以下为关键点: 1. 总收入64.4亿人民币,同比增长4.5%。 2. 酒店GMV 269亿人民币,同比增长22.8%。 3. 酒店客房数118.5万间,同比增长18.3%。 4. 酒店收益率RevPAR,Legacy-Huazhu下降3.8%,Legacy-DH增长8.1%。 5. M&F业务收入增长23.2%,毛利率65.9%。 6. L&O业务收入下降13.4%,毛利率26.5%。 7. 会员数达2.88亿,同比增长17.5%。 8. 调整后EBITDA 23亿人民币,同比增长11.3%。 9. 调整后每股收益0.42人民币,同比增长9.5%。
业绩增长背后的秘密?" "H World会员突破2.88亿,增长动力何在?" 未来酒店业新风向?"
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