H World’s Q3 Rockets with 749 New Hotels and 15% Profit Jump

H World Group has revealed strong financial results for the third quarter of 2025, underscoring continued momentum across its hotel portfolio.

Revenue increased 8.1 percent year over year to RMB 7.0 billion ($984 million), driven primarily by solid performance in its management and franchising (M&F) segment, which generated RMB 3.3 billion ($464 million) in revenue, representing a substantial 27.2 percent year-over-year increase.

Net income rose to RMB 1.5 billion ($211 million), marking a 15.4 percent jump compared to Q3 2024.

Adjusted EBITDA reached RMB 2.5 billion ($352 million), up from RMB 2.1 billion ($295 million) in the same quarter last year.

Earnings per share (EPS) came in at $0.67, exceeding market expectations of $0.64 and surpassing the $0.61 reported in Q3 2024.

This successful performance reflects H World’s asset-light strategy, which emphasizes rapid expansion of franchised hotels to improve margins and scale with lower capital requirements.

Operating margin improved to 29.4 percent, up from 26.7 percent in Q3 2024.

The company opened 749 new hotels during the quarter and has already exceeded 2,000 openings. It remains on track to achieve its target of 2,300 total openings in 2025.

H Rewards, the group’s loyalty program, has surpassed 300 million members who contributed 66 million room nights during the quarter, representing a 19.7 percent year-over-year increase, which highlights strong customer engagement and brand affinity.

Looking ahead to Q4 2025, H World expects revenue growth in the range of 2–6 percent.

For broader hospitality performance trends during the third quarter, refer to reports from Hyatt, Scandic Hotels, IHG, Choice Hotels, Marriott, Hilton, and Wyndham.

Photo by Jerry Wang on Unsplash