H World Group Limited reported that its second quarter net income attributable to H World was RMB 1.1 billion, compared with RMB 1.0 billion in the second quarter of 2023. Earnings per ADS was RMB 3.32 compared to RMB 3.11. Adjusted EBITDA was RMB 2.0 billion compared with RMB 1.8 billion.
Second quarter revenue increased 11.2% year-over-year to RMB 6.1 billion. Hotel turnover increased 15.5% year-over-year to RMB 23.4 billion.
For the third quarter, H World expects revenue growth to be in the range of 2%-5% compared to the third quarter of 2023, or in the range of 1%-4% excluding DH.
The company revised up hotel opening guidance for the full year of 2024, expecting to open over 2,200 hotels, up from previous guidance of around 1,800 hotels.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.
For comments and feedback contact: editorial@rttnews.com
Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.