H World Group Reports Strong Second-Quarter 2026 Performance and Announces New Shareholder Return Plan

H World Group (NASDAQ: HTHT; HKEX: 1179) reported strong unaudited results for Q2 2026, highlighting growth in its asset-light model and shareholder returns.

Rhea-AI Summary

H World Group (NASDAQ: HTHT; HKEX: 1179) reported strong unaudited results for Q2 2026, highlighting growth in its asset-light model and shareholder returns. As of June 30, 2026, the Group operated 13,539 hotels with 1,335,445 rooms and a pipeline of 3,089 hotels.

Q2 hotel GMV reached RMB 30.5 billion, up 13.2% year-on-year. Revenue increased 10.8% year-on-year to RMB 7.1 billion, while total adjusted EBITDA rose 20.0% year-on-year to RMB 2.7 billion. Manachised and franchised revenue grew 25.2% year-on-year to RMB 3.6 billion, and gross operating profit from this segment increased 18.5% to RMB 2.2 billion, reflecting progress in its asset-light strategy.

In China, blended ADR rose 2.6% year-on-year, supporting a 1.1% increase in blended RevPAR. The network expanded with 498 newly opened hotels across China in the quarter. H World completed ahead of schedule its US$2 billion shareholder return plan launched in 2024 and approved a new US$2.5 billion, three-year shareholder return plan, effective from August 17, 2026, through dividends and share repurchases. For full-year 2026, the company raised its revenue growth guidance to 4%–8%.

Positive

• Revenue +10.8% YoY to RMB 7.1 billion in Q2 2026
• Adjusted EBITDA +20.0% YoY to RMB 2.7 billion
• Hotel GMV +13.2% YoY to RMB 30.5 billion
• M&F revenue +25.2% YoY to RMB 3.6 billion
• M&F gross operating profit +18.5% YoY to RMB 2.2 billion
• 498 new hotels opened in China during the quarter
• Completed US$2 billion shareholder return plan ahead of schedule
• Announced new US$2.5 billion three-year shareholder return plan
• Raised full-year 2026 revenue growth guidance to 4%–8%

Negative

• None.

Argus Aug 17 session 30 alerts

+11.29% close to close 214.4x rel. volume Open Argus

Details

News Market Reaction – HTHT

+7.0% Peak in 9 hr 48 min

$14.37B Market Cap

On Aug 17, the day this news came out, HTHT closed 11.29% above the previous close. Argus tracked a peak move of +7.0% during that session. Our momentum scanner recorded 30 alerts for this stock that day. Relative volume reached 214.4x the daily average during tracking.

Data tracked by StockTitan Argus for the Aug 17 session.

Key Figures

Revenue: RMB7.1 billion Adjusted EBITDA: RMB2.7 billion M&F revenue: RMB3.6 billion +5 more

Revenue

RMB7.1 billion

Q2 2026, up 10.8% year-over-year

Adjusted EBITDA

RMB2.7 billion

Q2 2026, up 20.0% year-over-year

M&F revenue

RMB3.6 billion

Q2 2026, up 25.2% year-over-year

Hotel GMV

RMB30.5 billion

Q2 2026, up 13.2% year-over-year

Blended RevPAR

1.1% increase

H World China, year-over-year

New hotels

498 hotels

Opened across China during Q2 2026

Shareholder return plan

US$2.5 billion

Three-year plan effective August 17, 2026

Revenue guidance

4%-8% growth

Full-year 2026, raised guidance

Historical Context

5 past events · Latest: Aug 05

5 events

1. Aug 05

   Earnings release scheduling

   24h Move

   +0.1%

   Results release scheduling notice set the second-quarter reporting date and conference-call timing.

2. Jul 28

   Director appointment

   24h Move

   +2.4%

   Independent director appointment added capital-markets and operations experience to the board.

3. Jun 26

   Annual meeting results

   24h Move

   +2.4%

   Annual meeting resolutions, auditor ratification, and director elections were approved by shareholders.

4. May 15

   Q1 operating update

   24h Move

   +1.4%

   First-quarter results showed asset-light growth, higher EBITDA, and network expansion.

5. May 15

   Q1 earnings report

   24h Move

   +1.4%

   First-quarter unaudited results reported revenue, turnover, margin, and EBITDA growth.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

revpar, adr, adjusted ebitda

3 terms

revpar financial

"Our blended H World China ADR rose 2.6% year-on-year, fueling a 1.1% year-over-year lift in blended RevPAR."

RevPAR, or revenue per available room, is a measure used in the hotel industry to show how much money a hotel earns from each of its rooms over a certain period. It helps investors understand how well a hotel is performing financially, similar to how a store's sales per square foot reveal its profitability. Higher RevPAR indicates better use of resources and stronger financial health.

adr financial

"Our blended H World China ADR rose 2.6% year-on-year"

An American Depositary Receipt (ADR) is a financial certificate that lets investors buy shares of a foreign company through U.S. stock markets, similar to buying a local wrapper that represents the underlying foreign shares. ADRs matter because they make investing in overseas companies easier and more liquid by trading in U.S. dollars and under U.S. market rules, while still carrying currency, regulatory, and country-specific risks that can affect share value.

View in glossary

adjusted ebitda financial

"Total adjusted EBITDA increased 20.0% year-on-year to RMB 2.7 billion."

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

SINGAPORE and SHANGHAI, Aug. 17, 2026 /PRNewswire/ -- H World Group Limited ("H World" or the "Group") (NASDAQ: HTHT; HKEX: 1179), one of the world's leading hotel groups, today announced its unaudited financial results for the second quarter of 2026, delivering strong profitability, continued improvement in its asset-light business and another quarter of solid execution.

As of June 30, 2026, the Group operated 13,539 hotels or 1,335,445 hotel rooms, with a pipeline of 3,089 hotels.

For the quarter, hotel GMV reached RMB 30.5 billion, representing an increase of 13.2% year-on-year. 

Jin Hui, CEO of H World commented: "During the second quarter, we delivered another quarter of RevPAR expansion. Our blended H World China ADR rose 2.6% year-on-year, fueling a 1.1% year-over-year lift in blended RevPAR. This performance was underpinned by ongoing product upgrades and a suite of revenue-management optimization initiatives. Meanwhile, our hotel network kept expanding at a solid pace, with 498 newly-opened hotels across China; and the number of hotels in our pipeline grew both year-over-year and quarter-over quarter. We remain firmly on track to hit our full‐ year gross opening guidance of 2,200 ‐ 2,300 hotels."

Strong Financial Performance

H World delivered a strong financial performance during the second quarter, with revenue increasing 10.8% year-over-year to RMB7.1 billion. Total adjusted EBITDA increased 20.0% year-on-year to RMB 2.7 billion.

Manachised and franchised ("M&F") revenue increased 25.2% year-over-year to RMB3.6 billion over the same period last year. Gross operating profit from the M&F business increased 18.5% to RMB 2.2 billion, reflecting continued progress of the Group's asset-light operating strategy.

Accelerating Shareholder Returns

The Group has completed ahead of schedule the US$2 billion shareholder return plan announced in 2024, underscoring the strength of its cash generation and balance sheet.

Building on this progress, the Board has approved a new three-year shareholder return plan with an aggregate amount of US$ 2.5 billion effective from August 17, 2026, through cash dividends and share repurchases.

Looking ahead, H World will remain focused on delivering 'brand-led' high-quality hotel network expansion, backed by its H Rewards membership program, technology development, and further driving operational efficiency.

For the full-year of 2026, H World raised its guidance of revenue growth to the range of 4%-8%.

For the full release please visit: 

https://ir.hworld.com/news-releases/news-release-details/h-world-group-limited-reports-second-quarter-and-interim-2026 

About H World Group Limited

Originated in China, H World Group Limited (NASDAQ: HTHT; HKEX: 01179) is a key player in the global hotel industry. Over the past 20 years, H World has developed into a leading hospitality group with a presence across diverse market segments, from economy to upper-midscale and lifestyle hotels. H World's brands include HanTing Hotel, JI Hotel, Orange Hotel, Steigenberger Hotels & Resorts, MAXX, Jaz in the City, IntercityHotel, Zleep Hotels and Steigenberger Icons. In addition, H World holds the rights as master franchisee for Mercure, Ibis and Ibis Styles, and co-development rights for Grand Mercure and Novotel in the pan-China region.

For more information, please visit H World's website: https://ir.hworld.com 

H World undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law.

For media inquiry, please contact:
media@hworld.com 

View original content to download multimedia:https://www.prnewswire.com/news-releases/h-world-group-reports-strong-second-quarter-2026-performance-and-announces-new-shareholder-return-plan-302852869.html

SOURCE H World Group

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How did H World Group (HTHT) perform financially in Q2 2026?

H World Group reported Q2 2026 revenue of RMB 7.1 billion, up 10.8% year-on-year. According to the company, total adjusted EBITDA reached RMB 2.7 billion, a 20.0% year-on-year increase, supported by rising hotel GMV and growth in its manachised and franchised segment.

What were the key hotel operating metrics for H World Group (HTHT) in Q2 2026?

H World’s hotel GMV reached RMB 30.5 billion in Q2 2026, up 13.2% year-on-year. According to the company, blended China ADR rose 2.6% year-on-year and blended RevPAR increased 1.1%, while the Group opened 498 new hotels across China during the quarter.

How large is H World Group’s hotel network as of June 30, 2026?

As of June 30, 2026, H World operated 13,539 hotels with 1,335,445 rooms. According to the company, it also had a pipeline of 3,089 hotels, and management stated it remains on track to reach full-year 2026 gross opening guidance of 2,200–2,300 hotels.

What is H World Group’s new shareholder return plan announced in August 2026?

H World’s board approved a new US$2.5 billion three-year shareholder return plan effective August 17, 2026. According to the company, returns will be delivered through cash dividends and share repurchases, following early completion of its prior US$2 billion shareholder return program announced in 2024.

Did H World Group (HTHT) change its 2026 revenue guidance with the Q2 2026 results?

Yes. For full-year 2026, H World raised its revenue growth guidance to 4%–8%. According to the company, the updated outlook reflects confidence in its brand-led expansion strategy, supported by its H Rewards membership program, technology initiatives, and operational efficiency efforts.

How is H World Group’s asset-light manachised and franchised business performing in Q2 2026?

H World’s manachised and franchised revenue grew 25.2% year-on-year to RMB 3.6 billion in Q2 2026. According to the company, gross operating profit from this segment increased 18.5% to RMB 2.2 billion, demonstrating continued progress in its asset-light operating strategy.

What does H World Group’s completed US$2 billion shareholder return mean for HTHT investors?

H World completed its US$2 billion shareholder return plan ahead of schedule, signaling strong cash generation. According to the company, this was followed by approval of a new US$2.5 billion three-year return plan, potentially supporting ongoing dividends and share repurchases for HTHT shareholders.