H World Group Reports Robust Q2 Results, Driven by Asset-light Strategy
1. HTHT reports 22.8% rise in asset-light revenue year-on-year. 2. Hotel turnover increased 15% to RMB 26.9 billion for Q2 2025. 3. Adjusted EBITDA rose 11.3% y-o-y to RMB 2.3 billion. 4. H World opened 595 hotels, on track to meet 2,300 target. 5. Customer loyalty surged, with 288 million members and 65.1% direct bookings.