H World Group stock reports 10.8 percent Q2 revenue growth

H World Group stock posted RMB 2.7 billion in adjusted EBITDA in Q2 2026. Hotel GMV reached RMB 30.5 billion, up 13.2 percent year over year.

H World Group (ISIN unavailable in the input) reported RMB 7.1 billion in second-quarter revenue, up 10.8 percent from a year earlier. The results dated June 30, 2026 show that the hotel operator is growing faster in its asset-light businesses than in its leased portfolio.

Asset light revenue leads growth

According to Yahoo Finance, adjusted EBITDA rose 20.0 percent year over year to RMB 2.7 billion in the second quarter. That increase exceeded revenue growth by 9.2 percentage points, pointing to operating leverage as managed and franchised hotels take a larger role.

Manachised and franchised revenue increased 25.2 percent to RMB 3.6 billion, while gross operating profit from those operations rose 18.5 percent to RMB 2.2 billion. The contrast with group revenue growth makes the business mix the key operating signal for the quarter.

Hotel network expands further

H World operated 13,539 hotels as of June 30, 2026, with 498 hotels opened across China during the quarter. Hotel GMV reached RMB 30.5 billion, an increase of 13.2 percent year over year, while the company continued to expand in lower-tier cities and regional markets.

The company also reported a 12.7 percent year-over-year increase in rooms in operation. China revenue grew 14.9 percent to RMB 5.9 billion, whereas international revenue declined 5.8 percent to RMB 1.3 billion, according to the Q2 earnings information published by Yahoo Finance.

Cash flow supports shareholder returns

For the six months ended June 30, 2026, H World generated RMB 3.641 billion in operating cash flow, compared with RMB 3.239 billion a year earlier. The company also completed a RMB 3.350 billion bond offering in September 2026, according to its SEC filing published by Stock Titan.

H World Group market value

H World Group had a market capitalization of USD 13,139,970,603 on September 23, 2026. Its Nasdaq-listed ADR traded at USD 42.78 on September 23, 2026, down 1.27 percent from the prior session, while the company also maintains an HKEX listing under ticker 1179.

H World Group stock facts

• Company: H World Group Limited
• Ticker: HTHT on Nasdaq, 1179 on HKEX
• Trading venue: Nasdaq ADR and HKEX
• Market capitalization: USD 13,139,970,603 as of September 23, 2026
• Sector / Industry: Consumer Discretionary / Hotels, Restaurants and Leisure