H World Group Ltd (HTHT) Form 6-K — May 15, 2026
H World Group reported Q1 2026 revenue of US$870 million, an 11.1% year-over-year increase, driven by a 20.3% surge in manachised and franchised revenue and continued network expansion in China. The company’s asset-light strategy yielded a 24.8% operating margin, up from 20.1% in the prior year, with HWC segment revenue growing 12.4% YoY. Net income attributable to H World declined 8.6% year-over-year to US$118 million, impacted by higher income tax expenses and foreign exchange losses, though Adjusted EBITDA rose 26.7% YoY to US$269 million. The company ended the quarter with US$1.8 billion in cash and US$897 million in total debt, maintaining a net cash position of US$915 million.
Key figures
- Eps
- 0.04
- Revenue
- 870000000
- Net Income
- 118000000
- Total Debt
- 897000000
- Revenue Yoy
- 11.1%
- Cash Position
- 1812000000
- Adr Hwc
- 285
- Adr Hwi
- 127
- Ebitda
- 232000000
- Net Cash
- 915000000
- Revpar Hwc
- 214
- Revpar Hwi
- 80
- Hw IRevenue
- 972000000
- Hwc Revenue
- 5000000000
- Mfr Revenue
- 436000000
- Occupancy Hwc
- 75.1%
- Occupancy Hwi
- 63.3%
- Hotel Turnover
- 26400000000
- Hw IRevenue Yoy
- 5.1%
- Hwc Revenue Yoy
- 12.4%
- Mfr Revenue Yoy
- 20.3%
- Adjusted Ebitda
- 269000000
- Operating Margin
- 24.8%
- Hotel Turnover Yoy
- 17.4%
- Rooms In Operation
- 1303563
- Hotels In Operation
- 13215
AI analysis
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