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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
H World Group
H World Group (HTHT) investor relations material
H World Group Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary17 Aug, 2026
Executive summary
Achieved strong revenue and profit growth in Q2 2026, with hotel GMV up 13.2% and revenue up 10.8% year-over-year, driven by China business and asset-light expansion.
Expanded hotel network to 13,539 hotels and 1,335,445 rooms as of June 30, 2026, with significant growth in both China and international segments.
Maintained global leadership in economy and midscale hotel segments, with flagship brands HanTing and JI Hotel ranked top worldwide.
Membership program and direct sales remain core competitive advantages, with member bookings and base growing steadily.
Advanced social responsibility initiatives, including employment, energy saving, and public welfare programs.
Financial highlights
Q2 2026 group revenue rose 10.8% year-over-year to RMB7.1 billion, with China revenue up 14.9% and international revenue down 5.8%.
Adjusted EBITDA grew 20% year-over-year to RMB2.7 billion, with margin up to 38.3%.
Adjusted net income rose 26.9% year-over-year to RMB1.7 billion; net income attributable to shareholders was RMB1.6 billion.
Managed and franchise (M&F) revenue up 25.2% year-over-year to RMB3.6 billion; M&F gross operating profit up 18.5%.
Operating margin improved to 31.1% from 27.8% year-over-year.
Outlook and guidance
Full-year 2026 revenue growth guidance raised to 4%-8%, with HWC segment expected to grow 7%-11% and M&F revenue 16%-20%.
Maintains full-year RevPAR outlook and hotel opening guidance, focusing on high-quality growth.
Expects continued EBITDA margin expansion as asset-light strategy progresses.
International business aims for positive profit for the full year, despite Middle East challenges.
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Latest events from H World Group
- Global hospitality leader with 13,200+ hotels, tech-driven growth, and rising profitability.HTHT
Corporate presentation - Revenue up 11.1% and adjusted EBITDA up 24.2% in Q1 2026, with strong network expansion.HTHTQ1 2026
- 2025 saw robust revenue and profit growth, with continued asset-light expansion and strong cash flow.HTHTQ4 2025
- Q3 2025 revenue and profit surged on asset-light expansion, record membership, and M&F growth.HTHTQ3 2025
- Revenue up 4.5%, net income up 44.7%, and asset-light growth drives strong Q3 outlook.HTHTQ2 2025
- Q3 revenue up 2.4% year-over-year; Q4 revenue growth guided at 1%-5%.HTHTQ3 2024
- Q2 revenue up 11.2% YoY, adjusted EBITDA up 15%, and new US$2B shareholder return plan.HTHTQ2 2024
- Q1 2025 revenue up 2.2% and net income up 35.7% on robust asset-light and franchise growth.HTHTQ1 2025
- Record expansion and asset-light strategy fueled 9.2% revenue growth and strong shareholder returns.HTHTQ4 2024
Next H World Group earnings date
Q3 202616 Nov, 2026
H World Group
Next H World Group earnings date
Q3 202616 Nov, 2026
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Frequently asked questions
H World Group Limited is a company active in the global hospitality industry. With a focus on a diverse range of market segments including economy, upper midscale, upscale, and midscale hotel offerings, the company operates a significant portfolio encompassing leased and owned hotels, franchised hotels, and manachised hotels primarily within China. Its suite of hotel brands includes Joya Hotel, Manxin Hotels, Starway Hotel, Hi Inn, Crystal Orange Hotel, Orange Hotel, Blossom House, Madison Hotel brands, and Ni Hao Hotel. Furthermore, H World Group holds the position of master franchisee for the Ibis, Mercure, and Ibis Styles brands in the Pan-China region, alongside co-development rights for Novotel and Grand Mercure, underlining its expansive operational footprint. The company is headquartered in Shanghai, China, and its shares are listed on the Nasdaq.