H World Group (ADR) (HTHT)
Runs hotel brands through a franchise-heavy platform centered on China and international expansion.
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Operates economy-to-luxury hotel brands, primarily in China, with an international arm built around Deutsche Hospitality. Revenue comes from franchise and manachise fees as well as leased and owned hotels, supported by H Rewards, direct reservations and proprietary operating technology.
Runs an economy-to-luxury hotel portfolio led by HanTing, JI, Orange and Crystal Orange in China, alongside Steigenberger, IntercityHotel and Zleep Hotels in international markets. Properties operate through leased and owned, manachised, and franchised models.
Combines brand standards with H Rewards, reservations, revenue management, procurement and proprietary hotel technology. Franchise-heavy expansion lets partners supply much of the property base while the platform supports distribution, training and operating consistency.
Most of the network is tied to China, with Deutsche Hospitality providing the international arm. Operations depend on franchise and manachise partners, Chinese travel demand, direct-member distribution, data security, the acquired international business and compliance with PRC and cross-border regulation.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Mar 9, 2026 | UBS | Upgrade | Target: — | Target: $62.40 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $2.35B · Total debt $5.12B · Total assets $9.52B · Shareholders' equity $2.11B
- Revenue
- $1.06B
- Operating income
- $331.6M
- Net income
- $235.8M
Reported in CNY, converted at the latest exchange rate
HistoryDividendAnnual yield
| Institutions | 50.93% | 156.44M ADS | |
|---|---|---|---|
| 265 holders · as of Jun 30, 2026 | |||
| Insiders | 23.99% | 73.68M ADS | |
| 8 holders · as of Sep 2, 2026 | |||
| Other | 25.08% | 77.03M ADS | |
| remainder | |||
307.15M ADS (1 ADS = 10 ordinary shares) as of Sep 6, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
The share count is from the company's Dec 2022 annual report; nothing newer is on file here.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Qi JiInsiderdirector | 23.64% | 718.01M ordinary · 806,270 ADS | filed Jun 1, 2026 |
Schroder Investment Management GroupInstitution | 4.86% | 14.94M ADS | as of Jun 30, 2026 |
Capital International InvestorsInstitution | 4.06% | 12.47M ADS | as of Jun 30, 2026 |
JPMorgan Chase & CoInstitution | 3.98% | 12.21M ADS | as of Jun 30, 2026 |
Invesco Ltd.Institution | 3.31% | 10.16M ADS | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Mar 20, 2026 | Theng Fong Hee | director | −31,640 | $50.96 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| H World Group (ADR) | $43.41 | −0.56% | $13.41B | 18.7 | 21.3 | 3.4 | +17.0% |
| Atour Lifestyle (ADR) | $33.36 | +0.86% | $4.57B | 15.7 | 18.4 | 2.6 | +49.2% |
| Marriott International | $345.65 | +0.87% | $89.35B | 35.8 | 28.2 | 3.3 | +4.9% |
| Hilton | $310.56 | +1.13% | $69.11B | 45.1 | 32.4 | 5.5 | +6.5% |
| InterContinental Hotels Group (ADR) | $155.97 | +0.89% | $22.84B | 33.0 | — | 4.3 | +4.7% |
| Median | 34.4 | 28.2 | 3.8 | +5.7% |