Added to YB: 2025-12-13
Pitch date: 2025-12-11
HTHT [neutral]
H World Group Limited
-2.86%
current return
Author Info
Theoria Research shares in-depth and rigorous equity research for investors interested in Chinese markets. Sign up for the newsletter.
Company Info
H World Group Limited develops and operates leased and owned, manachised, and franchised hotels in the People’s Republic of China.
Market Cap
$88.0B
Pitch Price
$35.91
Price Target
N/A
Dividend
4.95%
EV/EBITDA
8.20
P/E
18.26
EV/Sales
4.02
Sector
Hotels, Restaurants and Leisure
Category
growth
H World Revisited
HTHT (hold): China hotel chain with 47-60% RevPAR premium over competitors, 75% direct bookings via 300M loyalty members. Bull case: 6x growth potential as chain penetration rises from 43% to 70% US levels + market share gains. Bear case: RevPAR decline from oversupply. Model shows 10-14% room CAGR, 2-5% RevPAR growth. Hold at $47.
Read full article (11 min)