---
title: "Understanding the Market | H World-S rose nearly 6% as the industry's RevPAR continues to stabilize, Morgan Stanley expects the company's third-quarter performance to exceed expectations"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/265078760.md"
description: "H World-S rose nearly 6%, as of the time of writing, up 5.75%, reported at HKD 33.1, with a transaction volume of HKD 64.3714 million. In terms of news, Morgan Stanley's recent research report pointed out that the decline in revenue per available room (RevPAR) in the hotel industry for the third quarter has narrowed, mainly driven by better-than-expected performance in September; the positive momentum in September has continued into October and may persist into the fourth quarter. The firm expects H World to outperform expectations in the third quarter, likely demonstrating a positive RevPAR trend and operational leverage benefits. Guosen Securities stated that the decline in RevPAR in the hotel industry for the third quarter has continued to narrow on a quarter-on-quarter basis, focusing on the improving cycle and changes in individual stock operational momentum. In September, following the National Day holiday, the industry RevPAR continued to stabilize under the dominance of business travel, with the management of ShouLve expecting a decline in Q4 to be in the range of 0-3%; looking ahead to next year, the industry's supply growth rate is expected to gradually become rational, and if policies stimulate business travel demand stabilization combined with flexible arrangements for leisure travel holidays, valuations often recover ahead of the industry's cyclical turning point"
datetime: "2025-11-10T06:41:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/265078760.md)
  - [en](https://longbridge.com/en/news/265078760.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/265078760.md)
---

> 支持的语言: [English](https://longbridge.com/en/news/265078760.md) | [繁體中文](https://longbridge.com/zh-HK/news/265078760.md)


# Understanding the Market | H World-S rose nearly 6% as the industry's RevPAR continues to stabilize, Morgan Stanley expects the company's third-quarter performance to exceed expectations

According to the Zhitong Finance APP, H World-S (01179) rose nearly 6%, as of the time of writing, it increased by 5.75%, trading at HKD 33.1, with a transaction volume of HKD 64.3714 million.

On the news front, Morgan Stanley's recent research report pointed out that the decline in revenue per available room (RevPAR) in the hotel industry for the third quarter has narrowed, mainly driven by better-than-expected performance in September; the positive momentum in September has continued into October and may persist into the fourth quarter. The firm expects H World to outperform expectations in the third quarter, likely demonstrating a positive RevPAR trend and operational leverage benefits.

Guosen Securities stated that the decline in RevPAR in the hotel industry for the third quarter has continued to narrow on a quarter-on-quarter basis, focusing on the improving cycle and changes in individual stock operational momentum. In September, following the National Day holiday, the industry RevPAR continued to stabilize under the dominance of business travel, with the management of ShouLü expecting a decline in Q4 to be in the range of 0-3%; looking ahead to next year, the industry's supply growth rate is expected to gradually become rational, and if policies stimulate business travel demand stabilization combined with flexible arrangements for leisure travel holidays, valuations often recover ahead of the industry's cyclical turning point

### 相关股票

- [H World (HTHT.US)](https://longbridge.com/zh-CN/quote/HTHT.US.md)
- [HWORLD-S (01179.HK)](https://longbridge.com/zh-CN/quote/01179.HK.md)

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