H World (HTHT) Research & Development (2009 - 2026)
H World's (HTHT) quarterly Research & Development came in at -$50.0 million in Q2 2026, down 16.28% year-over-year from -$59.7 million in Q2 2025, and down 21.95% quarter-over-quarter from -$41.0 million in Q1 2026.
Analysis
H World (HTHT) Research & Development (2009 - 2026) Analysis & Trends
H World (HTHT) has reported Research & Development for 18 consecutive years, with -$50.0 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Research & Development fell 16.28% year-over-year to -$50.0 million in Q2 2026; TTM through Jun 2026 was -$193.0 million, a 21.38% decrease from a year earlier, with the FY2025 full-year figure at $182.0 million, up 13.04% from the prior year.
- Research & Development was -$50.0 million for Q2 2026 at H World, down from -$41.0 million in the prior quarter.
- Over five years, Research & Development peaked at -$20.0 million in Q1 2022 and troughed at -$54.0 million in Q4 2025.
- A 5-year average of -$37.4 million and a median of -$40.0 million in 2023 frame the typical range for Research & Development.
- Across the five-year window, Research & Development rose 16.0% in 2022 and tumbled 84.0% in 2023, its largest moves.
- Over 5 years, Research & Development stood at -$25.0 million in 2022, then tumbled by 84.0% to -$46.0 million in 2023, then advanced by 13.04% to -$40.0 million in 2024, then plunged by 35.0% to -$54.0 million in 2025, then grew by 7.41% to -$50.0 million in 2026.
- The last three Research & Development figures came in at -$50.0 million (Q2 2026), -$41.0 million (Q1 2026), and -$54.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 87.75 Bn | 87.29 Bn | 1.97 Bn | - |
| 2 | Hilton Worldwide Holdings | 70.18 Bn | 69.20 Bn | 3.08 Bn | - |
| 3 | Hyatt Hotels | 15.65 Bn | 15.36 Bn | 809.00 Mn | - |
| 4 | H World | 14.06 Bn | 11.97 Bn | 453.94 Mn | -50.00 Mn |
| 5 | Atour Lifestyle Holdings | 8.60 Bn | 7.76 Bn | 511.83 Mn | -89.31 Mn |
| 6 | Wyndham Hotels & Resorts | 5.33 Bn | 5.26 Bn | 349.00 Mn | - |
| 7 | Choice Hotels International | 4.55 Bn | 4.50 Bn | 243.10 Mn | - |
| 8 | Hotel101 Global Holdings | 1.22 Bn | 1.20 Bn | - | - |
| 9 | Studio City International Holdings | 329.33 Mn | 206.54 Mn | 144.08 Mn | - |
| 10 | GreenTree Hospitality | 113.35 Mn | 117.86 Mn | 34.50 Mn | -1.50 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -50.00 Mn |
| Mar 31, 2026 | -41.00 Mn |
| Dec 31, 2025 | -54.00 Mn |
| Sep 30, 2025 | -48.00 Mn |
| Jun 30, 2025 | -43.00 Mn |
| Mar 31, 2025 | -33.00 Mn |
| Dec 31, 2024 | -40.00 Mn |
| Sep 30, 2024 | -43.00 Mn |
| Jun 30, 2024 | -44.00 Mn |
| Mar 31, 2024 | -36.00 Mn |
| Dec 31, 2023 | -46.00 Mn |
| Sep 30, 2023 | -40.00 Mn |
| Jun 30, 2023 | -36.00 Mn |
| Mar 31, 2023 | -28.00 Mn |
| Dec 31, 2022 | -25.00 Mn |
| Sep 30, 2022 | -26.00 Mn |
| Jun 30, 2022 | -21.00 Mn |
| Mar 31, 2022 | -20.00 Mn |
| Dec 31, 2021 | -29.00 Mn |
| Sep 30, 2021 | -29.22 Mn |