Although domestic travel demand remained resilient, excess hotel supply put pressure on RevPAR, according to HSBC Global Research's research report. HWORLD-S (01179.HK) 0.000 (0.000%) Short selling $5.80M; Ratio 12.254% (HTHT.US) 's 1Q25 Legacy-Huazhu segment (Huazhu and its subsidiaries, excluding Deutsche Hospitality) saw a 3.9% YoY decline in RevPAR, missing the full-year target. HSBC Global Research believed that, although the increased contribution from managed and franchised brands reduced the Group's earnings sensitivity to RevPAR, the impact remains. The broker lowered its full-year adjusted EBITDA forecast by 4% to RMB7.521 billion, and reduced its net profit forecast by 3% to RMB4.37 billion. Therefore, HSBC Global Research cut its target prices for HWORLD-S' H-shares/ US stock from $27.38/ US$35.1 to $26.83/ US$34.4, with rating kept at Hold. (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-06 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)