Sign in

You're signed outSign in or to get full access.

Ronald Learn

Director and Senior Equity Research Analyst at Bank of America

Ronald Learn is a Director and Senior Equity Research Analyst at Bank of America, specializing in U.S. regional banks and financial institutions. He covers a range of listed banking companies including KeyCorp, Fifth Third Bancorp, Regions Financial, and Huntington Bancshares, and is recognized for the accuracy of his earnings forecasts and actionable investment calls. With over 15 years in financial services, Learn began his analyst career at Wells Fargo Securities before joining Bank of America in 2017. He holds FINRA licenses including the Series 7, 63, 86, and 87, and is regarded as a trusted industry voice due to his consistent top-quartile performance on industry platforms.

Ronald Learn's questions to H World Group (HTHT) leadership

Question · Q3 2025

Ronald Learn of Bank of America asked about H World's outlook on cost control and margins, given recent improvements. He also requested an update on strategies to further enhance membership loyalty and marketing efforts, following the growth of the membership program to over 300 million.

Answer

Jin Hui (CEO) outlined membership strategies, including a new price guarantee program, diversifying to leisure and emergent demands (sports, inbound), enhancing corporate client services, and exploring cross-industry partnerships to boost engagement. Chen Hui (CFO) attributed EBITDA margin improvement to the asset-light strategy, strong supply chain for operating cost reduction, rental reductions for leased hotels, and optimized SG&A, with marketing investments based on ROI, indicating continued margin expansion is expected.

Ask follow-up questions

Fintool

Fintool can predict H World Group logo HTHT's earnings beat/miss a week before the call

Question · Q3 2025

Ronald Learn asked two questions: first, about H World's cost control and margins outlook, given the decent margin expansion in recent quarters; second, about the strategy to further enhance membership loyalty and marketing, as the membership base has grown to over 300 million.

Answer

Jin Hui (CEO, H World Group) and Jason Chen (Senior Vice President of Supply Chain, H World Group) explained that membership strategy is core, with initiatives like a price guarantee program, catering to diversified leisure demands (e.g., sports, inbound travelers), enhancing corporate client services, and exploring cross-industry partnerships to boost engagement and direct sales. Chen Hui (CFO, H World Group), translated by Jason Chen (Senior Vice President of Supply Chain, H World Group), stated that EBITDA margin improvement is due to the asset-light strategy, continuous cost control, and optimization. This includes reducing cost per room night via supply chain, seeking rental reductions for leased hotels, optimizing SG&A, and making ROI-driven marketing investments.

Ask follow-up questions

Fintool

Fintool can write a report on H World Group logo HTHT's next earnings in your company's style and formatting