H World Group-S (01179) experienced a rise of over 5% in early trading, currently up 4.77% at HK$29.88, with a trading volume of HK$15.26 million. On October 9, H World Group released data indicating that during the 2025 National Day and Mid-Autumn Festival vacation, its hotels hosted over 10.55 million guests, representing a 36% increase compared to last year's holiday. The number of foreign guests exceeded 57,000, marking a 75% rise from the previous year. During the holiday period, the overall occupancy rate of H World Group's brand hotels surpassed 80%, with the peak occupancy rate reaching over 98% on October 3, resulting in over 8,100 fully booked locations. Morgan Stanley's research report highlighted early signs of recovery in hotel demand in the first week following the Golden Week holiday, suggesting that the revenue per available room for October 2025 may turn positive, marking the second consecutive month of growth. Given the company's sensitivity to the industry's revenue per available room growth, it is expected to benefit significantly.