营收降利润反增4.36%!首旅酒店前三季扣非增速仅2.15%,直营酒店减563家、中高端RevPAR降6.1%,携程减持套现

柴米匚
Dec 03, 2025

各位关注酒店行业的朋友,最近首旅酒店的三季报一出来,不少人看懵了:营收明明比去年少了 1.81%,净利润反倒涨了 4.36%,可扣掉非经常性损益的净利润增速,却只剩可怜的 2.15%。这 “减收增利” 的背后,到底是真赚钱了,还是藏着啥门道?今天咱就掰开揉碎了聊聊。核心数据先摆明白:营收 57.82 亿降 1.81%,扣非净利增速才 2.15%2025 年 11 月,首旅酒店(股票代码 ...

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