凯悦成财报季“黑马”，核心指标全线飘红。2025年第四季度凯悦全系统RevPAR增长4.0%，全年增长2.9%，全包式度假村领域，净套餐RevPAR在第四季度和全年分别增长了8.3%和8.6%。盈利方面，调整后EBITDA达11.59亿美元，RevPAR、规模扩张、签约量三大关键指标均超出市场预期，实现了扩张与经营效率的同步提升。
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