H World Group Ltd (ADR) (OQ:HTHT)
Business Focus: Hotels & Motels
| Sector: Consumer Cyclicals | Industry: Hotels, Motels & Cruise Lines |
| Company Contact | |
| Address: | No. 1299 Fenghua Road, Jiading District SHANGHAI SHA 00000 |
| Tel: | N/A |
| Website: | https://ir.hworld.com |
| IR: | See website |
| Key People | ||
| Qi Ji Executive Chairman of the Board, Founder | Liu Xinxin President | Hui Jin Chief Executive Officer |
| Jun Zou Chief Financial Officer | Jihong He Chief Strategy Officer | |
| Business Overview |
| H World Group Limited, formerly Huazhu Group Limited, is a China-based investment holding company. The Company's main businesses include the operation of develop leased and owned, manachised and franchised hotels. The Company is mainly engaged in multi-brand hotel operation, covering the full spectrum of market segments with a portfolio of over 20 distinct hotel brands. The Company mainly conducts its businesses in the Chinese domestic market and the German market. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, H World Group Ltd (ADR) revenues increased 58% to RMB21.88B. Net income totaled RMB4.09B vs. loss of RMB1.82B. Revenues reflect Legacy Huazhu segment increase of 64% to RMB17.44B, China segment increase of 64% to RMB17.39B, Occupancy - %Legacy Huazhu increase of 22% to 81.1%, Average Daily Room Rate (ADR)-Legacy increase of 8% to RMB885. |
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