SINGAPORE and SHANGHAI, Oct. 21,
2023 /PRNewswire/ -- H World Group Limited
("H World" or "the Group", NASDAQ: HTHT and HKEX:
1179) announced its preliminary results for hotel operations in
the third quarter ended 30 September
2023 ("Q3 2023").
As of September 30, 2023, H World
operated 9,157 hotels with 885,756 rooms in operation in 18
countries. In Q3 2023, Legacy-Huazhu (refers to H World's business
in China) reached 545 new hotel
openings, marking an increase compared to 262 in Q1 and 374 in Q2
of 2023, which also demonstrated the franchisees' recognition and
confidence in promising development prospects of H World
following their recovery of exceptional operating results. In Q3
2023, for Legacy-Huazhu business, the RevPAR recovered to 129% of
the 2019 level. Breaking down into monthly numbers, the RevPAR in
July, August and September 2023
recovered to 132%, 128% and 128% of the 2019 levels, respectively.
The RevPAR growth continued to be primarily driven by ADR growth.
Meanwhile, the occupancy rate recovery also improved sequentially
in Q3 2023.
In Q3 2023, DH continued its promising business recovery trend
and its RevPAR recovered to 107% of the 2019 level.
As a leading player in the hotel industry in China and one of the fastest-growing hotel
groups in the world, H World has consistently adhered to the
"customer-centric" sustainable quality growth, thereby maintaining
a stable growth momentum. The Group consistently strengthens the
development of its core business in the economy and midscale
segments, enhances its presence in the upper-midscale segment and
explores opportunities in lower-tier markets. With a unique
management and franchising model that emphasizes asset-light
operations, H World offers renowned brands and management
expertise, driving high-quality hotel development and continuously
enhancing service quality. Simultaneously, H World leverages
digitization to enhance the overall consumer experience, fortify
brand loyalty, continuously optimize performance, and solidify its
leading position in the industry.
About H World Group Limited:
Originated
in China, H World Group Limited is
a key player in the global hotel industry. H World's brands include
Hi Inn, Elan Hotel, HanTing Hotel, JI Hotel, Starway Hotel, Orange
Hotel, Crystal Orange Hotel, Manxin Hotel, Madison Hotel, Joya
Hotel, Blossom House, Ni Hao Hotel,
CitiGO Hotel, Steigenberger Hotels & Resorts, MAXX, Jaz in the
City, IntercityHotel, Zleep Hotels, Steigenberger Icon and Song
Hotels. In addition, H World also has the rights as master
franchisee for Mercure, Ibis and Ibis Styles, and
co-development rights for Grand Mercure and Novotel, in the
pan-China region.
H World's business includes leased and owned, manachised and
franchised models. Under the lease and ownership model, H World
directly operates hotels typically located on leased or owned
properties. Under the manachise model, H World manages manachised
hotels through the on-site hotel managers that H World appoints,
and H World collects fees from franchisees. Under the franchise
model, H World provides training, reservations and support services
to the franchised hotels, and collects fees from franchisees but
does not appoint on-site hotel managers. H World applies a
consistent standard and platform across all of its hotels.
For more information, please visit H World's website:
https://ir.hworld.com.
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SOURCE INTELLIGENT JOY LIMITED