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H World Announces Preliminary Q3 Operating Results Over 9,000 Hotels in Operation Legacy-Huazhu's RevPAR Recovers To 129% Of The 2019 Level
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.
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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