Business
H World Group Reports Fourth Quarter and 2024 Full-Year Financial Results
H World Group Limited (NASDAQ: HTHT and HKEX: 1179), a key player in the global hotel industry, announced its unaudited financial results for the fourth quarter and full year ended December 31, 2024.
About this update from H World Group Limited
[{"type":"text","content":"Accelerated network expansion, asset-light revenue growth, and rising membership and CRS contribution underscore long-term momentum","length":131,"tagName":"p","attribs":{}},{"type":"text","content":"Highlights ","length":10,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Fourth quarter revenue increased 7.8% Y-o-Y to RMB6.0 billion (US$825 million)","length":78,"tagName":"p"}]},{"val":[{"type":"text","content":"2024 full year revenue increased 9.2% Y-o-Y to RMB23.9 billion (US$3.3 billion)","length":79,"tagName":"p"}]},{"val":[{"type":"text","content":"Fourth quarter adjusted EBITDA1 totaled RMB1.2 billion (US$171 million2)","length":72,"tagName":"p"}]},{"val":[{"type":"text","content":"2024 full year adjusted EBITDA totaled RMB6.8 billion (US$935 million)","length":70,"tagName":"p"}]},{"val":[{"type":"text","content":"A record 2,442 new hotel openings in 2024, reaching a total of 11,147 hotels as of year end","length":91,"tagName":"p"}]},{"val":[{"type":"text","content":"3013 hotels in the pipeline as of year end","length":42,"tagName":"p"}]},{"val":[{"type":"text","content":"The Group returned approx. US$767 million to shareholders through cash dividends and share repurchases in 2024","length":110,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":542,"olType":false},{"type":"text","content":"SINGAPORE and SHANGHAI, March 20, 2025 /PRNewswire/ -- H World Group Limited (NASDAQ: HTHT and HKEX: 1179), a key player in the global hotel industry, announced its unaudited financial results for the fourth quarter and full year ended December 31, 2024.","length":254,"tagName":"p"},{"type":"text","content":"The Company continued its significant network expansion, deepening its presence in the Chinese market and expanding its global footprint.","length":137,"tagName":"p"},{"type":"text","content":"Jin Hui, CEO of H World said "In 2024, H World achieved the 10,000-hotel milestone, while continuing our rapid fast network expansion in China. In the year of 2024, Legacy- Huazhu3 opened over 2,400 new hotels, far exceeding our initial target of 1,800 hotels, supported by our strong brand reputation and excellent product quality. While Legacy- Huazhu's full-year RevPAR declined slightly year-over-year from a high base the previous year, Legacy-Huazhu maintained a high occupancy rate of 81.2%, which ...