H World Group Ltd

Overview

H World Group Ltd is a multi-brand hospitality company focused on hotel operations and management, spanning economy to luxury accommodation. Its brands include HanTing, JI Hotel, Orange and Manxin in China, alongside international brands such as Steigenberger Hotels & Resorts, IntercityHotel and Zleep. The company’s core market is China, with international operations through Deutsche Hospitality across Europe, the Middle East, Asia and Africa; it reported a presence in 21 countries as of June 30, 2026.[1]+2

H World’s stated mission is “Create a Better Journey.” The company launched its first HanTing hotel in 2005. As of June 30, 2026, it reported 13,539 operating hotels and 1,335,445 rooms; FY2025 total revenue was RMB25.307 billion.[4]+3 [1]+8

Products & services

H World Group’s hotel products span economy brands HanTing, Hi Inn, Ni Hao and Elan; midscale JI, Orange, Starway and Ibis Styles; upper-midscale Crystal Orange, IntercityHotel, Grand JI, Manxin, Mercure, Madison, Novotel, CitiGO and MAXX; and upscale and luxury brands including Joya, Blossom House, Steigenberger Hotels & Resorts, Jaz in the City, Steigenberger Icons and Song Hotels. The company also holds pan-China rights for Mercure, Ibis and Ibis Styles and co-development rights for Grand Mercure and Novotel.[8]+3 Among specific concepts, Ni Hao is an economy hotel aimed at younger customers, with its 2.0 design combining contemporary aesthetics and traditional Chinese colors and symbols. Crystal Orange targets upper-midscale business and quality travelers; its 2.5 concept uses materials such as walnut, antique copper and glass and promotes a “Purify, Recharge, Awaken” experience.[12][13] [8]+15

Geographic presence

At 31 December 2025, H World Group operated 12,858 hotels in Greater China and 20 other countries: 12,736 were in Greater China and 122 outside it, approximately 99.1% and 0.9% of the hotel total, respectively. The company’s international locations included countries in Europe and the Middle East, as well as Singapore, Mongolia, Korea, Vietnam and Cambodia; the cited filing does not give a hotel-by-country breakdown.[22][23] As of 30 June 2026, the group reported 13,539 hotels in 21 countries.[24]

For the quarter ended 30 June 2026, revenue from hotels operating in China (HWC) was RMB 5,876 million and revenue from hotels operating outside China (HWI) was RMB 1,253 million. Relative to consolidated revenue of RMB 7,121 million, these are approximately 82.5% and 17.6%, respectively; the segment amounts include an RMB 8 million elimination, so the percentages do not sum to 100%.[25] The company’s principal executive office is in Jiading District, Shanghai, PRC.[26] [22]+4

Business segments

For the six months ended June 30, 2026, H World reported two geographic segments: **HWC**, covering hotels operating in China, and **HWI**, covering hotels operating outside China. HWC generated RMB 10,907 million of revenue and HWI RMB 2,225 million; against consolidated revenue of RMB 13,117 million, these represented approximately 83.2% and 17.0%, respectively. The remaining difference reflects RMB 15 million of segment eliminations.[27][28]

In its FY2025 reporting, the company identified **Legacy Huazhu** and **Legacy DH** as its two operating and reportable segments. Legacy Huazhu encompasses its Huazhu hotel portfolio, spanning economy through luxury offerings; Legacy DH comprises the Deutsche Hospitality business and its international hotel portfolio. FY2025 revenue was RMB 20,535 million for Legacy Huazhu and RMB 4,794 million for Legacy DH—approximately 81.1% and 18.9% of consolidated revenue of RMB 25,307 million, after RMB 22 million of eliminations.[29]+2

The company also reports revenue by hotel operating model. In 1H 2026, leased and owned hotels contributed RMB 5,983 million (about 45.6% of consolidated revenue), manachised and franchised hotels RMB 6,592 million (50.3%), and other revenue RMB 542 million (4.1%). Leased and owned hotels are directly operated; manachising involves company-appointed on-site managers, while franchising provides support and services without appointing on-site managers.[31]+2 [27]+6

Company history

H World Group was founded in China in 2005 by Qi Ji, and its first HanTing hotel opened that year in Kunshan. The company expanded its brand portfolio with Hi Inn in 2008 and opened its first JI Hotel in 2010, the year its ADSs began trading on Nasdaq.[4][5] In 2012, it acquired a majority stake in Starway and changed its Chinese trade name from HanTing Hotel Group to HuaZhu Hotel Group; it bought the remaining Starway stake in 2013.[5]

The group added Crystal Orange in 2017 and took a majority stake in Blossom Hotel Management in 2018. Its English name changed from China Lodging Group to Huazhu Group Limited effective June 1, 2018.[5] In 2019, it opened its first overseas hotel in Singapore and agreed to acquire Deutsche Hospitality; the acquisition was completed in January 2020, bringing brands including Steigenberger and IntercityHotel into the group. Huazhu also listed on the Hong Kong Stock Exchange in 2020.[5]+2

In 2021, Hui Jin succeeded Qi Ji as CEO, effective October 1.[34] The English corporate name changed from Huazhu Group Limited to H World Group Limited effective June 27, 2022.[35] [5]+15

Sources

• H World Group Ltd — Full financial report (2025 Y)
  21 citations

  [1][2][5][7][8][9][10][11][12][13][14][15][16][17][18][19][20][22][23][29][30]
• ir.hworld.com[3]
• www.hworld.com[4]
• H World Group Ltd — Presentation (2026 Q 2)
  3 citations

  [6][21][25]
• H World Group Ltd — Press release (2026 Q 2)
  3 citations

  [24][28][31]
• ir.hworld.com[26]
• ir.hworld.com[27]
• ir.hworld.com[32]
• ir.hworld.com[33]
• ir.hworld.com[34]
• www.sec.gov[35]