H World Group Reports Fourth Quarter and 2024 Full-Year Financial Results

Accelerated network expansion, asset-light revenue growth, and rising membership and CRS contribution underscore long-term momentum

Highlights

Fourth quarter revenue increased 7.8% Y-o-Y to RMB6.0 billion (US$825 million)

2024 full year revenue increased 9.2% Y-o-Y to RMB23.9 billion (US$3.3 billion)

Fourth quarter adjusted EBITDA1 totaled RMB1.2 billion (US$171 million2)

2024 full year adjusted EBITDA totaled RMB6.8 billion (US$935 million)

A record 2,442 new hotel openings in 2024, reaching a total of 11,147 hotels as of year end

3013 hotels in the pipeline as of year end

The Group returned approx. US$767 million to shareholders through cash dividends and share repurchases in 2024

SINGAPORE and SHANGHAI, March 20, 2025 /PRNewswire/ -- H World Group Limited (NASDAQ:HTHT), a key player in the global hotel industry, announced its unaudited financial results for the fourth quarter and full year ended December 31, 2024.

The Company continued its significant network expansion, deepening its presence in the Chinese market and expanding its global footprint.

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 we believe is encouraging given the speed of our network ...