Strong Brands Drive Growth, Balancing Scale and Quality, Global Expansion Reaches New Heights HONG KONG , Nov. 26, 2024 /PRNewswire/ -- H World Group Limited ("H World" or "the Group", NASDAQ: HTHT and HKEX: 1179.HK) announced its unaudited financial results for the third quarter of 2024 (" Q3 2024 "), with both revenue and hotel turnover showing growth.
According to the announcement, H World's revenue increased 2.4% year-over-year to RMB6.4 billion in the third quarter of 2024.
Among this, revenue from H World's business in China ( "Legacy-Huazhu" or "Huazhu" ) increased 1.0% year-over-year; and revenue from H World International ( "Legacy-DH" or "DH" ) increased 8.9% year-over-year.
Meanwhile, the Group's hotel turnover increased 10.7% year-over-year to RMB26.0 billion .
Hotel turnover from the Legacy-Huazhu segment increased 11.0% year-over-year; and hotel turnover from the Legacy-DH segment increased 7.8% year-over-year.
The Group's business scale further expanded both domestically and internationally. H World was founded in 2005 and has since grown into one of the world's leading hotel management groups. With outstanding product innovation and brand operations, H World has gradually established a leading position in the market and continues to drive the development of the hotel industry.
As of the end of the third quarter, H World operated 10,845 hotels in 18 countries, with 2,925 unopened hotels in the pipeline. Jin Hui , CEO of H World commented: "After reaching the mi.
