H World Group Limited

{{Short description|Chinese hotel management company}} {{COI|date=November 2023}}{{Infobox company | name = H World Group Limited | logo = | logo_size = | logo_alt = | logo_caption = | logo_padding = | image = | image_size = | image_alt = | image_caption = | trading_name = | native_name = | native_name_lang =  | romanized_name = | former_name = | type = Public | traded_as = {{NASDAQ|HTHT}} | ISIN = | industry = Hospitality Management | genre = | fate = | predecessor =  | successor =  | founded = {{start date and age|2005}} | founder = Ji Qi | defunct =  | hq_location = | hq_location_city = Jiading District, Shanghai<ref name=HQaddy>{{cite web|url=https://ir.hworld.com/investor-resources/contact-us|title=Contact us|publisher=H World|access-date=2024-09-12|quote=1299, Fenghua Road, Jiading District, Shanghai, China}} - [https://ir.hworld.com/zh-hans/investor-resources/contact-us Chinese address]: "中国上海市嘉定区丰华路1299弄"</ref> | hq_location_country = China | num_locations = | num_locations_year =  | area_served =  | key_people = | products = | brands = | production = | production_year =  | services = | revenue = | revenue_year =  | operating_income = | income_year =  | net_income =  | net_income_year =  | aum =  | assets = | assets_year =  | equity = | equity_year =  | owner =  | members = | members_year =  | num_employees = | num_employees_year =  | parent = | divisions = | subsid = H World International | module =  | ratio =  | rating =  | website =  | footnotes = | intl =  }}

'''H World Group Limited''' ({{zh|first=s|s=华住酒店集团|t=華住酒店集團|p=Huázhù Jiǔdiàn Jítuán}}), formerly '''Huazhu Hotels Group''' in English, is a hotel management company in China. In 2010, H World Group was listed on Nasdaq; in September 2020, H World Group achieved a secondary listing on the Main Board of the Hong Kong Stock Exchange. In January 2023, H World was listed in the Hurun China 500 Most Valuable Private Companies 2022 and ranked No. 126.<ref>{{Cite web |title=2021 worldwide ranking of hotel groups: global leaders slow down but keep expanding their portfolios |url=https://hospitality-on.com/en/hotel-development/2021-worldwide-ranking-hotel-groups-global-leaders-slow-down-keep-expanding-their |url-status=dead |archive-url=https://web.archive.org/web/20210318190715/https://hospitality-on.com/en/hotel-development/2021-worldwide-ranking-hotel-groups-global-leaders-slow-down-keep-expanding-their |archive-date=18 March 2021 |access-date=2022-01-22 |website=Hospitality ON |language=en}}</ref> Its headquarters are in Jiading District, Shanghai.<ref name=HQaddy/>

As of September 2025, H World operates 12,702 hotels with 1,246,240 rooms globally<ref>https://laotiantimes.com/2025/11/17/h-world-group-reports-solid-q3-2025-results-with-enhanced-profitability-and-continued-network-expansion/</ref>, making it one of the world's largest hotel chains.<ref>https://finance.yahoo.com/news/chinas-h-world-already-bigger-200915428.html</ref>

== History == In August 2005, the first HanTing Hotel was built.<ref name=":1">{{Cite web |date=2021-08-24 |title=汉庭酒店16周年，回顾第一家汉庭酒店是如何创立的？ |url=https://wappass.baidu.com/static/captcha/tuxing.html?ak=572be823e2f50ea759a616c060d6b9f1&backurl=https%3A%2F%2Fmbd.baidu.com%2Fnewspage%2Fdata%2Flandingsuper%3Fthird%3Dbaijiahao%26baijiahao_id%3D1708954698524978725%26c_source%3Dduedge&timestamp=1644378586&signature=771f2119a975daa3be8aa91817f60164 |archive-url=https://archive.today/20221223064358/https://mbd.baidu.com/newspage/data/landingsuper?third=baijiahao&baijiahao_id=1708954698524978725&c_source=duedge&p_tk=7407lOIF2E7LVIXK1HcY61LJrkc6vgxpAA3GCkOzlIW5KogTah8ah4nwnSebA4wOs6ZKo0aAR441SG6FG4PhvnQ8yAUehfuUcmS8hFeVRD43ULGz6Umm/B8swqSla6lq/FatZhdziCd6MOp36QCft16BaA%3D%3D&p_timestamp=1671777782&p_sign=4ef339dd5feb26abfe8a1342eb0fd41e&p_signature=b558fdf133c5fba5c9f4e2e80d4438bd&__pc2ps_ab=7407lOIF2E7LVIXK1HcY61LJrkc6vgxpAA3GCkOzlIW5KogTah8ah4nwnSebA4wOs6ZKo0aAR441SG6FG4PhvnQ8yAUehfuUcmS8hFeVRD43ULGz6Umm/B8swqSla6lq/FatZhdziCd6MOp36QCft16BaA%3D%3D%7C1671777782%7Cb558fdf133c5fba5c9f4e2e80d4438bd%7C4ef339dd5feb26abfe8a1342eb0fd41e |archive-date=2022-12-23 |access-date=2022-02-09 |newspaper=Rizhao Daily}}</ref> The first hotel of the group was opened by Kunshan Railway Station for a trial operation in August 2005.<ref name=":1" /> Ji Qi (Chinese: 季琦; pinyin: ''Jì Qí''),<ref>"[http://www.huazhu.com/huazhu/486.html 华住酒店集团公布2013年第二季度财报净利润同比增长37%，单季门店开业数量创新高]" ([https://web.archive.org/web/20150924031711/http://www.huazhu.com/huazhu/486.html Archive]). Huazhu Hotels Group. July 30, 2014. Retrieved on July 30, 2014. "执行董事长兼CEO季琦在财报中披露"</ref> the founder, stated that he got the idea to start the chain by reading a book discussing Accor.

In January 2010, the first JI Hotel was built.<ref>{{Cite web |title=The H World algorithm: How a Chinese brand keeps changing the hotel business - Caixin Global |url=https://www.caixinglobal.com/2023-10-25/the-h-world-algorithm-how-a-chinese-brand-keeps-changing-the-hotel-business-102119583.html |access-date=2023-11-01 |website=www.caixinglobal.com |language=en}}</ref> In March 2010, HanTing Hotel Group, Inc. went public on the New York Stock Exchange.<ref>{{Cite web|title=京华网-做有态度的京华新闻网|url=http://www.jinghva.com/|access-date=2022-02-06|website=www.jinghva.com}}</ref> In November 2012, the group's Chinese name was renamed to Huazhu Hotels Group.<ref>{{Cite web|title=汉庭创始人回归掀变革风暴集团更名"华住"_科技_腾讯网|url=https://tech.qq.com/a/20121120/000174.htm|access-date=2022-02-06|website=tech.qq.com}}</ref>

In December 2014, signed a long-term strategic alliance agreement with Accor in France,<ref>{{Cite web|date=2015-01-30|title=Groundbreaking alliance between Accor and Huazhu (China Lodging) creates a hotel giant in China|url=http://strategic-partnering.net/groundbreaking-alliance-accor-huazhu-china-lodging-creates-hotel-giant-china/|access-date=2022-02-09|website=Strategic Partnering|language=en-US}}</ref> which was finalized in January 2016.<ref>[https://www.hospitalitynet.org/news/4073930.html "AccorHotels and Huazhu finalize their strategic alliance"]</ref> In May 2015, former president Jenny Zhang was appointed chief executive officer.<ref>{{cite web|url=http://www.streetinsider.com/Management+Changes/China+Lodging+Group+(HTHT)+Names+New+CEO/10594367.html|title=China Lodging Group (HTHT) Names New CEO|access-date=13 July 2015}}</ref> In February 2017, the company wholly acquired Orange Crystal Hotel Group, which owns the brands Orange Crystal Hotel and Orange Hotel.<ref>{{Cite web |title=华住酒店36.5亿收购桔子水晶收购后仍独立运营{{!}}界面新闻 |url=https://www.jiemian.com/article/1138340.html |access-date=2023-10-05 |website=www.jiemian.com}}</ref> In April 2017, the company opened the first Manxin Hotel.<ref>{{Cite web |last=环球旅讯 |title=华住漫心：瞄准年轻市场仓促上阵还是胸有成竹？ - 环球旅讯(TravelDaily) |url=https://www.traveldaily.cn/article/116030 |access-date=2023-10-05 |website=www.traveldaily.cn |language=zh}}</ref>

In August 2018, Huazhu Hotels Group announced the completion of its strategic acquisition of the Chinese boutique resort hotel brand, Blossom.<ref>{{Cite web |title=Huazhu Group Limited Announces Acquisition of Blossom Hill Hotels & Resorts |url=https://ir.hworld.com/news-releases/news-release-details/huazhu-group-limited-announces-acquisition-blossom-hill-hotels |website=H World Group Limited}}</ref> In October 2019, the first overseas directly managed shop of JI Hotel was officially opened in Singapore's historic Orchard Road shopping district, as the first overseas hotel of Huazhu Hotels Group.<ref>{{Cite web |title=华住酒店集团海外首家酒店在新加坡开业_中国 |url=https://www.sohu.com/a/www.sohu.com/a/345985420_120310582 |access-date=2023-10-06 |website=www.sohu.com}}</ref> In November 2019, the company announced that one of their subsidiaries purchased Deutsche Hospitality for 700 million euros.<ref>{{Cite web |title=Nasdaq-listed Huazhu Group acquires Deutsche Hospitality |url=https://www.businesstraveller.com/business-travel/2019/11/06/nasdaq-listed-huazhu-group-acquires-deutsche-hospitality/ |access-date=2023-01-03 |website=Business Traveller |language=en-GB}}</ref>

In January 2020, the company completed the acquisition of all equity interest in Deutsche Hospitality, whose hotel brands include Steigenberger, Steigenberger Icons, MAXX by Steigenberger, IntercityHotel and Zleep Hotels.<ref>{{Cite web |last=Behuria |first=Preeti |date=2019-11-05 |title=China's Huazhu Group agrees to acquire Deutsche Hospitality for $780m |url=https://www.hotelmanagement-network.com/news/huazhu-group-acquire-deutsche-hospitality-780m/ |access-date=2023-10-05 |website=Hotel Management Network |language=en-US}}</ref> In September 2020, the company achieved a secondary listing on the Main Board of the Hong Kong Stock Exchange under the ticker symbol 1179.HK.<ref name=":0">{{Cite web |title=Huazhu Group Plans Secondary Listing in Hong Kong |url=https://hospitality-on.com/en/finance/huazhu-group-plans-secondary-listing-hong-kong |access-date=2023-10-05 |website=Hospitality ON |language=en}}</ref>

In March 2021, Huazhu and Sunac Cultural and Tourism established a joint venture - Yongle Huazhu Hotel Management Company Limited - to jointly develop the high-end hotel business.<ref>{{Cite web |title=永乐华住获22家融创酒店管理授权-新华网 |url=http://www.xinhuanet.com/house/20211011/964bcc9f881448c5a3cc1476442c30bd/c.html |access-date=2023-10-06 |website=www.xinhuanet.com}}</ref> In September 2022, the company changed its name to H World Group Limited, or H World.<ref>{{Cite web |last=MarketScreener |date=2022-08-01 |title=H World : COMPLETION OF REGISTRATION OF CHANGE OF NAME IN HONG KONG; - Form 6-K -August 01, 2022 at 09:55 am EDT {{!}} MarketScreener |url=https://www.marketscreener.com/quote/stock/H-WORLD-GROUP-LIMITED-44292438/news/H-World-COMPLETION-OF-REGISTRATION-OF-CHANGE-OF-NAME-IN-HONG-KONG-Form-6-K-41156944/ |access-date=2023-10-06 |website=www.marketscreener.com |language=en}}</ref>

==Corporate affairs== ===Structure=== The group is composed of brands like HanTing Hotel,<ref name=":1" /> JI Hotel,<ref>{{Cite web |title=在新加坡设首个国际总部华住创始人季琦分享心得 {{!}} 联合早报 |url=https://www.zaobao.com.sg/news/china/story20190514-956302 |access-date=2023-11-15 |website=www.zaobao.com.sg |language=zh-Hans}}</ref> Orange Hotel,<ref>{{Cite web |date=2017-03-01 |title=华住全资收购桔子水晶但酒店行业的升级不止买买买-36氪 |url=https://36kr.com/p/1721391546369 |access-date=2023-11-15 |website=36kr.com}}</ref> Hi Inn Hotel,{{citation needed|date=February 2024}} Joya Hotel, Blossom House, Madison International Hotel, Crystal Orange Hotel, Manxin Hotel, Madison Hotel, CitiGO Hotel, Starway Hotel, NiHao Hotel, CJIA Apartment and Suisse Place.<ref>{{Cite web |date=2008-08-01 |title=H World Group Limited {{!}} LinkedIn |url=https://cn.linkedin.com/company/huazhugrouplimited |access-date=2024-01-10 |website=cn.linkedin.com |language=en}}</ref>

Under franchise agreements with Accor, 300 economy and middle-scale hotels have opened in China, mainly under the Ibis, Novotel, and Mercure brands.<ref>{{Cite web|last=Net|first=Hospitality|title=Accor to sell a 1.5% stake in Huazhu for €239m|url=https://www.hospitalitynet.org/news/4103079.html|access-date=2022-01-24|website=Hospitality Net|language=en-us}}</ref>{{Better source needed|reason=The current source is insufficiently reliable (WP:NOTRS) as it is a press release.|date=November 2023}}

China Lodging Holding Singapore, a wholly owned subsidiary of Huazhu Hotels Group, also acquired 100% equity interest in Deutsche Hospitality,<ref>{{Cite web|last=Fox|first=Jena Tesse|date=2019-11-04|title=China's Huazhu drops €700M for Germany's Deutsche Hospitality|url=https://www.hotelmanagement.net/transactions/china-s-huazhu-drops-eu700m-for-germany-s-deutsche-hospitality|access-date=2022-01-24|website=Hotel Management|language=en}}</ref> which has since been rebranded to H World International and operates brands such as ''Steigenberger'' and ''IntercityHotel''.

===Financial results=== {| class="wikitable" |+Financial results<ref>{{Cite web|title=Annual Reports {{!}} Huazhu Group Limited|url=https://ir.huazhu.com/financials/annual-reports|access-date=2022-02-11|website=ir.huazhu.com|language=en}}</ref> !Year !2011 !2012 !2013 !2014 !2015 !2016 !2017 !2018 !2019 !2020 !2021 !2022 |- !Revenue (RMB, in millions) !2,249 !3,224 !4,168 !4,965 !5,775 !6,573 !8,229 !10,063 !11,212 !10,196 !12,785 !13,862 |- |Net Income (RMB, in millions) |114 |175 |280 |307 |437 |774 |1,228 |716 |1,769 |(2,192) |（465） |（1,821） |}

==See also== * {{portal-inline|China}} * {{portal-inline|Hotels}}

==References== {{reflist}}

==Further reading== * Ruetz, David and Macy Marvel. "Budget Hotels: Low Cost Concepts in the U.S., Europe and Asia." In: Conrady, Roland and Martin Buck. ''Trends and Issues in Global Tourism 2011'' (Volume 0 of Trends and Issues in Global Tourism). Springer Science & Business Media, February 4, 2011. Start p. 99. {{ISBN|3642177670}}, 9783642177675.

==External links== {{Commons category-inline|Huazhu Hotels Group}} * [http://www.huazhu.com/ Huazhu Hotels Group Ltd] {{in lang|zh-cn}} - Site for all hotel brands * [http://ir.htinns.com/index.cfm China Lodging Group Limited] {{Webarchive|url=https://web.archive.org/web/20140808034315/http://ir.htinns.com/index.cfm |date=2014-08-08 }} (Investor site, in English) * [https://web.archive.org/*/http://www.htinns.com Hanting Inns] {{in lang|zh-cn}} * [https://www.google.com/finance/?cid=9932306 China Lodging Group, Ltd] at Google Finance

Category:Companies based in Shanghai Category:Chinese companies established in 2005 Category:Hotels established in 2005 Category:Hospitality companies Category:Hotel chains in China Category:Companies listed on the Nasdaq Category:Chinese brands Category:Hospitality companies established in 2005 Category:2005 establishments in Shanghai