HTHTNasdaqHotels & MotelsFiscal year ends December 31Also trades as HWLDF
H World Group Ltd
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 24, 2026
$46.45−0.05 (-0.11%)
Close on Oct 19, 2026
H World Group Ltd revenue by segment
By business segment
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Legacy Huazhu | CN¥20.54B | CN¥19.03B | CN¥17.44B | CN¥10.66B | CN¥11.25B | CN¥8.66B | – | – | – | – | 81.1% | +7.9% |
| Legacy DH | CN¥4.79B | CN¥4.88B | CN¥4.47B | CN¥3.21B | CN¥1.54B | CN¥1.53B | – | – | – | – | 18.9% | -1.8% |
By product or service
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Leased and owned hotels | CN¥12.94B | CN¥13.84B | CN¥13.80B | CN¥9.15B | CN¥8.12B | CN¥6.91B | CN¥7.72B | CN¥7.47B | CN¥6.34B | CN¥5.24B | 51.1% | -6.5% |
| Franchise or manachise agreements | CN¥11.70B | CN¥9.50B | CN¥7.69B | CN¥4.41B | CN¥4.40B | CN¥3.14B | CN¥3.34B | CN¥2.53B | CN¥1.85B | CN¥1.42B | 46.2% | +23.1% |
| Room revenues | CN¥11.00B | CN¥11.81B | CN¥11.79B | CN¥7.57B | CN¥7.02B | CN¥5.74B | CN¥7.06B | CN¥6.89B | CN¥5.84B | CN¥4.78B | 43.5% | -6.8% |
| Central reservation system usage fees, other system maintenance and support fees | CN¥4.30B | CN¥3.32B | CN¥2.63B | CN¥1.26B | CN¥1.40B | CN¥908.00M | CN¥908.00M | CN¥630.00M | CN¥436.00M | CN¥308.00M | 17.0% | +29.6% |
| On-going management and service/royalty fees | CN¥3.96B | CN¥3.31B | CN¥2.79B | CN¥1.38B | CN¥1.48B | CN¥1.06B | CN¥1.23B | CN¥983.00M | CN¥759.00M | CN¥589.00M | 15.6% | +19.7% |
| Reimbursements for hotel manager fees | CN¥2.18B | CN¥1.75B | CN¥1.40B | CN¥1.10B | CN¥897.00M | CN¥657.00M | CN¥581.00M | CN¥455.00M | CN¥371.00M | CN¥321.00M | 8.6% | +24.4% |
| Food and beverage revenues | CN¥1.32B | CN¥1.34B | CN¥1.33B | CN¥1.05B | CN¥694.00M | CN¥608.00M | CN¥351.00M | CN¥304.00M | CN¥249.00M | CN¥218.00M | 5.2% | -1.7% |
| Other fees | CN¥1.08B | CN¥985.00M | CN¥767.00M | CN¥559.00M | CN¥520.00M | CN¥404.00M | CN¥532.00M | CN¥380.00M | CN¥226.00M | CN¥145.00M | 4.3% | +9.4% |
| Others | CN¥668.00M | CN¥550.00M | CN¥392.00M | CN¥309.00M | CN¥263.00M | CN¥152.00M | CN¥152.00M | CN¥66.00M | CN¥40.00M | CN¥31.00M | 2.6% | +21.5% |
| Others | CN¥622.00M | CN¥695.00M | CN¥674.00M | CN¥528.00M | CN¥400.00M | CN¥565.00M | CN¥310.00M | CN¥272.00M | CN¥247.00M | CN¥240.00M | 2.5% | -10.5% |
| Loyalty program | CN¥411.00M | CN¥338.00M | CN¥288.00M | CN¥267.00M | CN¥243.00M | CN¥223.00M | CN¥224.00M | CN¥192.00M | CN¥160.00M | CN¥145.00M | 1.6% | +21.6% |
| Initial one-time license/franchise fee | CN¥181.00M | CN¥137.00M | CN¥114.00M | CN¥106.00M | CN¥109.00M | CN¥110.00M | CN¥93.00M | CN¥79.00M | CN¥59.00M | CN¥56.00M | 0.7% | +32.1% |
By region
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| China | CN¥20.50B | CN¥18.98B | CN¥17.39B | CN¥10.64B | CN¥11.23B | CN¥8.65B | – | – | – | – | 81.0% | +8.0% |
| Germany | CN¥3.40B | CN¥3.54B | CN¥3.32B | CN¥2.46B | CN¥1.26B | CN¥1.21B | – | – | – | – | 13.4% | -4.1% |
| All others | CN¥1.41B | CN¥1.36B | CN¥1.17B | CN¥767.00M | CN¥291.00M | CN¥337.00M | – | – | – | – | 5.6% | +3.3% |
From the segment and revenue-disaggregation notes of H World's 10-K and 10-Q filings (XBRL). Fourth-quarter figures are the fiscal year less the first nine months. Segment names follow the company's own labels and can change when it reorganizes.