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 | TTM Q4 22 | TTM Q4 21 | % of revenue | YoY |
|---|---|---|---|---|
| Legacy Huazhu | CN¥10.66B | CN¥11.25B | 76.9% | -5.2% |
| Legacy DH | CN¥3.21B | CN¥1.54B | 23.2% | +108.7% |
By product or service
| Revenue | TTM Q4 22 | TTM Q4 21 | % of revenue | YoY |
|---|---|---|---|---|
| Leased and owned hotels | CN¥9.15B | CN¥8.12B | 66.0% | +12.7% |
| Room revenues | CN¥7.57B | CN¥7.02B | 54.6% | +7.8% |
| Franchise or manachise agreements | CN¥4.41B | CN¥4.40B | 31.8% | +0.0% |
| On-going management and service/royalty fees | CN¥1.38B | CN¥1.48B | 9.9% | -7.0% |
| Central reservation system usage fees, other system maintenance and support fees | CN¥1.26B | CN¥1.40B | 9.1% | -9.8% |
| Reimbursements for hotel manager fees | CN¥1.10B | CN¥897.00M | 8.0% | +23.0% |
| Food and beverage revenues | CN¥1.05B | CN¥694.00M | 7.6% | +51.2% |
| Other fees | CN¥559.00M | CN¥520.00M | 4.0% | +7.5% |
| Others | CN¥528.00M | CN¥400.00M | 3.8% | +32.0% |
| Others | CN¥309.00M | CN¥263.00M | 2.2% | +17.5% |
| Initial one-time license/franchise fee | CN¥106.00M | CN¥109.00M | 0.8% | -2.8% |
By region
| Revenue | TTM Q4 22 | TTM Q4 21 | % of revenue | YoY |
|---|---|---|---|---|
| China | CN¥10.64B | CN¥11.23B | 76.7% | -5.3% |
| Germany | CN¥2.46B | CN¥1.26B | 17.7% | +94.6% |
| All others | CN¥767.00M | CN¥291.00M | 5.5% | +163.6% |
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.