H World Group Ltd (HWLDF) revenue by segment
HWLDFOTCHotels & MotelsFiscal year ends December 31Also trades as HTHT
$4.25+0.52 (+13.94%)
Close on Oct 19, 2026Market cap $14.64BP/E 19.9Yield –
H World Group Ltd revenue by segment
By business segment
| Revenue | Q2 26 | Q4 25 | Q2 25 | Q4 24 | Q2 24 | Q4 23 | Q2 23 | Q4 22 | Q3 22 | Q4 21 | Q4 20 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Legacy Huazhu | – | – | – | – | – | – | – | CN¥2.76B | CN¥3.16B | CN¥2.78B | – | – | – |
| Legacy DH | – | – | – | – | – | – | – | CN¥955.00M | CN¥930.00M | CN¥573.00M | – | – | – |
By product or service
| Revenue | Q2 26 | Q4 25 | Q2 25 | Q4 24 | Q2 24 | Q4 23 | Q2 23 | Q4 22 | Q3 22 | Q4 21 | Q4 20 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Central reservation system usage fees, other system maintenance and support fees | – | – | – | – | – | – | – | CN¥322.00M | CN¥418.00M | CN¥351.00M | – | – | – |
| Food and beverage revenues | – | – | – | – | – | – | – | CN¥297.00M | CN¥285.00M | CN¥219.00M | – | – | – |
| Initial one-time license/franchise fee | – | – | – | – | – | – | – | CN¥27.00M | CN¥27.00M | CN¥28.00M | – | – | – |
| Leased and owned hotels | – | – | – | – | – | – | – | CN¥2.45B | CN¥2.70B | CN¥2.09B | – | – | – |
| Franchise or manachise agreements | – | – | – | – | – | – | – | CN¥1.16B | CN¥1.31B | CN¥1.10B | – | – | – |
| On-going management and service/royalty fees | – | – | – | – | – | – | – | CN¥373.00M | CN¥410.00M | CN¥374.00M | – | – | – |
| Other fees | – | – | – | – | – | – | – | CN¥139.00M | CN¥185.00M | CN¥138.00M | – | – | – |
| Others | – | – | – | – | – | – | – | CN¥194.00M | CN¥69.00M | CN¥78.00M | – | – | – |
| Reimbursements for hotel manager fees | – | – | – | – | – | – | – | CN¥297.00M | CN¥273.00M | CN¥213.00M | – | – | – |
| Room revenues | – | – | – | – | – | – | – | CN¥1.96B | CN¥2.34B | CN¥1.80B | – | – | – |
By region
| Revenue | Q2 26 | Q4 25 | Q2 25 | Q4 24 | Q2 24 | Q4 23 | Q2 23 | Q4 22 | Q3 22 | Q4 21 | Q4 20 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| All others | – | – | – | – | – | – | – | CN¥209.00M | CN¥211.00M | CN¥112.00M | – | – | – |
| Germany | – | – | – | – | – | – | – | CN¥741.00M | CN¥728.00M | CN¥464.00M | – | – | – |
| China | – | – | – | – | – | – | – | CN¥2.76B | CN¥3.15B | CN¥2.77B | – | – | – |
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.
Operating metrics
| Hotels | Q2 26 | Q4 25 | Q2 25 | Q2 24 | Q2 23 | Q3 22 | Q2 17 | YoY |
|---|---|---|---|---|---|---|---|---|
| Manachised hotels | 12,892 | 12,170 | 11,400 | 9,444 | 7,861 | 7,459 | 2,654 | +13.1% |
| Leased and owned hotels | 547 | 573 | 612 | 679 | 696 | 710 | 686 | -10.6% |
| Franchised hotels | 100 | 115 | 125 | 163 | 193 | 233 | 201 | -20.0% |
Counts and sizes H World tags in the notes of its 10-K and 10-Q filings (XBRL), as of the end of each period. Breakdowns follow the company's own labels; at most 15 are shown per metric.