H World Group Achieves Strong Financial Results in Q4 and Full-Year 2024
On March 20, 2025, H World Group Limited (NASDAQ: HTHT, HKEX: 1179), a key figure in the global hotel landscape, revealed its financial outcomes for the fourth quarter and the entirety of 2024. The company has demonstrated its commitment to significant growth through network expansion and an asset-light revenue model, which enhances its competitive edge in the hospitality sector.
In the fourth quarter alone, H World Group achieved a revenue increase of 7.8% year-on-year, amounting to RMB 6.0 billion (approximately USD 825 million). The full-year revenue escalated by 9.2% year-on-year, reaching RMB 23.9 billion (around USD 3.3 billion). This remarkable growth trajectory showcases the company's robust performance, particularly within the Chinese market, where H World significantly strengthened its foothold.
Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for the fourth quarter totaled RMB 1.2 billion (around USD 171 million), reflecting a commendable 10.3% increase from the previous year. Additionally, for the entire year, adjusted EBITDA rose to RMB 6.8 billion (approximately USD 935 million), marking an 8.8% year-on-year increase. These figures underline H World Group's operational efficiency and profitability even amidst external challenges.
A critical highlight of H World Group's performance in 2024 was the opening of 2,442 new hotels, culminating in a total of 11,147 hotels by the end of the year. The company also disclosed that 3,013 hotels are currently in the pipeline, indicating ongoing ambitions for expansion. This acceleration in hotel openings was propelled by H World’s strong brand presence and a commitment to maintaining high standards of service quality.
CEO Jin Hui expressed pride in reaching the milestone of 10,000 hotels and emphasized the company's rapid network expansion strategy in China, outperforming the initial target of 1,800 new hotels. Despite a slight decline in Revenue per Available Room (RevPAR) in the Legacy-Huazhu segment, which maintained a noteworthy occupancy rate of 81.2%, the company is positioned to continue its growth journey by implementing a disciplined asset-light approach.
Jin Hui also discussed the expansion efforts outside of China, where the Legacy-DH segment recorded a RevPAR increment of 5.9% year-on-year in 2024. Moving into 2025, the focus remains on refining hotel operations, minimizing costs, and further developing the asset-light framework.
Furthermore, the company reported an increase in loyalty membership through their H Rewards program, accumulating a total of 267 million members. This initiative is coupled with an enhanced central reservation system, which recorded a 4% year-on-year growth in contributions, showcasing the effectiveness of H World's digital innovation efforts. New features such as mobile capabilities and personalized booking experiences are anticipated to continue driving guest engagement and conversion rates for direct bookings.
The strategic direction for H World Group remains focused on cultivating high-quality, sustainable growth while expanding its diverse hotel portfolio to adapt to the evolving demands of travelers across key markets. With a solid development pipeline and ongoing enhancements to products, the company is poised to generate long-term value and deliver consistent, sustainable performance into the future.
For additional details, visit the full press release at the H World Group investor relations website.
In the fourth quarter alone, H World Group achieved a revenue increase of 7.8% year-on-year, amounting to RMB 6.0 billion (approximately USD 825 million). The full-year revenue escalated by 9.2% year-on-year, reaching RMB 23.9 billion (around USD 3.3 billion). This remarkable growth trajectory showcases the company's robust performance, particularly within the Chinese market, where H World significantly strengthened its foothold.
Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for the fourth quarter totaled RMB 1.2 billion (around USD 171 million), reflecting a commendable 10.3% increase from the previous year. Additionally, for the entire year, adjusted EBITDA rose to RMB 6.8 billion (approximately USD 935 million), marking an 8.8% year-on-year increase. These figures underline H World Group's operational efficiency and profitability even amidst external challenges.
A critical highlight of H World Group's performance in 2024 was the opening of 2,442 new hotels, culminating in a total of 11,147 hotels by the end of the year. The company also disclosed that 3,013 hotels are currently in the pipeline, indicating ongoing ambitions for expansion. This acceleration in hotel openings was propelled by H World’s strong brand presence and a commitment to maintaining high standards of service quality.
CEO Jin Hui expressed pride in reaching the milestone of 10,000 hotels and emphasized the company's rapid network expansion strategy in China, outperforming the initial target of 1,800 new hotels. Despite a slight decline in Revenue per Available Room (RevPAR) in the Legacy-Huazhu segment, which maintained a noteworthy occupancy rate of 81.2%, the company is positioned to continue its growth journey by implementing a disciplined asset-light approach.
Jin Hui also discussed the expansion efforts outside of China, where the Legacy-DH segment recorded a RevPAR increment of 5.9% year-on-year in 2024. Moving into 2025, the focus remains on refining hotel operations, minimizing costs, and further developing the asset-light framework.
Furthermore, the company reported an increase in loyalty membership through their H Rewards program, accumulating a total of 267 million members. This initiative is coupled with an enhanced central reservation system, which recorded a 4% year-on-year growth in contributions, showcasing the effectiveness of H World's digital innovation efforts. New features such as mobile capabilities and personalized booking experiences are anticipated to continue driving guest engagement and conversion rates for direct bookings.
The strategic direction for H World Group remains focused on cultivating high-quality, sustainable growth while expanding its diverse hotel portfolio to adapt to the evolving demands of travelers across key markets. With a solid development pipeline and ongoing enhancements to products, the company is poised to generate long-term value and deliver consistent, sustainable performance into the future.
For additional details, visit the full press release at the H World Group investor relations website.
Topics Consumer Products & Retail）
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