H World Group Limited Announces Preliminary Results for Hotel Operations in the Fourth Quarter and the Full Year of 2022

January,312023

For the Legacy-Huazhu organization, RevPAR in Q42022 recuperated to83% of the2019 level. The healing was sped up after Chinese Government revealed the resuming policy in mid-November.

H World Group Limited( NASDAQ: HTHT and HKEX:1179) today revealed initial outcomes for hotel operations in the 4th quarter(” Q42022″) and the complete year ended December31,2022

COVID-19 upgrade

For the Legacy-Huazhu organization, RevPAR in Q42022 recuperated to83% of the 2019level. The healing was sped up after Chinese Government revealed the resuming policy in mid-November. Breaking down into every month, our RevPAR in October, November and December2022 recuperated to74%,87% and91% of the2019 levels, respectively. The pattern continued throughout the Spring Festival vacation with RevPAR recuperated to approximately 95% of 2019 7 days’ vacation duration.

Steigenberger Hotels GmbH and its subsidiaries (” DH”, or “Legacy-DH”) have actually experienced a seasonal downturn of RevPAR healing in Q42022 Mixed RevPAR recuperated to 110% of 2019 levels in Q4, driven by the Steigenberger hotels in Qatar and Egypt. Omitting the results of the FIFA World Cup and the COP27 UN Climate Conference, the RevPAR recuperated to 100% of 2019 levels. RevPAR healing continues to be driven by ADR boosts while tenancy levels still stay behind the levels accomplished in2019 The continuous decrease of energy-related dangers reduces energy costs in Europe. Inflation is continuing to effect operating expenses. We will bridge the increasing expense through more rate boosts in addition to a continuous concentrate on expense decrease, procedure optimization and strict money management.

Operating Results: Legacy-Huazhu^{( 1 )}

	Number of hotels						Number of spaces
	Opened in Q4 2022	Closed ⁽²⁾ in Q4 2022		Net included in Q4 2022		As of December 31, 2022 ⁽³⁾	As of December 31, 2022
	Opened in Q4 2022	Closed ⁽²⁾ in Q4 2022		Net included in Q4 2022		As of December 31, 2022 ⁽³⁾	As of December 31, 2022
Leased and owned hotels	5	(13	)	( 8	)	623	89,638
Manachised and franchised hotels	239	(96	)	143		7,788	693,536
Total	244	(109	)	135		8,411	783,174
( 1 ) Legacy-Huazhu describes H World and its subsidiaries, omitting DH. ( 2 ) The factors for hotel closures generally consisted of non-compliance with our brand name requirements, running losses, and property-related problems. In Q4 2022, we momentarily closed 10 hotels for brand name upgrade and company design modification functions. ( 3 ) As of December 31, 2022, 572 hotels were requisitioned by governmental authorities.

	As of December 31, 2022
	Number of hotels	Unopened hotels in pipeline
Economy hotels	4930	1053
Leased and owned hotels	353	1
Manachised and franchised hotels	4577	1052
Midscale and high end hotels	3481	1491
Leased and owned hotels	270	13
Manachised and franchised hotels	3211	1478
Total	8411	2544

Operational hotels omitting hotels under appropriation^{( 4 )}
	For the quarter ended
	December 31,		September 30,		December 31,		yoy
	2021		2022		2022		modification
Average everyday space rate (in RMB)
Leased and owned hotels	286		294		279		-2.6	%
Manachised and franchised hotels	232		248		236		1.4	%
Blended	239		254		240		0.4	%
Occupancy Rate (as a portion)
Leased and owned hotels	674	%	731	%	631	%	-4.3 p.p.
Manachised and franchised hotels	684	%	764	%	666	%	-1.8 p.p.
Blended	682	%	760	%	662	%	-2.0 p.p.
RevPAR (in RMB)
Leased and owned hotels	193		215		176		-8.8	%
Manachised and franchised hotels	159		190		157		-1.2	%
Blended	163		193		159		-2.6	%

	For the quarter ended
	December 31,		December 31,		yoy
	2019		2022		modification
Average everyday space rate (in RMB)
Leased and owned hotels	277		279		0.5	%
Manachised and franchised hotels	223		236		5.9	%
Blended	232		240		3.6	%
Occupancy Rate (as a portion)
Leased and owned hotels	847	%	631	%	-216 p.p.
Manachised and franchised hotels	816	%	666	%	-150 p.p.
Blended	822	%	662	%	-160 p.p.
RevPAR (in RMB)
Leased and owned hotels	235		176		-252	%
Manachised and franchised hotels	182		157		-136	%
Blended	191		159		-166	%

( 4 ) If consisting of hotels under appropriation, RevPAR in Q4 2022 would have been 85% of the 2019 level.

Operational hotels leaving out hotels under appropriation^{( 5}⁾
	For complete year ended
	December 31,		December 31,		yoy
	2021		2022		modification
Average everyday space rate (in RMB)
Leased and owned hotels	286		272		-5.1	%
Manachised and franchised hotels	232		231		-0.2	%
Blended	239		236		-1.3	%
Occupancy Rate (as a portion)
Leased and owned hotels	706	%	639	%	-6.7 p.p.
Manachised and franchised hotels	724	%	671	%	-5.4 p.p.
Blended	722	%	667	%	-5.5 p.p.
RevPAR (in RMB)
Leased and owned hotels	202		174		-141	%
Manachised and franchised hotels	168		155		-7.6	%
Blended	172		157		-8.8	%

	For complete year ended
	December 31,		December 31,		yoy
	2019		2022		modification
Average day-to-day space rate (in RMB)
Leased and owned hotels	276		272		-1.8	%
Manachised and franchised hotels	224		231		3.0	%
Blended	234		236		0.6	%
Occupancy Rate (as a portion)
Leased and owned hotels	870	%	639	%	-230 p.p.
Manachised and franchised hotels	838	%	671	%	-167 p.p.
Blended	844	%	667	%	-177 p.p.
RevPAR (in RMB)
Leased and owned hotels	240		174		-278	%
Manachised and franchised hotels	188		155		-175	%
Blended	198		157		-205	%

( 5 ) If consisting of hotels under appropriation, RevPAR in 2022 would have been 82% of the 2019 level.

Same-hotel functional information by class
Mature hotels in operation for more than 18 months (leaving out hotels under appropriation)
	Number of hotels		Same-hotel RevPAR				Same-hotel ADR				Same-hotel Occupancy
	As of December 31,		For the quarter		yoy		For the quarter		yoy		For the quarter				yoy
	As of December 31,		ended December 31,		modification		ended December 31,		modification		ended December 31,				modification
	2021	2022	2021	2022			2021	2022			2021		2022		( p.p.)
Economy hotels	3,199	3,199	137	123	-101	%	183	181	-1.0	%	750	%	681	%	-6.9
Leased and owned hotels	335	335	148	132	-111	%	204	199	-2.6	%	725	%	662	%	-6.4
Manachised and franchised hotels	2,864	2,864	135	122	-9.9	%	179	178	-0.7	%	755	%	685	%	-7.0
Midscale and high end hotels	2,097	2,097	215	196	-8.6	%	313	301	-3.8	%	686	%	651	%	-3.4
Leased and owned hotels	227	227	245	222	-9.5	%	387	361	-6.8	%	634	%	615	%	-1.9
Manachised and franchised hotels	1,870	1,870	209	192	-8.4	%	301	292	-3.2	%	695	%	657	%	-3.7
Total	5,296	5,296	174	158	-9.2	%	241	236	-2.0	%	720	%	667	%	-5.3


	Number of hotels		Same-hotel RevPAR				Same-hotel ADR				Same-hotel Occupancy
	As of December 31,		For the quarter		yoy		For the quarter		yoy		For the quarter				yoy
	As of December 31,		ended December 31,		modification		ended December 31,		modification		ended December 31,				modification
	2019	2022	2019	2022			2019	2022			2019		2022		( p.p.)
Economy hotels	1,969	1,969	167	122	-268	%	188	180	-4.1	%	886	%	676	%	-210
Leased and owned hotels	324	324	189	130	-315	%	215	197	-8.3	%	880	%	658	%	-222
Manachised and franchised hotels	1,645	1,645	161	120	-254	%	181	176	-2.8	%	888	%	681	%	-207
Midscale and high end hotels	1,009	1,009	272	192	-294	%	325	300	-7.9	%	835	%	640	%	-195
Leased and owned hotels	166	166	329	202	-387	%	395	335	-153	%	833	%	603	%	-230
Manachised and franchised hotels	843	843	256	189	-261	%	307	291	-5.1	%	835	%	650	%	-185
Total	2,978	2,978	209	150	-280	%	241	227	-5.8	%	866	%	662	%	-204

Same-hotel functional information by class
Mature hotels in operation for more than 18 months (leaving out hotels under appropriation)
	Number of hotels		Same-hotel RevPAR				Same-hotel ADR				Same-hotel Occupancy
	As of December 31,		For the year		yoy		For the year		yoy		For the year				yoy
	As of December 31,		ended December 31,		modification		ended December 31,		modification		ended December 31,				modification
	2021	2022	2021	2022			2021	2022			2021		2022		( p.p.)
Economy hotels	3,199	3,199	142	123	-136	%	183	176	-3.6	%	775	%	695	%	-8.0
Leased and owned hotels	335	335	155	133	-141	%	207	194	-6.3	%	745	%	683	%	-6.2
Manachised and franchised hotels	2,864	2,864	139	121	-135	%	179	173	-3.1	%	780	%	697	%	-8.3
Midscale and high end hotels	2,097	2,097	224	196	-124	%	315	301	-4.4	%	710	%	650	%	-6.0
Leased and owned hotels	227	227	255	219	-141	%	386	362	-6.3	%	661	%	606	%	-5.5
Manachised and franchised hotels	1,870	1,870	218	191	-120	%	303	291	-3.9	%	719	%	658	%	-6.1
Total	5,296	5,296	179	156	-130	%	240	231	-3.8	%	746	%	675	%	-7.1


	Number of hotels		Same-hotel RevPAR				Same-hotel ADR				Same-hotel Occupancy
	As of December 31,		For the year		yoy		For the year		yoy		For the year				yoy
	As of December 31,		ended December 31,		modification		ended December 31,		modification		ended December 31,				modification
	2019	2022	2019	2022			2019	2022			2019		2022		( p.p.)
Economy hotels	1,969	1,969	174	121	-305	%	192	176	-8.7	%	907	%	690	%	-217
Leased and owned hotels	324	324	195	130	-333	%	215	191	-109	%	908	%	680	%	-228
Manachised and franchised hotels	1,645	1,645	169	119	-296	%	186	171	-7.9	%	906	%	693	%	-214
Midscale and high end hotels	1,009	1,009	276	190	-312	%	331	300	-9.5	%	832	%	633	%	-199
Leased and owned hotels	166	166	334	200	-400	%	396	338	-146	%	842	%	591	%	-251
Manachised and franchised hotels	843	843	258	187	-276	%	311	289	-7.1	%	829	%	646	%	-183
Total	2,978	2,978	212	147	-308	%	241	219	-9.0	%	879	%	669	%	-210

Operating Results: Legacy-DH⁽⁶⁾

	Number of hotels				Number of spaces	Unopened hotels in pipeline
	Opened in Q4 2022	Closed in Q4 2022	Net included in Q4 2022	As of December 31, 2022⁽⁷⁾	As of December 31,2022	As of December 31,2022
	Opened in Q4 2022	Closed in Q4 2022	Net included in Q4 2022	As of December 31, 2022⁽⁷⁾	As of December 31,2022	As of December 31,2022
Leased hotels	2	–	2	81	15,328	26
Manachised and franchised hotels	4	–	4	51	10,976	10

Total	6	–	6	132	26,304	36
( 6 ) Legacy-DH describes DH. ( 7 ) As of December 31, 2022, an overall of 3 hotels were momentarily closed. 1 hotel was closed due to flood damage, 1 hotel was closed due to substantial hotel repair, and 1 hotel was closed due to repairment.

	For the quarter ended
	December 31,		September 30,		December 31,		yoy
	2021		2022		2022		modification
Average day-to-day space rate (in EUR)
Leased hotels	95		113		114		195	%
Manachised and franchised hotels	93		116		134		446	%
Blended	94		114		122		297	%
Occupancy rate (as a portion)
Leased hotels	429	%	674	%	600	%	171 p.p.
Manachised and franchised hotels	507	%	641	%	583	%	7.6 p.p.
Blended	461	%	661	%	593	%	132 p.p.
RevPAR (in EUR)
Leased hotels	41		76		68		673	%
Manachised and franchised hotels	47		74		78		662	%
Blended	43		75		72		668	%

	For complete year ended
	December 31,		December 31,		yoy
	2021		2022		modification
Average everyday space rate (in EUR)
Leased and owned hotels	91		110		201	%
Manachised and franchised hotels	89		113		266	%
Blended	90		111		229	%
Occupancy Rate (as a portion)
Leased and owned hotels	316	%	560	%	244 p.p.
Manachised and franchised hotels	405	%	564	%	159 p.p.
Blended	352	%	562	%	210 p.p.
RevPAR (in EUR)
Leased and owned hotels	29		61		1126	%
Manachised and franchised hotels	36		64		764	%
Blended	32		62		962	%

hotel Portfolio by Brand

	As of December 31, 2022
	Hotels	Rooms	Unopened hotels
	in operation		in pipeline
Economy hotels	4,948	389,383	1,066
HanTing hotel	3,257	288,956	652
Hey There Inn	456	23,998	170
Ni Hao hotel	159	11,534	199

Elan hotel

836 39,948

Ibis hotel

2,121

1,146

Ibis Styles hotel

Starway hotel

47,378242

JI hotel

199,581

Orange hotel

261

7 Upper midscale hotels

75,467

Manxin hotel

10,601

Madison hotel

–

222

22,826

Zleep Hotels

Midscale hotels

2,898

317,117

8,864

567

1,694

611

519

56,035

CitiGO hotel

5,259

538

286

Crystal Orange hotel

16421,552

112

7,195

Mercure hotel

17 4,424

IntercityHotel( 8

13721,193

Novotel hotel

)

5610,50225

21,609

Upscale hotels

134

1,368 1

Blossom House

Grand Mercure hotel

7 1,726

Steigenberger Hotels & & Resorts

( 9

Jaz in the City	3	587	1	Joya hotel	8

2,326	49

5

)

5414,040

)

MAXX (10 ) Luxury hotels 5 Steigenberger Icon (11

9	1,562	8
		15	2,318

⁾

1,847

Others

Other hotels

Song Hotels
471		4
3,584	5

(

1 2

)

3,584

Total

8,543

809,478

		10
		5

2,580		( 8 ) As of December 31, 2022, 5 functional hotels and 11 pipeline hotels of IntercityHotel remained in China. ( 9 ) As of December 31, 2022, 11 functional hotels and 3 pipeline hotels of Steigenberger Hotels & & Resorts remained in China. (10) As of December 31, 2022, 3 functional hotels and 8 pipeline hotels of MAXX remained in China. (11) As of December 31, 2022, 3 functional hotels of Steigenberger Icon remained in China. (12) Other hotels consist of other partner hotels and other hotel brand names in Yongle Huazhu hotel & & Resort Group (omitting Steigenberger Hotels & & Resorts and Blossom House). About H World Group Limited Originated in China , H World Group Limited is a crucial gamer in the international hotel market. Since December 31, 2022, H World ran 8,543 hotels with 809,478 spaces in operation in 17 nations. H World’s brand names consist of Hey Inn, Elan hotel, HanTing hotel, JI hotel, Starway hotel, Orange hotel, Crystal Orange hotel, Manxin hotel, Madison hotel, Joya hotel, Blossom House, Ni Hao hotel, CitiGO hotel, Steigenberger Hotels & & Resorts, MAXX, Jaz in the City, IntercityHotel, Zleep Hotels, Steigenberger Icon and Song Hotels. In addition, H World likewise has the rights as master franchisee for Mercure, Ibis and Ibis Styles, and co-development rights for Grand Mercure and Novotel, in the pan-China area. H World’s organization consists of rented and owned, manachised and franchised designs. Under the lease and ownership design, H World straight runs hotels usually found on rented or owned homes. Under the manachise design, H World handles manachised hotels through the on-site hotel supervisors that H World selects, and H World gathers charges from franchisees. Under the franchise design, H World offers training, appointments and assistance services to the franchised hotels, and gathers costs from franchisees however does not designate on-site hotel supervisors. H World uses a constant requirement and platform throughout all of its hotels. Since December 31, 2022, H World runs 13 percent of its hotel spaces under lease and ownership design, and 87 percent under manachise and franchise designs. source The Best Amsterdam hotel Deals Click the button listed below to get the very best discount rates on hotels in Amsterdam. Check All Deals ➡ Visit Amsterdam? Get The I-Amsterdam City Card and Save! The I-Amsterdam City Card is an All-In-One Amsterdam Discovery Card that includes Free Public transportation, complimentary entry to 70 museums, complimentary canal boat trips, complimentary bike leasing, and a lot more! Click the button listed below to understand more More Info ➡

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