H WORLD GROUP LIMITED Fourth Quarter and Full Year of 2023 Earnings Call
H World Group Limited
(NASDAQ: HTHT and HKEX: 1179)
March 21, 2024
AGENDA
01 | 02 | 03 | 04 |
2023 Review and | 23Q4 and FY23 | Q and A | Appendix |
2024 Focus | Operational and | ||
Financial Review |
3
Strong RevPAR Recovery in China
RevPAR
Blended RevPAR in 2023 Compared to 2019
RevPAR Recovery
140%
132% | ||||
127% | 128% | 128% | 123% | |
120% | 123% | 120% | ||
115% | 117% | |||
96%
* Numbers in this page refers to Legacy-Huazhu business | H World |
Continued Network Expansion in China
Number of Hotel Opening | Number of Hotel Closure |
Legacy-Huazhu excl. economy soft brand | Total hotel closure |
Hotel closure excl. low quality economy soft brand and Hanting 1.0 | |
1,641 | 789 |
4
Number of Hotel in Pipeline
(as of Dec 31)
3,061
1,236
539
237
273
2,544
2022 | 2023 | 2022 | 2023 |
20222023
* Numbers in this page refers to Legacy-Huazhu business | H World |
5
Economy and Midscale as the Core Products Serving the Mass Market
务
Number of Hotels in Operation | Number of Hotels in Pipeline | Number of Hotel Opening |
(as of Dec 31) | (as of Dec 31) |
Legacy-Huazhu excl. soft economy hotels
Economy Midscale Upper midscale and above Economy Midscale Upper midscale and above Economy Midscale Upper midscale and above
8,411 | 9,263 | 3,061 | 1,641 |
8% | |||
7% | 15% | 10% | |
2,544 | 1,236 | ||
34% | 38% | 14% | |
10% | |||
49% | 46% | ||
45% | 43% |
2022 | 2023 | 2022 | 2023 | 2022 | 2023 |
* Numbers in this page refers to Legacy-Huazhu business | H World |
6
Consistent Product Upgrade for Hanting Hotel
Increasing Proportion of
Hanting 2.7 and above
Hanting 1.0
Hanting 2.7 and above
71.2%
61.3%
50.3%
34.4%
28.5%
15.7%
8.8%
4.4%
2020 | 2021 | 2022 | 2023 |
- Numbers in this page refers to Legacy-Huazhu business
- Proportion of Hanting 1.0 and proportion of Hanting 2.7 and above are divided by total number of Hanting Hotels
7
Launching JI Hotel 5.0
5.0
8
Orange LOHAS Gaining Popularity
Proportion of Orange LOHAS in Pipeline
(as of Dec 31 2023)
Orange LOHAS
Others
42%
58%
* Numbers in this page refers to Legacy-Huazhu business
Further Penetration to Lower Tier Cities in China
9
Number of Hotels in Operation
(as of Dec 31)
Number of Hotels in Pipeline
(as of Dec 31)
City Coverage
(hotels in operation and in pipeline)
Tier-1 | Tier-2 | Tier-3, 4 and below |
9,263
8,411
40%
38%
Tier-1Tier-2
2,544
57%
Tier-3, 4 and below
3,061
55%
2,000
1,257
1,126
43%
42%
35%
36%
19%18%
20222023
8%
2022
9%
2023
2022 | 2023 | Future Target |
* Numbers in this page refers to Legacy-Huazhu business | H World |
10
Regional Headquarters Achieved Promising Results
Number of New Signings Increased Significantly for Less Penetrated Areas
(new signings excl. soft brand)
South China | West China | Central China |
Compare to 2019 200%+ | 130%+ | Compare to 2019 110%+ |
Compare to 2019 | ||
YoY 100%+ |
YoY 80%+ | YoY 40%+ |
2019 | 2022 | 2023 | 2019 | 2022 | 2023 | 2019 | 2022 | 2023 |
H World
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Huazhu Group Ltd. published this content on 20 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 March 2024 22:14:03 UTC.
