Exhibit 99.1 Contact Information Investor Relations Tel: +86 (21) 6195 9561 Email: ir@hworld.com https://ir.hworld.com H World Group Limited Reports Second Quarter and Interim of 2024 Unaudited Financial Results · A total of 10,286 hotels or 1,001,865 hotel rooms in operation as of June 30, 2024. · Hotel turnover increased 15.5% year-over-year to RMB23.4 billion in the second quarter of 2024. Excluding Steigenberger Hotels GmbH and its subsidiaries ("DH", or "Legacy-DH"), hotel turnover from the Legacy-Huaz ...

Group 1 - H World Group (HTHT) has reached a key level of support and recently crossed above the 20-day moving average, indicating a short-term bullish trend [1] - The 20-day simple moving average (SMA) is favored by traders as it smooths out price fluctuations and provides trend reversal signals [1] - HTHT shares have increased by 10.1% over the past four weeks, and the stock is currently rated as Zacks Rank 3 (Hold), suggesting potential for continued gains [3] Group 2 - There have been two upward revisions in HTHT's earnings estimates for the current fiscal year, with no downward revisions, indicating a positive outlook [3] - The consensus earnings estimate for HTHT has also moved up, reinforcing the bullish sentiment among investors [3] - Given the technical indicators and positive earnings revisions, HTHT is positioned for potential further gains in the near future [3]

SINGAPORE and SHANGHAI, Sept. 03, 2024 (GLOBE NEWSWIRE) -- H World Group Limited (NASDAQ: HTHT and HKEX: 1179) ("H World" or the "Company"), a key player in the global hotel industry, today announced that Mr. Jun Zou will resign as the chief financial officer of the Company for personal reasons, effective on September 4, 2024. Ms. Hui Chen, the chief compliance officer of the Company, has been appointed as the chief financial officer of the Company, effective on September 4, 2024. Ms. Chen has deep financia ...

Thomas BarwickSummary I am positive on H World Group Limited (NASDAQ:HTHT). My summarized thesis is that the domestic travel & leisure industry in China is still very robust. Flight volume data has recovered very strongly and is seeing no signs of weakness even in July. I see this as a strong indicator of hotel demand, which is a big positive for HTHT. In addition, HTHT is executing very well on various growth initiatives that should better position it to capture demand. Given my positive outlook, I don ...

Investment Rating - Maintain "Buy" rating for Huazhu Group-S (1179 HK) [1] Core Views - Huazhu Group demonstrated resilience in Q2 2024 with revenue of RMB 6 15 billion (+11 2% YoY) and net profit attributable to shareholders of RMB 1 067 billion (+5% YoY) [1] - The company achieved a milestone of 10 286 global hotels with 10 150 under the Huazhu brand including 9 558 franchised hotels [1] - Huazhu Group announced a 3-year shareholder return plan including up to $2 billion in dividends and a $1 billion share repurchase program [1] Financial Performance - Q2 2024 revenue reached RMB 6 15 billion (+11 2% YoY) at the upper end of guidance [1] - Net profit attributable to shareholders was RMB 1 067 billion (+5% YoY) [1] - EBITDA reached RMB 1 9 billion with adjusted EBITDA of RMB 2 billion (+11% YoY) [1] - Huazhu brand contributed RMB 1 033 billion in net profit (+4% YoY) while DH segment contributed RMB 34 million (+54 5% YoY) [1] Expansion and Market Position - Total hotels reached 10 286 globally with 10 150 under Huazhu brand [1] - 567 new hotels opened in Q2 with net openings of 466 [1] - Pipeline hotels increased to 3 258 [1] - Full-year new hotel opening target raised from 1 800 to 2 200 [1] Operational Metrics - Huazhu brand RevPAR was RMB 244 (-2% YoY) with OCC of 82 6% (+0 7pct YoY) and ADR of RMB 296 (-2 9% YoY) [1] - DH brand RevPAR was €82 (+4 5% YoY) with ADR of €120 (+2 7% YoY) and OCC of 68 3% (+1 2pct YoY) [1] - Q3 2024 revenue growth guidance of 2-5% [1] Shareholder Returns - 3-year shareholder return plan announced with up to $2 billion in dividends [1] - Semi-annual dividends with annual payout ratio of at least 60% of net profit [1] - $1 billion share repurchase program approved effective August 21 2024 [1] Financial Forecasts - 2024-2026 revenue forecast at RMB 23 396 million RMB 24 774 million and RMB 25 953 million respectively [2] - 2024-2026 net profit forecast at RMB 4 165 million RMB 4 438 million and RMB 4 711 million respectively [2] - 2024-2026 EPS forecast at RMB 1 30 RMB 1 38 and RMB 1 47 respectively [2] - 2024-2026 PE ratios forecast at 16x 15x and 14x respectively [2] Valuation Metrics - Current price: HK$22 65 [2] - 2024-2026 PB ratios forecast at 4 1x 3 2x and 2 6x respectively [2] - 2024-2026 EV/EBITDA ratios forecast at 11 46x 10 79x and 10 19x respectively [6]

Klaus Vedfelt My investment rating for H World Group Limited (NASDAQ:HTHT) [1179:HK] stays as a Hold. On the positive side of things, HTHT offers a potential mid-single digit percentage shareholder yield. On the negative side of things, H World's below-expectations Q3 revenue guidance indicates that there are short-term headwinds for the company. As such, I continue to have a Neutral view of HTHT. The outlook for HTHT in the near term and long run was the subject of my June 9, 2024 write-up. I take a closer ...

Investment Rating - The report maintains a "Buy" rating for Huazhu Group-S (01179 HK) and Huazhu (HTHT O) [4] Core Views - Huazhu Group reported strong Q2 2024 results with revenue of 6 15 billion CNY (+11 2% YoY) and adjusted net profit of 1 25 billion CNY (+16 9% YoY) [1] - Domestic occupancy rate (Occ) outperformed ADR while international markets saw growth in both volume and price [1] - Operational efficiency improved with reductions in rent depreciation and consumables costs [1] - The company achieved a milestone of 10 000 domestic hotels and raised its full-year store opening guidance from 1 800 to 2 200+ [1] Financial Performance - Q2 2024 domestic RevPAR was 244 CNY (-2% YoY) with ADR at 296 CNY (-3% YoY) and Occ at 82 6% (+1pp YoY) [1] - International RevPAR grew 5% YoY to 82 EUR with ADR at 120 EUR (+3% YoY) and Occ at 68 3% (+1pp YoY) [1] - H1 2024 revenue reached 11 43 billion CNY (+14 1% YoY) with adjusted net profit of 2 03 billion CNY (+39 0% YoY) [1] Store Expansion - Q2 2024 saw a net increase of 466 domestic hotels (567 new openings) bringing the total to 10 150 [1] - The pipeline of hotels under development increased to 3 294 (3 266 domestic) up by 156 from Q1 2024 [1] - H1 2024 saw 1 136 new openings with 1 064 remaining to meet the revised full-year target [1] Valuation and Forecast - The report forecasts 2024-2026 net profits of 4 2/4 8/5 4 billion CNY respectively [2] - A 24x PE valuation for 2024 implies a fair value of 35 29 HKD/share for HK-listed shares and 45 38 USD/ADS for US-listed shares [2] Financial Ratios - 2024E revenue growth is projected at 10 7% with EBITDA of 7 287 million CNY [3] - ROE is expected to be 25 6% in 2024E declining to 19 9% by 2026E [3] - Net profit margin is forecasted at 17 5% in 2024E increasing to 18 8% by 2026E [3]

Investment Rating - The report assigns a rating of "Accumulate" for the company [4][5]. Core Insights - The company's performance meets expectations, with macroeconomic fluctuations causing a slowdown in growth. However, the company has raised its store opening guidance, indicating an expansion in market share [4][5]. - The adjusted net profit for 2024 has been increased to 4.488 billion RMB (+2.58 billion), while the adjusted net profit for 2025 and 2026 has been lowered to 4.978 billion and 5.943 billion RMB respectively [5]. - The target price is maintained at 42.50 HKD based on an industry average PE of 25x for 2025 [5]. Financial Summary - Revenue for 2023 is projected at 21.882 billion RMB, with a year-on-year growth of 57.86%. The adjusted net profit for 2023 is expected to be 4.085 billion RMB [4]. - The company’s revenue for Q2 2024 is reported at 6.148 billion RMB, reflecting an increase of 11.18%, with adjusted net profit at 1.254 billion RMB (+17.42%) [5]. - The RevPAR for Q2 2024 shows a slight decline of 2.0% year-on-year, with ADR down by 2.9% and occupancy rate up by 0.7 percentage points [5].

Investment Rating - The report maintains a "Buy" rating for the company, Huazhu Group, with a target price adjusted to HKD 28.0 and USD 35.4, reflecting potential upside of 26.7% and 27.8% respectively [2][3][5]. Core Insights - In Q2 2024, despite facing high base effects, Huazhu Group achieved revenue growth at the upper end of its guidance, with total revenue reaching RMB 6.15 billion, a year-on-year increase of 11.2% [2]. - The domestic RevPAR (Revenue per Available Room) for Huazhu Group decreased by 2% to RMB 244, but the company outperformed the market, with occupancy rates improving by 0.7 percentage points [2]. - The report highlights an increase in operational efficiency, leading to a gross margin improvement of 2.3 percentage points, despite a rise in operating expense ratios due to expansion [2]. - The company has raised its store opening guidance, achieving its strategic goal of 10,150 domestic stores, with 567 new openings in Q2 2024 [2]. - The report anticipates a slowdown in revenue growth for Q3 2024 due to higher base effects, but believes the company can still meet its revenue guidance [2]. Financial Summary - For 2024E, the company is projected to generate revenue of RMB 23.87 billion, with a year-on-year growth of 9.1% [9]. - Adjusted net profit for 2024E is estimated at RMB 3.91 billion, reflecting a slight decrease of 4.3% compared to the previous year [9]. - The report provides a detailed financial forecast, including EBITDA margins and return on equity metrics, indicating a positive trend in profitability despite market challenges [9][10].

Investment Rating - The investment rating for the company is "Outperform the Market" [1][3][20] Core Views - In Q2 2024, the company reported a revenue of 6.1 billion yuan, an increase of 11.2%, which is at the upper limit of the previous guidance of 7-11% [1][6] - The adjusted net profit for Q2 2024 grew by 17%, reaching 1.254 billion yuan, while the adjusted EBITDA was 2.04 billion yuan, up 15.1% [1][6] - The company has revised its full-year store opening guidance from 1,800 to 2,200 stores, indicating an acceleration in expansion [1][11] - The company expects Q3 2023 revenue growth to be between 2-5%, which is significantly lower than Q2 due to external environment changes and high base effects [1][17] - The company announced a shareholder return plan of up to 2 billion USD over the next three years, with a minimum annual dividend payout ratio of 60% [1][19] Summary by Sections Financial Performance - Q2 2024 revenue was 6.1 billion yuan, up 11.2% year-on-year, with domestic revenue contributing 4.83 billion yuan, also up 11.1% [1][6] - The adjusted net profit for Q2 was 1.254 billion yuan, reflecting a 16.9% increase, while the adjusted EBITDA was 2.04 billion yuan, up 15.1% [1][6] - The company’s overall adjusted EBITDA for Q2 showed a growth of 15.1%, with domestic and overseas adjusted EBITDA increasing by 14.0% and 35.1% respectively [1][6] Market Position - The company’s domestic RevPAR decreased by 2% year-on-year in Q2 2024, but it outperformed the industry average, which saw a decline of approximately 7-8% [1][11] - The company’s strong brand and operational capabilities are highlighted as key competitive advantages, especially in the face of OTA commission pressures [1][11] Expansion Plans - The company opened a record 567 new stores in Q2 2024, bringing the total number of domestic stores to 10,150, with a store reserve of 3,266 [1][11] - The revised full-year opening target of 2,200 stores reflects the company’s commitment to aggressive expansion [1][11] Future Outlook - The company anticipates a revenue growth of 2-5% for Q3 2023, which is lower than Q2 due to external factors and high base effects from the previous year [1][17] - The adjusted net profit forecasts for 2024-2026 have been revised down to 4.07 billion, 4.54 billion, and 5.16 billion yuan respectively [1][19]