Newsfilterยท2024-05-06 10:15Core Viewpoint - H World Group Limited, a significant player in the global hotel industry, is set to release its unaudited financial results for Q1 2024 on May 17, 2024, and will host a conference call on May 19, 2024, to discuss these results [1][2]. Company Overview - H World Group Limited operates 9,394 hotels with 912,444 rooms across 18 countries as of December 31, 2023 [3]. - The company's hotel brands include Hi 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 [3]. - H World holds master franchise rights for Mercure, Ibis, and Ibis Styles, along with co-development rights for Grand Mercure and Novotel in the pan-China region [3]. Business Model - H World employs a mix of leased and owned, manachised, and franchised hotel models [4]. - As of December 31, 2023, 11% of hotel rooms are operated under the lease and ownership model, while 89% are under manachise and franchise models [4]. - The company maintains a consistent standard and platform across all its hotels [4].