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H World Group Limited

From Wikipedia, the free encyclopedia
Chinese hotel management company
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H World Group Limited
Company typePublic
NasdaqHTHT
IndustryHospitality Management
Founded2005; 20 years ago (2005)
FounderJi Qi
Headquarters,
SubsidiariesH World International

H World Group Limited (simplified Chinese:华住酒店集团;traditional Chinese:華住酒店集團;pinyin:Huázhù Jiǔdiàn Jítuán), formerlyHuazhu Hotels Group in English, is a hotel management company inChina. In 2010, H World Group was listed onNasdaq; in September 2020, H World Group achieved a secondary listing on the Main Board of the Hong Kong Stock Exchange. In January 2023, H World was listed in the Hurun China 500 Most Valuable Private Companies 2022 and ranked No. 126.[2] Its headquarters are inJiading District,Shanghai.[1]

As of September 2025, H World operates 12,702 hotels with 1,246,240 rooms globally[3], making it one of the world's largest hotel chains.[4]

History

[edit]

In August 2005, the first HanTing Hotel was built.[5] The first hotel of the group was opened byKunshan Railway Station for a trial operation in August 2005.[5] Ji Qi (Chinese: 季琦;pinyin:Jì Qí),[6] the founder, stated that he got the idea to start the chain by reading a book discussingAccor.

In January 2010, the first JI Hotel was built.[7] In March 2010, HanTing Hotel Group, Inc. went public on the New York Stock Exchange.[8] In November 2012, the group's Chinese name was renamed to Huazhu Hotels Group.[9]

In December 2014, signed a long-term strategic alliance agreement with Accor inFrance,[10] which was finalized in January 2016.[11] In May 2015, former president Jenny Zhang was appointed chief executive officer.[12] In February 2017, the company wholly acquired Orange Crystal Hotel Group, which owns the brands Orange Crystal Hotel and Orange Hotel.[13] In April 2017, the company opened the first Manxin Hotel.[14]

In August 2018, Huazhu Hotels Group announced the completion of its strategic acquisition of the Chinese boutique resort hotel brand, Blossom.[15] In October 2019, the first overseas directly managed shop of JI Hotel was officially opened in Singapore's historic Orchard Road shopping district, as the first overseas hotel of Huazhu Hotels Group.[16] In November 2019, the company announced that one of their subsidiaries purchasedDeutsche Hospitality for 700 million euros.[17]

In January 2020, the company completed the acquisition of all equity interest inDeutsche Hospitality, whose hotel brands include Steigenberger, Steigenberger Icons, MAXX by Steigenberger, IntercityHotel andZleep Hotels.[18] In September 2020, the company achieved a secondary listing on the Main Board of the Hong Kong Stock Exchange under the ticker symbol 1179.HK.[19]

In March 2021, Huazhu and Sunac Cultural and Tourism established a joint venture - Yongle Huazhu Hotel Management Company Limited - to jointly develop the high-end hotel business.[20] In September 2022, the company changed its name to H World Group Limited, or H World.[21]

Corporate affairs

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Structure

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The group is composed of brands like HanTing Hotel,[5] JI Hotel,[22] Orange Hotel,[23] Hi Inn Hotel,[citation needed] Joya Hotel, Blossom House, Madison International Hotel, Crystal Orange Hotel, Manxin Hotel, Madison Hotel, CitiGO Hotel, Starway Hotel, NiHao Hotel, CJIA Apartment and Suisse Place.[24]

Under franchise agreements withAccor, 300 economy and middle-scale hotels have opened in China, mainly under the Ibis, Novotel, and Mercure brands.[25][better source needed]

China Lodging Holding Singapore, a wholly owned subsidiary of Huazhu Hotels Group, also acquired 100% equity interest in Deutsche Hospitality,[26] which has since been rebranded toH World International and operates brands such asSteigenberger andIntercityHotel.

Financial results

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Financial results[27]
Year201120122013201420152016201720182019202020212022
Revenue (RMB, in millions)2,2493,2244,1684,9655,7756,5738,22910,06311,21210,19612,78513,862
Net Income (RMB, in millions)1141752803074377741,2287161,769(2,192)(465)(1,821)

See also

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References

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  1. ^ab"Contact us". H World. Retrieved2024-09-12.1299, Fenghua Road, Jiading District, Shanghai, China -Chinese address: "中国上海市嘉定区丰华路1299弄"
  2. ^"2021 worldwide ranking of hotel groups: global leaders slow down but keep expanding their portfolios".Hospitality ON. Archived fromthe original on 18 March 2021. Retrieved2022-01-22.
  3. ^https://laotiantimes.com/2025/11/17/h-world-group-reports-solid-q3-2025-results-with-enhanced-profitability-and-continued-network-expansion/
  4. ^https://finance.yahoo.com/news/chinas-h-world-already-bigger-200915428.html
  5. ^abc"汉庭酒店16周年,回顾第一家汉庭酒店是如何创立的?".Rizhao Daily. 2021-08-24. Archived fromthe original on 2022-12-23. Retrieved2022-02-09.
  6. ^"华住酒店集团公布2013年第二季度财报 净利润同比增长37%,单季门店开业数量创新高" (Archive). Huazhu Hotels Group. July 30, 2014. Retrieved on July 30, 2014. "执行董事长兼CEO季琦在财报中披露"
  7. ^"The H World algorithm: How a Chinese brand keeps changing the hotel business - Caixin Global".www.caixinglobal.com. Retrieved2023-11-01.
  8. ^"京华网-做有态度的京华新闻网".www.jinghva.com. Retrieved2022-02-06.
  9. ^"汉庭创始人回归掀变革风暴 集团更名"华住"_科技_腾讯网".tech.qq.com. Retrieved2022-02-06.
  10. ^"Groundbreaking alliance between Accor and Huazhu (China Lodging) creates a hotel giant in China".Strategic Partnering. 2015-01-30. Retrieved2022-02-09.
  11. ^"AccorHotels and Huazhu finalize their strategic alliance"
  12. ^"China Lodging Group (HTHT) Names New CEO". Retrieved13 July 2015.
  13. ^"华住酒店36.5亿收购桔子水晶 收购后仍独立运营|界面新闻".www.jiemian.com. Retrieved2023-10-05.
  14. ^环球旅讯."华住漫心:瞄准年轻市场 仓促上阵还是胸有成竹? - 环球旅讯(TravelDaily)".www.traveldaily.cn (in Chinese). Retrieved2023-10-05.
  15. ^"Huazhu Group Limited Announces Acquisition of Blossom Hill Hotels & Resorts".H World Group Limited.
  16. ^"华住酒店集团海外首家酒店在新加坡开业_中国".www.sohu.com. Retrieved2023-10-06.
  17. ^"Nasdaq-listed Huazhu Group acquires Deutsche Hospitality".Business Traveller. Retrieved2023-01-03.
  18. ^Behuria, Preeti (2019-11-05)."China's Huazhu Group agrees to acquire Deutsche Hospitality for $780m".Hotel Management Network. Retrieved2023-10-05.
  19. ^"Huazhu Group Plans Secondary Listing in Hong Kong".Hospitality ON. Retrieved2023-10-05.
  20. ^"永乐华住获22家融创酒店管理授权-新华网".www.xinhuanet.com. Retrieved2023-10-06.
  21. ^MarketScreener (2022-08-01)."H World : COMPLETION OF REGISTRATION OF CHANGE OF NAME IN HONG KONG; - Form 6-K -August 01, 2022 at 09:55 am EDT | MarketScreener".www.marketscreener.com. Retrieved2023-10-06.
  22. ^"在新加坡设首个国际总部 华住创始人季琦分享心得 | 联合早报".www.zaobao.com.sg (in Simplified Chinese). Retrieved2023-11-15.
  23. ^"华住全资收购桔子水晶 但酒店行业的升级不止买买买-36氪".36kr.com. 2017-03-01. Retrieved2023-11-15.
  24. ^"H World Group Limited | LinkedIn".cn.linkedin.com. 2008-08-01. Retrieved2024-01-10.
  25. ^Net, Hospitality."Accor to sell a 1.5% stake in Huazhu for €239m".Hospitality Net. Retrieved2022-01-24.
  26. ^Fox, Jena Tesse (2019-11-04)."China's Huazhu drops €700M for Germany's Deutsche Hospitality".Hotel Management. Retrieved2022-01-24.
  27. ^"Annual Reports | Huazhu Group Limited".ir.huazhu.com. Retrieved2022-02-11.

Further reading

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  • Ruetz, David and Macy Marvel. "Budget Hotels: Low Cost Concepts in the U.S., Europe and Asia." In: Conrady, Roland and Martin Buck.Trends and Issues in Global Tourism 2011 (Volume 0 of Trends and Issues in Global Tourism).Springer Science & Business Media, February 4, 2011. Start p. 99.ISBN 3642177670, 9783642177675.

External links

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Media related toHuazhu Hotels Group at Wikimedia Commons

Accor
Ennismore
Best Western
BTG Homeinns
Choice Hotels
Global Hotel Alliance
H World Group
H World International
hihotels
Hilton
Hyatt
IHG
Indian Hotels Company (IHCL)
ITC Hotels
Jinjiang
Radisson (outside North America)
Marriott (list)
Okura Nikko
Shangri-La
Sonesta
Red Lion Hotels
Wyndham
Others
Defunct
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