H World Group Ltd. (CL4)

Overview

H World Group Limited, through its extensive portfolio of subsidiaries, specializes in the development of a diverse range of hotel operations, including leased and owned, manachised (a combined model of franchise and management), and purely franchised hotels predominantly across the People's Republic of China. The company's success in the hospitality industry is mirrored through its management of several proprietary brands, showcasing a wide spectrum of accommodations that cater to various market segments. Among these brands are HanTing Hotel, Ni Hao Hotel, Hi Inn, Elan Hotel, Zleep Hotels, Ibis Hotel, JI Hotel, Orange Hotel, Starway Hotel, Ibis Styles Hotel, CitiGO Hotel, Crystal Orange Hotel, IntercityHotel, Manxin Hotel, Mercure Hotel, Madison Hotel, Novotel Hotel, Joya Hotel, Blossom House, Steigenberger Hotels & Resorts, MAXX by Steigenberger, Jaz in the City, Grand Mercure, Steigenberger Icon, and Song Hotels. Originally operating under the name Huazhu Group Limited, the corporation rebranded to H World Group Limited in June 2022, signaling a strategic evolution in its brand identity and mission. Founded in 2005 and headquartered in Shanghai, H World Group has established itself as a dominant player in China's hotel industry, leveraging its diversified brand portfolio to cater to a wide array of customer preferences and market demands.

Products and Services

• Leased and Owned Hotels - H World Group invests in real estate to develop hotels that are either leased to operators or owned outright. This allows for direct control over property management, ensuring the delivery of quality services in alignment with brand standards.
• Manachised Hotels - The company's unique manachising model blends the management and franchising of hotels, offering comprehensive support services to franchisees while ensuring that operational standards are met. This model benefits franchise operators with the company's expertise in hotel management while maintaining the autonomy of franchising.
• Franchised Hotels - Through its franchising model, H World Group extends its brand and operational standards to independent operators, enabling them to leverage the company’s established reputation and customer base. This model supports a wide network of franchised hotels across various market segments.
• Branded Hotels - The company operates a diverse portfolio of hotels under various brands, each targeted at different customer demographics and preferences. This includes budget hotels, such as Hi Inn and Elan Hotel, mid-scale hotels like JI Hotel and Orange Hotel, and luxury accommodations under brands such as Steigenberger Hotels & Resorts and Grand Mercure.