Overview
- Hotel GMV reached RMB 30.6 billion, up 17.5% year over year, signaling robust demand across the network.
- Revenue from manachised and franchised hotels rose 27.2% to RMB 3.3 billion, underscoring the asset-light growth engine.
- H Rewards surpassed 300 million members, with 66 million room nights booked in Q3, up 19.7% from a year earlier.
- The group opened 749 hotels in the quarter and has surpassed 2,000 openings year to date, with management reaffirming the 2025 target of 2,300 gross openings.
- As of September 30, H World operated 12,702 hotels with 1,246,240 rooms globally, expanding into 89 additional Chinese cities year on year.