H World Group Limited announced the launch of Hanting Inn, a new economy hotel brand designed for asset-light growth. The brand features lower investment thresholds, simplified construction standards, and greater flexibility to penetrate lower-tier cities and price-sensitive markets. Supported by H World's supply chain, digital platforms, and 300+ million member loyalty ecosystem, Hanting Inn aims to make quality accommodation part of everyday travel infrastructure.

China's State Administration for Market Regulation has launched an investigation into Trip.com for anti-competitive behavior, specifically focusing on its hotel booking operations. The company controls over 60% of China's online travel market through direct operations and strategic investments in competitors. Trip.com's stock plunged 22% over four trading days following the announcement. The company may face significant fines and be forced to divest holdings in rivals like Tongcheng and Qunar, as well as end exclusivity practices with hotels.

H World Group has reopened the historic Steigenberger Icon Europäischer Hof Baden-Baden hotel after extensive renovations, marking a milestone in preserving heritage while modernizing the property with 126 rooms and contemporary amenities.

Jin Jiang, one of China's largest hotel groups, is planning to relist on the Hong Kong stock exchange just three years after privatizing. The company's profit has tumbled over 80% in the first quarter as Chinese travelers cut back on spending, raising questions about the timing and rationale behind the relisting plan.

H World Group reported a 7.8% year-over-year increase in Q4 revenue, beating estimates. The company also approved a $300 million dividend and projected 6% revenue growth for 2025.

The report covers three key strategies for lodging companies to achieve net zero emissions: green buildings, reducing single-use plastics and food waste, and climate adaptation and water management. Marriott is leading the race to net zero among the 18 major lodging companies analyzed.

The China hotel market is expected to grow significantly from 2023 to 2032, driven by economic growth, rising domestic and international tourism, and the development of Shanghai as a key hub. Major hotel chains and local brands are expanding their presence in the country, leading to increased competition and more options for travelers.

SHANGHAI, July 02, 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 (i) Mr. Shangzhi Zhang will step down as a director of the board of directors of the Company (the “Board”) and serve as an observer of the Board, effective from July 2, 2024, and (ii) Ms. Jie Zheng, a senior advisor of the Company and a supervisory board member of Steigenberger Hotels GmbH, a subsidiary of the Company, will serve as an executive director of the Board, effective from the same date.

SHANGHAI, June 27, 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 the 2024 annual general meeting of the Company (the “AGM”) was held on June 27, 2024. During the AGM, the following proposed resolutions were duly passed:

H World's (HTHT) first-quarter 2024 results reflect growth in hotel openings and increased RevPAR, driving notable contributions from its two reportable segments.

Here is how H&R Block (HRB) and H World Group (HTHT) have performed compared to their sector so far this year.

SINGAPORE and SHANGHAI, China, May 17, 2024 (GLOBE NEWSWIRE) -- H World Group Limited (NASDAQ: HTHT and HKEX: 1179) (“H World”, the “Company”, “we” or “our”), a key player in the global hotel industry, today announced its unaudited financial results for the first quarter ended March 31, 2024.