H World Announces Q2 and Interim of 2023 Financial Results Q2 - Seite 2

Jin Hui, CEO of H World commented: "The strong recovery continues to be largely driven by ADR growth in the second quarter, which reflected a combination of product mix change and product upgrades, as well as market penetration and synergy via our regional offices. Continued increases in our franchisees' confidence level led us to enjoy a historical high of new hotels signed during the quarter. Regarding our overseas business, our DH business recovery improved sequentially, and EBITDA turned positive in the second quarter."

As a leading player in the hotel industry in China and one of the fastest-growing hotel groups in the world, H World has achieved its RevPAR growth momentum by consistently upgrading its brands and services, helping the Group to recover from uncertainty and maintain its rapid growth. By focusing on economy and midscale as the core products, serving the mass market, and implementing a strategy to further develop the upper-midscale segment, the Group has successfully achieved its vision of high-quality brand development. Meanwhile, the Group also focused on digital development to empower growth, to accomplish a higher quality, more efficient, and stable operational model and enhance consumer stickiness. Meanwhile, H World was ranked 6^th in the "Top 200 Global Hotel Groups 2022" list published by HOTELS Magazine in the United States, which reflects the rapid development and increasing comprehensive competitiveness of the Group. In the future, the Group will continue to adhere to its sustainable and high-quality development path and sharpen its performance to bring long-term stable returns to shareholders.

About H World Group Limited:
Originated in China, H World Group Limited is a key player in the global hotel industry. H World's 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. In addition, H World also has the rights as master franchisee for Mercure, Ibis and Ibis Styles, and co-development rights for Grand Mercure and Novotel, in the pan-China region.