H World Group Limited Schedules Fourth Quarter and Full Year of 2022 Earnings Release on March 27, 2023

Rhea-AI Summary

H World Group Limited (NASDAQ: HTHT) will announce its Q4 and full-year 2022 financial results on March 27, 2023, after trading hours in Hong Kong and before the U.S. market opens. A conference call is scheduled for 9 p.m. ET on the same day, where management will discuss the results. As of December 31, 2022, H World operated 8,543 hotels with 809,478 rooms across 17 countries. The company employs a mix of lease, ownership, manachised, and franchised models, with 13% of hotel rooms under lease and ownership, and 87% under manachise and franchise models.

Positive

• H World operates 8,543 hotels and 809,478 rooms, indicating strong market presence.
• Diverse business model with 87% of hotels under manachise and franchise models supports operational flexibility.

Negative

• None.

SINGAPORE and SHANGHAI, China, March 10, 2023 (GLOBE NEWSWIRE) -- H World Group Limited (NASDAQ: HTHT and HKEX: 1179) (“H World”, “we” or “our”) a key player in the global hotel industry, today announced that it will schedule to release its unaudited financial results for the fourth quarter and full year of 2022 on Monday, March 27, 2023 (Hong Kong time), after the trading hours of The Stock Exchange of Hong Kong Limited and before the opening of the U.S. market.

H World’s management will host a conference call at 9 p.m. (U.S. Eastern time) on Monday, March 27, 2023 (or 9 a.m. (Hong Kong time) on Tuesday, March 28, 2023) following the announcement.

To join by phone, all participants must pre-register this conference call using the Participant Registration link of https://register.vevent.com/register/BI1dea8c835421451bbf17968e92f691d6. Upon registration, each participant will receive details for the conference call, including dial-in numbers, conference call passcode and a unique access PIN.

A live webcast of the call can be accessed at https://edge.media-server.com/mmc/p/7kgpb5k3 or the Company’s website at https://ir.hworld.com/news-and-events/events-calendar.

A replay of the conference call will be available for twelve months from the date of the conference at the Company’s website, https://ir.hworld.com/news-and-events/events-calendar.

About H World Group Limited
Originated in China, H World Group Limited is a key player in the global hotel industry. As of December 31, 2022, H World operated 8,543 hotels with 809,478 rooms in operation in 17 countries. 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.

H World’s business includes leased and owned, manachised and franchised models. Under the lease and ownership model, H World directly operates hotels typically located on leased or owned properties. Under the manachise model, H World manages manachised hotels through the on-site hotel managers that H World appoints, and H World collects fees from franchisees. Under the franchise model, H World provides training, reservations and support services to the franchised hotels, and collects fees from franchisees but does not appoint on-site hotel managers. H World applies a consistent standard and platform across all of its hotels. As of December 31, 2022, H World operates 13 percent of its hotel rooms under lease and ownership model, and 87 percent under manachise and franchise models.

For more information, please visit H World’s website: https://ir.hworld.com.

Safe Harbor Statement Under the U.S. Private Securities Litigation Reform Act of 1995: The information in this release contains forward-looking statements which involve risks and uncertainties. Such factors and risks include our anticipated growth strategies; our future results of operations and financial condition; economic conditions; the regulatory environment; our ability to attract and retain customers and leverage our brands; trends and competition in the lodging industry; the expected growth of demand for lodging; and other factors and risks detailed in our filings with the U.S. Securities and Exchange Commission. Any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements, which may be identified by terminology such as “may,” “should,” “will,” “expect,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “forecast,” “project” or “continue,” the negative of such terms or other comparable terminology. Readers should not rely on forward-looking statements as predictions of future events or results.

H World undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law.

Contact Information
Investor Relations
Tel: +86 (21) 6195 9561
Email: ir@hworld.com
https://ir.hworld.com

FAQ

When will H World Group Limited release its Q4 2022 financial results?

H World Group Limited will release its Q4 and full-year 2022 financial results on March 27, 2023.

What is the schedule for the H World conference call?

The conference call is scheduled for 9 p.m. ET on March 27, 2023.

How many hotels does H World operate as of December 31, 2022?

H World operates 8,543 hotels with 809,478 rooms in operation.

What percentage of H World's hotel rooms are under lease and ownership?

As of December 31, 2022, 13% of H World's hotel rooms are under the lease and ownership model.