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SEGMENT

12 Months Ended

Dec. 31, 2023

SEGMENT

SEGMENT

16. SEGMENT

The Group’s chief operating decision maker (“CODM”) has been identified as the chief executive officer. The Group has two operating segments which are legacy Huazhu and legacy DH according to the way management intends to evaluate results and allocate resources within the Group. In identifying its reportable segments, the Group assesses nature of operating segments and evaluates the operating results of each reporting segments. Both operating segments meet the quantitative thresholds and should be considered as two reportable segments. The Group has changed the segment profit measure from EBITDA to adjusted EBITDA starting from the second quarter of 2023 as the CODM used adjusted EBITDA to evaluate the performance of each segment. Adjusted EBITDA has also been presented for the disclosure for prior period as the segment profit.

The following table provides a summary of the Group’s operating segment results for the years ended December 31, 2021, 2022 and 2023.

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​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	Years Ended December 31,
​	​	2021							​	2022							​	2023
​		Legacy Huazhu		Legacy DH		Elimination		Total		Legacy Huazhu		Legacy DH		Elimination		Total		Legacy Huazhu		Legacy DH		Elimination		Total
Total revenues		11,247		1,539		(1)	​	12,785		10,661		3,212		(11)	​	13,862		17,444		4,465		(27)	​	21,882
Adjusted EBITDA	​	2,032	​	(461)	​	(0)	​	1,571	​	725	​	(112)	​	(3)	​	610	​	6,772	​	103	​	(1)	​	6,874
Interest income		—		—	​	—	​	89		—		—		—	​	87		—		—	​	—	​	248
Interest expense		—		—	​	—	​	405		—		—		—	​	409		—		—	​	—	​	385
Income tax expense (benefit)		—		—	​	—	​	12		—		—		—	​	207		—		—	​	—	​	1,204
Depreciation and amortization		—		—	​	—	​	1,503		—		—		—	​	1,456		—		—	​	—	​	1,414
Share-based compensation		—	​	—		—	​	109		—		—	​	—	​	87		—		—	​	—	​	143
(Gain)loss from fair value changes of equity securities	​	—	​	—	​	—	​	96	​	—	​	—	​	—	​	359	​	—	​	—	​	—	​	(109)
Net (loss) income attributable to H World Group Limited		—	​	—	​	—	​	(465)	​	—	​	—	​	—	​	(1,821)	​	—	​	—	​	—	​	4,085

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The following table presents total assets for operating segments, reconciled to consolidated amounts:

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As of December 31,

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2022

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2023

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Legacy Huazhu

Legacy DH

Total

Legacy Huazhu

Legacy DH

Total

Total assets

43,729

17,778

61,507

44,285

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19,247

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63,532

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The following tables represent revenues and property and equipment, net, intangible assets, net, right-of-use assets, land use rights, net and goodwill by geographical region.

Revenues:

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​	​	​	​	​	​	​
​	​	Years Ended December 31,
​		2021	​	2022		2023
China		11,231	​	10,637		17,393
Germany		1,263	​	2,458		3,324
All others		291	​	767		1,165
Total		12,785	​	13,862		21,882

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Property and equipment, net, intangible assets, net, right-of-use assets, land use rights, net and goodwill:

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​	​	​	​	​
​	​	As of December 31,
​		2022		2023
China		31,684		28,762
Germany		13,501		12,504
All others		3,288		3,439
Total		48,473		44,705

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Other than China and Germany, there were no countries that individually represented more than 10% of the total revenue for the years ended December 31, 2021, 2022 and 2023, and 10% of the above long lived assets as of December 31, 2022 and 2023.

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- References

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- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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