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RELATED PARTY TRANSACTIONS AND BALANCES
 12 Months Ended
Dec. 31, 2023
RELATED PARTY TRANSACTIONS AND BALANCES  
RELATED PARTY TRANSACTIONS AND BALANCES

22.RELATED PARTY TRANSACTIONS AND BALANCES

Parties are considered to be related if one party has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operational decisions. Parties are also considered to be related if they are subject to common control or common significant influence. Related parties may be individuals or corporate entities.

The following entities are considered to be related parties to the Group. The related parties mainly act as service providers and service recipients to the Group. The Group is not obligated to provide any type of financial support to these related parties.

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Related Party

    

Nature of the Party

    

Relationship with the Group

Trip.com Group Limited (“Trip.com”)

 

Online travel services provider

 

Mr. Qi Ji is a director Shareholder of the Group

Sheen Star Group Limited (“Sheen Star”)

 

Investment holding company

 

Equity method investee of the Group, controlled by Mr. Qi Ji

Accor Hotels (“Accor”)

 

Hotel Group

 

Shareholder of the Group up to December 2021

China Cjia Group Limited (“Cjia Group”)

 

Apartment Management Group

 

Equity method investee of the Group

Shanghai Zhuchuang Enterprise Management Co., Ltd. (“Zhuchuang”)

 

Staged office space company

 

Equity method investee of the Group

Shanghai Lianquan Hotel Management Co., Ltd. (“Lianquan”)

 

Hotel management company

 

Equity method investee of the Group

Suzhou Huali Jinshi Construction Decoration Co., Ltd.
(“Huali Jinshi”)

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Building decoration company

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Equity method investee of the Group up to August 2022

Shenzhen Hitone Investment Fund Partnership (LLP) ( “Hitone”)

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Fund

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Equity method investee of the Group

Huamai (Guangzhou) Hotel Management Co., Ltd. (“Huamai”)

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Hotel management company

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Equity method investee of the Group

Azure Hospitality Fund I Limited Partnership (LLP) (“Azure”)

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Fund

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Equity method investee of the Group

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(a) Related party balances

Amounts due from related parties consist of the following:

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As of December 31, 

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2022

    

2023

Trip.com

 

73

 

174

Lianquan

 

46

 

45

Huamai

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—

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22

Zhuchuang

 

24

 

14

Cjia Group

 

28

 

9

Sheen Star

 

29

 

—

Others

 

21

 

34

Allowance for expected credit losses

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(37)

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(63)

Total

 

184

 

235

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Amounts due to related parties consist of the following:
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As of December 31, 

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2022

    

2023

Trip.com

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38

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48

Cjia Group

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26

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16

Others

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7

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13

Total

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71

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77

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(b) Related party transactions

During the years ended December 31, 2021, 2022 and 2023, significant related party transactions were as follows:

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Years Ended December 31, 

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2021

    

2022

    

2023

Commission expenses to Trip.com

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99

 

55

 

260

Lease expenses to Trip.com

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19

 

19

 

19

Lease expenses to Cjia Group

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12

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31

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37

Service fee to Huali Jinshi

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42

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—

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—

Brand use fee, reservation fee and other related service fee to Accor

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22

 

—

 

—

Goods sold and service provided to Cjia Group

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11

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4

 

17

Loan payment to Hitone

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5

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—

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—

Service fee from Trip.com

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62

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93

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112

Service fee from Accor

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3

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—

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—

Service fee from Sheen Star

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5

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4

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5

Service fee from Azure

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—

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5

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17

Sublease income from Lianquan

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10

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12

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10

Sublease income from Cjia Group

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6

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5

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5

Interest income from Sheen Star

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—

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—

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10

Business acquisition of CitiGO from Cjia Group

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783

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—

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—

Business acquisition of one individual company from Cjia Group

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51

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—

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—

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