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REVENUE FROM CONTRACTS WITH CUSTOMERS
 6 Months Ended
Jun. 30, 2024
REVENUE FROM CONTRACTS WITH CUSTOMERS  
REVENUE FROM CONTRACTS WITH CUSTOMERS

3.REVENUE FROM CONTRACTS WITH CUSTOMERS

Disaggregated Revenues

The following tables present the Group’s revenues disaggregated by the nature of the product or service:

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Six Months Ended

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June 30, 

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2023

    

2024

Room revenues

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5,507

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5,741

Food and beverage revenues

 

635

 

656

Others

 

324

 

383

Leased and owned hotels revenue

 

6,466

 

6,780

Initial one-time license/franchise fee

 

54

 

64

On-going management and service/royalty fees

 

1,232

 

1,536

Central reservation system usage fees, other system maintenance and support fees

 

1,152

 

1,522

Reimbursements for hotel manager fees

 

600

 

817

Other fees

 

372

 

458

Manachised and franchised hotels revenues

 

3,410

 

4,397

Other revenues

 

134

 

249

Total revenues

 

10,010

 

11,426

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Contract Balances

The Group’s contract assets are insignificant at December 31, 2023 and June 30, 2024.

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As of

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December 31, 

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June 30, 

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2023

    

2024

Current contract liabilities

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1,637

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1,760

Long-term contract liabilities

 

1,072

 

1,182

Total contract liabilities

 

2,709

 

2,942

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The contract liabilities balances above are classified as deferred revenue on the consolidated balance sheet, as of December 31, 2023 and June 30, 2024. The Group recognized revenues that were previously deferred as contract liabilities of RMB403 and RMB495 during the six months ended June 30, 2023 and 2024, respectively.