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SEGMENT

6 Months Ended

Jun. 30, 2024

SEGMENT

SEGMENT

13.SEGMENT

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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 used adjusted EBITDA, which is defined as EBITDA before share-based compensation expenses, gain (loss) from fair value changes of equity securities, foreign exchange gain (loss) and gain (loss) on disposal of investments, as segment profit measure as the CODM used adjusted EBITDA to evaluate the performance of each segment.

The following table provides a summary of the Group’s operating segment results for the six months ended June 30, 2023 and 2024.

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Six Months Ended June 30,

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2023

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2024

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Legacy

Legacy

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Legacy

Legacy

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​

​

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Huazhu

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DH

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Elimination

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Total

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Huazhu

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DH

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Elimination

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Total

Leased and owned hotels

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4,486

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1,980

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—

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6,466

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4,507

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2,273

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(0)

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6,780

Manachised and franchised hotels

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3,366

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47

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(3)

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3,410

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4,347

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55

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(5)

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4,397

Others

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90

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45

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(1)

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134

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222

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30

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(3)

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249

Total revenues

7,942

2,072

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(4)

10,010

9,076

2,358

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(8)

11,426

Adjusted EBITDA

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2,801

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3

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(1)

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2,803

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3,393

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69

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(1)

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3,461

Interest income

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101

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107

Interest expense

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224

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167

Income tax expense

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502

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702

Depreciation and amortization

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721

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674

Share-based compensation

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61

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170

Loss from fair value changes of equity securities

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6

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13

Foreign exchange (gain) loss, net

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(99)

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116

Gain on disposal of investments

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(516)

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—

Net income attributable to H World Group Limited

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2,005

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1,726

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

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As of

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December 31, 2023

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June 30, 2024

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Legacy

Legacy

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Legacy

Legacy

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Huazhu

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DH

Total

Huazhu

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DH

Total

Total assets

44,285

19,247

63,532

43,014

19,438

62,452

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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.

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​	​	​	​	​
Revenues:		Six Months Ended June 30,
​		2023		2024
China	​	7,927		9,056
Germany	​	1,532		1,691
All others	​	551		679
Total	​	10,010		11,426

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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,		June 30,
​	​	2023	​	2024
China	​	28,762		28,257
Germany	​	12,504		12,559
All others	​	3,439		3,545
Total	​	44,705		44,361

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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 six months ended June 30, 2023 and 2024, and 10% of the above long lived assets as of December 31, 2023 and June 30, 2024.

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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.

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