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RELATED PARTY TRANSACTIONS AND BALANCES (Tables)

12 Months Ended

Dec. 31, 2024

RELATED PARTY TRANSACTIONS AND BALANCES

Schedule of related parties


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
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
Huamai (Guangzhou) Hotel Management Co., Ltd. (“Huamai”)		Hotel management company		Equity method investee of the Group
Azure Hospitality Fund I Limited Partnership (LLP) (“Azure”)		Fund		Equity method investee of the Group

Schedule of amounts due from related parties


		As of December 31,
		2023		2024
Trip.com		174		284
Lianquan		45		49
Huamai		22		26
Cjia Group		9		15
Zhuchuang		14		14
Others		34		24
Allowance for expected credit losses		(63)		(64)
Total		235		348

Schedule of amounts due to related party


		As of December 31,
		2023		2024
Trip.com		48		41
Cjia Group		16		14
Others		13		19
Total		77		74

Schedule of significant related party transactions


		Years Ended December 31,
		2022		2023		2024
Commission expenses to Trip.com		55		260		297
Lease expenses to Trip.com		19		19		19
Lease expenses to Cjia Group		31		37		36
Goods sold and service provided to Cjia Group		4		17		32
Service fee from Trip.com		93		112		146
Service fee from Sheen Star		4		5		—
Service fee from Azure		5		17		21
Sublease income from Lianquan		12		10		11
Sublease income from Cjia Group		5		5		6
Interest income from Sheen Star		—		10		—