H World: brands it owns and its ownership tree
H World (NASDAQ: HTHT, HKEX: 1179) is a publicly listed company headquartered in Shanghai, China that owns 21 consumer brands.[1][2]
H World is a Cayman Islands holding company that runs the largest hotel network in China: 12,858 hotels with 1,264,419 rooms across 1,222 Chinese cities and 20 other countries at the end of 2025, on revenue of RMB25.3 billion. It was HanTing Hotel Group, then China Lodging Group, then Huazhu, and took its present name in 2022. Only 573 of its hotels are leased or owned; the rest run under what it calls the manachise model, where a franchisee owns the property and H World supplies the manager. Its European business, bought as Deutsche Hospitality on 2 January 2020, trades under Steigenberger and four other brands. It also develops ibis, ibis Styles, Mercure, Grand Mercure and Novotel hotels in mainland China, Taiwan and Mongolia under brand franchise agreements from Accor, which owns those names.
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Company facts
- Legal name
- H World Group Limited (also Huazhu, Huazhu Group Limited, China Lodging Group, HanTing Hotel Group)
- Type
- publicly listed company · see all publicly listed company owners
- Headquarters
- 🇨🇳 Shanghai, China
- Tickers
- NASDAQ: HTHT HKEX: 1179
- Revenue
- CN¥25.3 billion (2025)[2]
- SEC CIK
- 0001483994
- Website
- www.hworld.com
- Last verified
- · 3 sources
What H World's annual report says about its business
Read from H World's latest annual filing[1]. Each line gives the sentence the filing uses, copied word for word.
Segments the filing names
- legacy Huazhu, legacy DH:
After our acquisition of Deutsche Hospitality hotels in January 2020, we modified our operating segment structure into two operating segments legacy Huazhu and legacy DH.
Acquisitions and disposals named in the filing
- Acquired: Deutsche Hospitality (January 2020).
In January 2020, we completed the acquisition of Deutsche Hospitality, which operates in Europe, the Middle East, Asia and Africa under the brands of Steigenberger Hotels & Resorts, MAXX, Jaz in the City, IntercityHotel, and Zleep Hotels , as well as the luxury brand Steigenberger Icons .
- Acquired: Crystal Orange; Blossom Hotel Management.
We completed the acquisition of Crystal Orange, Blossom Hotel Management and Deutsche Hospitality.
H World in numbers
- H World owns 21 consumer brands tracked here across 1 top-level categories; the largest is travel & transport with 21 brands.[1]
- 6 of its brands originated outside China.
H World financial history
Headline figures from H World's annual reports filed with the US Securities and Exchange Commission, in CNY as reported, fiscal years ending 2020–2025. Revenue moved from CN¥10.2bn to CN¥25.3bn, an average of 19.9% a year (calculated).
| Fiscal year ended | Revenue | Operating income | Operating margin | Net income | Total assets | Long-term debt | Filing |
|---|---|---|---|---|---|---|---|
| CN¥25.3bn | CN¥6.82bn | 26.9% | CN¥5.08bn | CN¥64.8bn | CN¥479m | 20-F | |
| CN¥23.9bn | CN¥5.2bn | 21.8% | CN¥3.05bn | CN¥62.6bn | CN¥4.55bn | 20-F | |
| CN¥21.9bn | CN¥4.71bn | 21.5% | CN¥4.08bn | CN¥63.5bn | CN¥1.26bn | 20-F | |
| CN¥13.9bn | CN¥-294,000,000 | -2.1% | CN¥-1,821,000,000 | CN¥61.5bn | CN¥6.63bn | 20-F | |
| CN¥12.8bn | CN¥164m | 1.3% | CN¥-465,000,000 | CN¥63.3bn | CN¥3.56bn | 20-F | |
| CN¥10.2bn | CN¥-1,686,000,000 | -16.5% | CN¥-2,192,000,000 | CN¥65.2bn | CN¥10.9bn | 20-F |
Source: SEC XBRL company facts. A dash means the company did not report that line in a form we could read. Figures for a year can be restated in a later filing; the latest filing's number is shown.
Everything H World owns
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
Full-screen interactive tree → · Download as infographic
Brand portfolio by category
Full portfolio, 21 brands, with sources → · Competitors by shared categories →
Recent changes to this record
H World SEC filings
The documents behind the figures on this page, as listed in the SEC's EDGAR index. Each links to the filing itself.
Annual reports
- Annual report (foreign issuer), filed (20-F)
- Annual report (foreign issuer), filed (20-F)
- Annual report (foreign issuer), filed (20-F)
- Annual report (foreign issuer), filed (20-F)
- Annual report (foreign issuer), filed (20-F)
- Annual report (foreign issuer), filed (20-F)
Recent current and quarterly reports
| Filed | Form | What it declares |
|---|---|---|
| 6-K | Report of a foreign private issuer | |
| 6-K | Report of a foreign private issuer | |
| 6-K | Report of a foreign private issuer | |
| 6-K | Report of a foreign private issuer | |
| 6-K | Report of a foreign private issuer | |
| 6-K | Report of a foreign private issuer | |
| 6-K | Report of a foreign private issuer | |
| 6-K | Report of a foreign private issuer |
Frequently asked questions
What brands does H World own?
H World owns 21 consumer brands tracked here, including Steigenberger Hotels & Resorts, HanTing Hotel, Ni Hao Hotel, JI Hotel, Zleep Hotels and Jaz in the City.
Is H World a Chinese company?
Yes. H World is headquartered in Shanghai, China.
Who owns H World?
H World is a publicly listed company owned by its shareholders; it trades as HTHT on the NASDAQ and 1179 on the HKEX.
Sources (3) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] H World Group Limited Annual Report on Form 20-F filed 2026-04-24 — SEC EDGAR, SEC Form 20-F, published 24 April 2026; retrieved 27 September 2026.
- [2] H World Group Limited: Form 20-F for the year ended 2025-12-31 (revenue) — SEC EDGAR, SEC Form 20-F, published 24 April 2026; retrieved 4 October 2026.
- [3] Huazhu Group Limited Annual Report on Form 20-F filed 2022-04-27 — SEC EDGAR, SEC Form 20-F, published 27 April 2022; retrieved 28 September 2026.
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