H World Group Ltd

H World Group Limited American Depositary Receipt represents ownership in H World Group Limited, a leading global hospitality company headquartered in Shanghai, China. The company manages a diversified portfolio of hotel brands spanning economy, midscale, upscale, and luxury segments, including HanTing Hotel, JI Hotel, Orange Hotel, Crystal Orange Hotel, Manxin Hotel, Blossom House, Steigenberger Hotels & Resorts, IntercityHotel, and MAXX by Steigenberger, among others. It operates through leased, owned, manachised, and franchised models, emphasizing asset-light strategies and partnerships such as those with Accor for brands like Ibis, Novotel, and Mercure in China. H World Group Limited serves travelers worldwide with properties across China, Europe, Southeast Asia, and other regions, focusing on digital innovation, a robust membership ecosystem via H Rewards, and industrialized supply chain capabilities to deliver consistent guest experiences. Founded in 2005, it plays a significant role in the international hospitality market as one of the largest hotel groups by room count.