華住集團有限公司2025年年報

2025年 報 25897111114155158220224229302 202312319,3942025123112,85817.0%2025123112,85857312,2851,264,4192,906192,887 20 202512313.112025Legacy Huazhu73%Legacy Huazhu77% 20231231202512313,4643,582 2023COVID-1920232024202521,88223,89125,3073,6182023202420254,0853,0485,080726202320242025EBITDA6,2686,8208,4731,2117,6747,5188,3791,198 Zleep Hotels •CitiGO • Jaz in the CityJaz in the City 20251231 20052414202512314,556774 2.02025123151386 200820251231696287 201492025123145 Livehouse20251231214 Zleep Hotels Zleep Hotels20251231Zleep HotelsZleep Hotels 2010202512313,565752 202512311,055250 20251231712118 Z2025123199 2.520251231322100 Intercity Hotel1987202020251231159111 20251231 2025123119247 (Mercury)19732025123122688 2019202020251231218113 202512314618 CitiGO CitiGOCitiGOCitiGOCitiGO712CitiGODNA2025123133CitiGOCitiGO 2025123111 20131220251231 20092025123190107 202512315614 Jaz in the City Jaz in the CityJaz in the City20251231Jaz in the City 20251231 2025123112 20251231 2025123112,858311,22220202512312,906 20251231 (1)62511 (2)5612,229 (3)291,21730936 (4) (5) (1) (2) 20251231191620261212120252,100300 202512315654.5% 2%6% 20251231 (1)Legacy DH8. 2025123112,17011594.6%0.9% Legacy Huazhu 80,0001,000,0003%6.5%(H Rewards) 0.3%3.0%6%10%0.5%1%1520 Legacy Huazhu 0.5%3.8%40,000200,0001015 2016 COVID-19 (H-HUB )100%AppB2B(IBE)20 (H-HOS)(PMS)POSEMS (H-TONE)H-TONE (CRM)CRMCRMCRM (RMS) (CPS)CPSCPS (Cloud-PMS)H-HOSCloud-PMSPMSPMS(CRS)CRMCloud-PMS Wi-Fi2013Wi-Fi Hello GDPRISO27001ISO27701PCI-DSS APP 7×24 2025Legacy Huazhu77%23% Cloud-PMS(i)(ii)(iii) 202512313.112025Legacy Huazhu73% Airbnb 202512311,991202512312971,9072292025123141112025123124320251231710www.hworld.com 20251231162 2025ESG 20232050 20254,8001,10064(GSTC)160Legacy DH98%ISO50001ISO14001 202511,250 Legacy DH2025 20252,300RPET ESGESGESG 202550%95%ISO27001 2025ESG 202513,473130 ESGESGESGESG 2025Legacy HuazhuLegacy DH ESG2025MSCI ESGA 202496202411120251215202621 1987112011202020222004620091201682002005820121020256202611155000 19874202412(i)(ii)(iii)20113201612017122011512009220251220236152023121(i)(ii)(iii)(iv)(i)(ii)10,00050,000100,00010,000102020259122025111 19984200810201942021420046920127172020412023821(i)(ii)(iii)(i)(ii)30,000300,000 20061201622020112013220171220225OK 20101018(GB/T14308-2010)20111120231127(GB/T14308-2023)20243120101119201111 2012921201681840% 2013425201310120181026 200922020201129 2020820 19951200782009820198201121 2020520211114 17 199310199411201310 • • • • • • • • 1198 20122 198912262014424200210282018122919981129201771620171120202120211%5%200,00011250,000200,00050,000200,000 200726200751202312292012223201241 100,000500,000 100,000 30 • • • • • • • • • • 100,000 198282319932001201320192002832014429 200885(SAFE) 201533020233231919100%19201669161620231242820259124328 20191023[2019]28[2019]2828 2020410 20061225200715200721201652920233232012215777 20193152019122620201120191230202011 1993122023121997220068 200510200611201432018102023122014617 10%50% 200510217520051117575200633175 201212175975 2014743775373737373737 2015914 2023152023210 2006881020069820096222006921 200698 201773020161020186 20191230202011 20232172023331(a)HNGDR(b)(i)50%(ii) 20232242023331 20118201191201123202012192021118 199475199511200982720181229200811201212282008918201412014310%201431 19809102018831201911 20101028201171201812291999122201932419994320023242019324 20121228 2013716 201611201761(i)(ii)1,000,000(iii)10,000100,000202510282026111,000100 20211120205 20092282015111 2016427(EU) 2016/67995/46/EC(a)(b)(i)(ii)(iii)(iv)(i)2%10(ii)4%20 2002712(EC) 2002/58cookiescookies(EC) 2002/58 1299201803+86 (21) 6195-2011Cricket Square, HutchinsDrive, P.O. Box 2681, Grand Cayman, KY1-1111, Cayman Islands http://www.hworld.com (http://www.sec.gov) 2026331 (1)(i)100%(ii)90%10%(iii)100% (i)(ii) 100% 100,000 (i)(ii)10020 41,0002025123112,8585654.5113,0002025123112,85885,000 202312319,3942025123112,85817.0%2025123112,85857312,2851,264,4192,906192,887202012 20232024202521,88223,89125,3073,6182023202420254,0853,0485,080726202320242025EBITDA6,2686,8208,4731,2117,6747,5188,3791,198 • • •1.520.0 20201Legacy HuazhuLegacy DH (i)(ii)(iii) 202312319,3942025123112,858 Legacy Huazhu20231231292.620251231416.8 20251231Legacy DH9.3 (1)Legacy HuazhuLegacy DH Legacy Huazhu (1)Legacy Huazhu (2)(i)(ii) (i)(ii)(iii)(iv)2025Legacy Huazhu2024Legacy Huazhu20252024Legacy Huazhu2023Legacy Huazhu20232024 Legacy DH (1)Legacy DH 20232025Legacy DH Legacy Huazhu Legacy DH 18Legacy Huazhu18Legacy Huazhu (1)18 (i)(ii)(iii) EBITDAEBITDA •202313,79663.0%202413,84357.9%202512,9431,85151.1%2025123119 2%6% 20162018 • • 20237,69435.2%20249,49839.8%202511,6961,67246.2%202512312,887 • Legacy Huazhu1520 Legacy Huazhu80,0001,000,0003%6.5% 0.3%3.0%6%10%0.5%1% Legacy Huazhu1015 Legacy Huazhu 0.5%3.8%40,000200,000 •202320242025392550