2023 Q4 Form 20-F Financial Statement

#000110465924050202 Filed on April 23, 2024

View on sec.gov

Income Statement

Concept 2023 Q4 2023 2022
Revenue $5.585B $21.88B $13.86B
YoY Change 50.7% 57.86% 8.42%
Cost Of Revenue $2.012B $7.340B $6.123B
YoY Change 24.04% 19.88% 12.49%
Gross Profit $3.573B $14.54B $7.739B
YoY Change 71.45% 87.91% 5.41%
Gross Profit Margin 63.97% 66.46% 55.83%
Selling, General & Admin $2.957B $10.19B $332.0M
YoY Change 21.74% 2970.48% -95.9%
% of Gross Profit 82.76% 70.1% 4.29%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $346.0M $1.448B $1.456B
YoY Change 10.54% -0.55% -3.13%
% of Gross Profit 9.68% 9.96% 18.81%
Operating Expenses $2.812B $9.824B $332.0M
YoY Change 29.11% 2859.04% -95.37%
Operating Profit $761.0M $4.718B -$43.00M
YoY Change -909.57% -11072.09% -126.22%
Interest Expense $273.0M $62.00M $409.0M
YoY Change 18.18% -84.84% -156.1%
% of Operating Profit 35.87% 1.31%
Other Income/Expense, Net $2.000M $573.0M $1.000M
YoY Change -104.55% 57200.0% -99.55%
Pretax Income $1.032B $5.349B -$1.606B
YoY Change 1313.7% -433.06% 293.63%
Income Tax $281.0M $1.204B $207.0M
% Of Pretax Income 27.23% 22.51%
Net Earnings $743.0M $4.085B -$1.821B
YoY Change -699.19% -324.33% 291.61%
Net Earnings / Revenue 13.3% 18.67% -13.14%
Basic Earnings Per Share $1.28 -$0.59
Diluted Earnings Per Share $0.23 $1.22 -$0.59
COMMON SHARES
Basic Shares Outstanding 3.159B 3.183B 3.111B
Diluted Shares Outstanding 3.351B 3.111B

Balance Sheet

Concept 2023 Q4 2023 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $9.135B $9.135B $5.371B
YoY Change 70.08% 70.08% -30.29%
Cash & Equivalents $6.946B $6.946B $3.583B
Short-Term Investments $2.189B $2.189B $1.788B
Other Short-Term Assets $1.713B $1.713B $2.312B
YoY Change 1364.1% -25.91% 165.14%
Inventory $59.00M $59.00M $70.00M
Prepaid Expenses
Receivables $755.0M $755.0M $1.113B
Other Receivables $394.0M $394.0M $312.0M
Total Short-Term Assets $12.06B $12.06B $9.178B
YoY Change 806.47% 31.36% -3.93%
LONG-TERM ASSETS
Property, Plant & Equipment $33.93B $33.93B $37.80B
YoY Change 400.09% -10.25% -3.65%
Goodwill $5.318B
YoY Change 2.37%
Intangibles $5.280B
YoY Change 0.04%
Long-Term Investments $2.564B $2.564B $1.945B
YoY Change 84.2% 31.83% -1.02%
Other Assets $4.019B $4.019B $1.781B
YoY Change 3879.21% 125.66% 5.01%
Total Long-Term Assets $51.48B $51.48B $52.33B
YoY Change -14.46% -1.63% -2.58%
TOTAL ASSETS
Total Short-Term Assets $12.06B $12.06B $9.178B
Total Long-Term Assets $51.48B $51.48B $52.33B
Total Assets $63.53B $63.53B $61.51B
YoY Change 3.29% 3.29% -2.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.019B $1.019B $1.171B
YoY Change 499.41% -12.98% 20.97%
Accrued Expenses $7.937B $7.937B $5.814B
YoY Change 17.29% 36.52% 7.57%
Deferred Revenue $1.637B
YoY Change 25.15%
Short-Term Debt $4.049B $4.049B $208.0M
YoY Change 748.85% 1846.63% -91.56%
Long-Term Debt Due $45.00M $45.00M $3.121B
YoY Change -98.65% -98.56% -18.06%
Total Short-Term Liabilities $17.41B $17.41B $13.15B
YoY Change 813.48% 32.44% -13.96%
LONG-TERM LIABILITIES
Long-Term Debt $3.962B $3.962B $6.635B
YoY Change 311.85% -40.29% 86.12%
Other Long-Term Liabilities $29.07B $29.07B $32.07B
YoY Change 20368.31% -9.36% -1.42%
Total Long-Term Liabilities $33.03B $33.03B $38.70B
YoY Change 2891.58% -14.66% 7.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $17.41B $17.41B $13.15B
Total Long-Term Liabilities $33.03B $33.03B $38.70B
Total Liabilities $51.40B $51.40B $52.78B
YoY Change 572.65% -2.62% 0.85%
SHAREHOLDERS EQUITY
Retained Earnings $112.0M
YoY Change -164.37%
Common Stock $1.671B
YoY Change 13.67%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $12.14B $12.14B $8.729B
YoY Change
Total Liabilities & Shareholders Equity $63.53B $63.53B $61.51B
YoY Change 612.4% 3.29% -2.78%

Cashflow Statement

Concept 2023 Q4 2023 2022
OPERATING ACTIVITIES
Net Income $743.0M $4.085B -$1.821B
YoY Change -699.19% -324.33% 291.61%
Depreciation, Depletion And Amortization $346.0M $1.448B $1.456B
YoY Change 10.54% -0.55% -3.13%
Cash From Operating Activities $2.411B $7.674B $227.0M
YoY Change 130.94% 3280.62% -83.08%
INVESTING ACTIVITIES
Capital Expenditures $312.0M $901.0M $1.053B
YoY Change 36.24% -14.43% -162.87%
Acquisitions $0.00 $8.000M
YoY Change -100.0% -98.92%
Other Investing Activities $35.00M -$576.0M $531.0M
YoY Change -90.72% -208.47% 94.51%
Cash From Investing Activities -$277.0M -$1.477B -$76.00M
YoY Change -287.16% 1843.42% -94.58%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$848.0M $1.125B $48.00M
YoY Change 2243.75% 4700.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -745.0M -3.720B -201.0M
YoY Change -46.79% 1750.75% -88.84%
NET CHANGE
Cash From Operating Activities 2.411B 7.674B 227.0M
Cash From Investing Activities -277.0M -1.477B -76.00M
Cash From Financing Activities -745.0M -3.720B -201.0M
Net Change In Cash 1.389B 2.477B -7.000M
YoY Change -767.79% -35485.71% -99.62%
FREE CASH FLOW
Cash From Operating Activities $2.411B $7.674B $227.0M
Capital Expenditures $312.0M $901.0M $1.053B
Free Cash Flow $2.099B $6.773B -$826.0M
YoY Change 157.55% -919.98% -127.38%

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CY2023 us-gaap Nature Of Operations
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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 12pt 0pt;"><span style="display:inline-block;text-indent:0pt;width:18pt;"><b style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:bold;">1.</b></span>ORGANIZATION AND PRINCIPAL ACTIVITIES</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 12pt 0pt;">H World Group Limited (the “Company”) was incorporated in the Cayman Islands under the laws of the Cayman Islands on January 4, 2007. The principal business activities of the Company and its subsidiaries and consolidated variable interest entities (the “Group”) are to develop leased and owned, manachised and franchised hotels mainly in the People’s Republic of China (“PRC”) and Europe.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 12pt 0pt;">On January 2, 2020, the Group completed the acquisition of 100% equity interest of Steigenberger Hotels Aktiengesellschaft (“Deutsche Hospitality” or “DH”) which was renamed as Steigenberger Hotels GmbH. Deutsche Hospitality was engaged in the business of leasing, franchising, operating and managing hotels under five brands in the midscale and upscale market in Europe, the Middle East and Africa. After the acquisition, “legacy DH” refers to Deutsche Hospitality and its subsidiaries and “legacy Huazhu” refers to the Group excluding Deutsche Hospitality.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:bold;text-align:justify;margin:0pt 0pt 12pt 18pt;">Leased and owned hotels</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 12pt 0pt;">The Group leases hotel properties from property owners or purchases properties directly and is responsible for all aspects of hotel operations and management, including hiring, training and supervising the managers and employees required to operate the hotels. In addition, the Group is responsible for hotel development and customization to conform to the standards of the Group brands at the beginning of the lease or the construction, as well as repairs and maintenance, operating expenses and management of properties over the term of the lease or the land and building certificate.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 12pt 0pt;">As of December 31, 2022 and 2023, the Group had 704 and 691 leased and owned hotels in operation, respectively.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:bold;text-align:justify;margin:0pt 0pt 12pt 18pt;">Manachised and franchised hotels</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt;">The Group enters into franchise and management arrangements with franchisees for which the Group is responsible for providing branding, quality assurance, training, reservation, hiring and appointing of the hotel general manager and various other support services relating to hotel renovation and operations. Those hotels are classified as manachised hotels. Under the typical franchise and management agreements, the franchisee is required to pay an initial franchise fee and ongoing franchise and management service fees, which typically equal to a certain percentage of the revenues of the hotel. The franchisee is responsible for the costs of hotel development, renovation and the costs of its operations. The franchise and management agreements typically range from <span style="-sec-ix-hidden:Hidden_NpurpvCIEkKVUZm7aoRGoQ;"><span style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">eight</span></span> to ten years under legacy Huazhu, and 15 to 20 years for manachised hotels and 10 to 15 years for franchised hotels under legacy DH. These agreements are renewable upon mutual agreement between the Group and the franchisee. There are also some franchised hotels for which the Group does not provide a hotel general manager. As of December 31, 2022 and 2023, the Group had 7,617 and 8,526 manachised hotels in operation and 222 and 177 franchised hotels in operation, respectively.</p>
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:bold;text-align:justify;margin:0pt 0pt 12pt 18pt;">Use of estimates</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 12pt 0pt;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. The Group bases its estimates on historical experience and various other factors believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. Significant accounting estimates reflected in the Group’s consolidated financial statements include the useful lives and impairment of property and equipment, right-of-use assets and intangible assets with definite lives, valuation allowance of deferred tax assets, purchase price allocation, impairment of investment, goodwill and intangible assets without definite lives and incremental borrowing rate used to measure lease liabilities.</p>
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0
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CY2023 us-gaap Earnings Per Share Diluted
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CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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Revenues
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DepreciationDepletionAndAmortization
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DepreciationDepletionAndAmortization
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CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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ShareBasedCompensation
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ShareBasedCompensation
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ShareBasedCompensation
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CY2022 us-gaap Equity Securities Fv Ni Gain Loss
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CY2023 us-gaap Equity Securities Fv Ni Gain Loss
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CY2021 us-gaap Net Income Loss
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CY2022 us-gaap Net Income Loss
NetIncomeLoss
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CY2023 us-gaap Net Income Loss
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CY2023Q4 us-gaap Assets
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CY2021 us-gaap Revenues
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CY2022 us-gaap Revenues
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CY2023 us-gaap Revenues
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CY2022Q4 us-gaap Noncurrent Assets
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CY2023Q4 us-gaap Noncurrent Assets
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CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
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CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
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CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
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CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
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CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
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CY2023Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
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CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
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CY2023Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
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CY2022Q1 us-gaap Dividends Payable Current
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CY2023Q4 us-gaap Dividends Payable Current
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CY2022 us-gaap Sublease Income
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119000000
CY2023 us-gaap Sublease Income
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CY2021 htht Operating Lease Expense Relief
OperatingLeaseExpenseRelief
88000000
CY2022 htht Operating Lease Expense Relief
OperatingLeaseExpenseRelief
281000000
CY2023 htht Operating Lease Expense Relief
OperatingLeaseExpenseRelief
98000000
CY2022 us-gaap Operating Lease Cost
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CY2023 us-gaap Operating Lease Cost
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CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
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CY2023 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
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CY2022 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
116000000
CY2023 us-gaap Finance Lease Interest Expense
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CY2022 htht Variable Lease Costs
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144000000
CY2023 htht Variable Lease Costs
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CY2022 us-gaap Lease Cost
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CY2023 us-gaap Lease Cost
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CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
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CY2023Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
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CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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CY2023Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
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CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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13299000000
CY2023Q4 us-gaap Operating Lease Liability
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CY2023Q4 us-gaap Finance Lease Liability
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2742000000
CY2023Q4 htht Number Of Lease Contracts
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CY2023Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
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CY2022Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
4196000000
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
146000000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
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CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
3793000000
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
3605000000
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
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CY2022Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
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CY2022Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
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CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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12929000000
CY2022Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
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1718000000
CY2022Q4 us-gaap Operating Lease Liability
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31410000000
CY2022Q4 us-gaap Finance Lease Liability
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CY2022 htht Payments For Measurement Of Lease Liabilities
PaymentsForMeasurementOfLeaseLiabilities
3295000000
CY2023 htht Payments For Measurement Of Lease Liabilities
PaymentsForMeasurementOfLeaseLiabilities
4440000000
CY2022 htht Payments For Measurement Of Finance Lease Liabilities
PaymentsForMeasurementOfFinanceLeaseLiabilities
106000000
CY2023 htht Payments For Measurement Of Finance Lease Liabilities
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CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1010000000
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
343000000
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
161000000
CY2023 htht Right Of Use Asset Obtained In Exchange For Finance Lease Liability Net
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiabilityNet
361000000
CY2022 htht Non Cash Right Of Use Assets Obtained In Acquisition For Operating Lease
NonCashRightOfUseAssetsObtainedInAcquisitionForOperatingLease
171000000
CY2022 htht Non Cash Lease Liabilities Obtained In Acquisition For Operating Lease
NonCashLeaseLiabilitiesObtainedInAcquisitionForOperatingLease
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
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CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
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CY2021 us-gaap Current Income Tax Expense Benefit
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555000000
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
475000000
CY2023 us-gaap Current Income Tax Expense Benefit
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CY2021 us-gaap Deferred Income Tax Expense Benefit
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CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
12000000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
207000000
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1204000000
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.25
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.25
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.25
CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
-0.06
CY2023 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.02
CY2021 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.06
CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.24
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.15
CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0
CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Holidays
EffectiveIncomeTaxRateReconciliationTaxHolidays
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Holidays
EffectiveIncomeTaxRateReconciliationTaxHolidays
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Holidays
EffectiveIncomeTaxRateReconciliationTaxHolidays
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CY2021 htht Effective Income Tax Rate Reconciliation Dividend Withholding Tax
EffectiveIncomeTaxRateReconciliationDividendWithholdingTax
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CY2022 htht Effective Income Tax Rate Reconciliation Dividend Withholding Tax
EffectiveIncomeTaxRateReconciliationDividendWithholdingTax
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CY2023 htht Effective Income Tax Rate Reconciliation Dividend Withholding Tax
EffectiveIncomeTaxRateReconciliationDividendWithholdingTax
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
0.02
CY2023 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
0
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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CY2023 us-gaap Effective Income Tax Rate Continuing Operations
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CY2021 us-gaap Income Tax Holiday Aggregate Dollar Amount
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37000000
CY2022 us-gaap Income Tax Holiday Aggregate Dollar Amount
IncomeTaxHolidayAggregateDollarAmount
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CY2023 us-gaap Income Tax Holiday Aggregate Dollar Amount
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CY2021 htht Effect Of Tax Holiday On Earnings Per Share Basic
EffectOfTaxHolidayOnEarningsPerShareBasic
0.01
CY2022 htht Effect Of Tax Holiday On Earnings Per Share Basic
EffectOfTaxHolidayOnEarningsPerShareBasic
0.01
CY2023 htht Effect Of Tax Holiday On Earnings Per Share Basic
EffectOfTaxHolidayOnEarningsPerShareBasic
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CY2021 htht Effect Of Tax Holiday On Earnings Per Share Diluted
EffectOfTaxHolidayOnEarningsPerShareDiluted
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CY2022 htht Effect Of Tax Holiday On Earnings Per Share Diluted
EffectOfTaxHolidayOnEarningsPerShareDiluted
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CY2023 htht Effect Of Tax Holiday On Earnings Per Share Diluted
EffectOfTaxHolidayOnEarningsPerShareDiluted
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CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
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CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
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CY2022Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
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CY2023Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
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CY2022Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
303000000
CY2023Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
399000000
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
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CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
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CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
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CY2023Q4 htht Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation Net
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CY2022Q4 htht Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other Net
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOtherNet
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CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther
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CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
31000000
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
33000000
CY2022Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
150000000
CY2023Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
198000000
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
731000000
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
675000000
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
1871000000
CY2023Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
1842000000
CY2022Q4 htht Deferred Tax Liabilities Tangible And Intangible Assets
DeferredTaxLiabilitiesTangibleAndIntangibleAssets
1596000000
CY2023Q4 htht Deferred Tax Liabilities Tangible And Intangible Assets
DeferredTaxLiabilitiesTangibleAndIntangibleAssets
1593000000
CY2022Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
40000000
CY2023Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
51000000
CY2022Q4 us-gaap Deferred Tax Liabilities
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1636000000
CY2023Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
1644000000
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
235000000
CY2023Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
198000000
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
1093000000
CY2023Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
1043000000
CY2022Q4 us-gaap Deferred Income Tax Liabilities
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858000000
CY2023Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
845000000
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
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235000000
CY2023Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
198000000
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
369000000
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
466000000
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
731000000
CY2021 htht Valuation Allowance Deferred Tax Asset Provided
ValuationAllowanceDeferredTaxAssetProvided
151000000
CY2022 htht Valuation Allowance Deferred Tax Asset Provided
ValuationAllowanceDeferredTaxAssetProvided
338000000
CY2023 htht Valuation Allowance Deferred Tax Asset Provided
ValuationAllowanceDeferredTaxAssetProvided
145000000
CY2021 htht Valuation Allowance Deferred Tax Asset Reversed
ValuationAllowanceDeferredTaxAssetReversed
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CY2022 htht Valuation Allowance Deferred Tax Asset Reversed
ValuationAllowanceDeferredTaxAssetReversed
41000000
CY2023 htht Valuation Allowance Deferred Tax Asset Reversed
ValuationAllowanceDeferredTaxAssetReversed
165000000
CY2021 htht Valuation Allowance Deferred Tax Asset Written Off
ValuationAllowanceDeferredTaxAssetWrittenOff
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CY2022 htht Valuation Allowance Deferred Tax Asset Written Off
ValuationAllowanceDeferredTaxAssetWrittenOff
32000000
CY2023 htht Valuation Allowance Deferred Tax Asset Written Off
ValuationAllowanceDeferredTaxAssetWrittenOff
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CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
466000000
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
731000000
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
675000000
CY2022Q4 us-gaap Unrecognized Tax Benefits
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CY2023Q4 us-gaap Unrecognized Tax Benefits
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67000000
CY2021 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
CY2022 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
CY2023 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
CY2023 htht Income Tax Liability Increase Decrease Resulting From Unrecognized Tax Benefits
IncomeTaxLiabilityIncreaseDecreaseResultingFromUnrecognizedTaxBenefits
-200000
CY2020Q4 us-gaap Unrecognized Tax Benefits
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50000000
CY2021Q4 us-gaap Unrecognized Tax Benefits
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60000000
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
65000000
CY2021 htht Unrecognized Tax Benefits Increase Decrease Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreaseDecreaseResultingFromCurrentPeriodTaxPositions
10000000
CY2022 htht Unrecognized Tax Benefits Increase Decrease Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreaseDecreaseResultingFromCurrentPeriodTaxPositions
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CY2023 htht Unrecognized Tax Benefits Increase Decrease Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreaseDecreaseResultingFromCurrentPeriodTaxPositions
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CY2021Q4 us-gaap Unrecognized Tax Benefits
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60000000
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
65000000
CY2023Q4 us-gaap Unrecognized Tax Benefits
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67000000
CY2023 htht Income Tax Withholding Tax Rate For Foreign Invested Non Resident Entity
IncomeTaxWithholdingTaxRateForForeignInvestedNonResidentEntity
0.10
CY2023 htht Income Tax Withholding Tax Rate For Foreign Invested Non Resident Entity With Parent Company Incorporated In Qualified Jurisdictions
IncomeTaxWithholdingTaxRateForForeignInvestedNonResidentEntityWithParentCompanyIncorporatedInQualifiedJurisdictions
0.05
CY2023 htht Threshold Percentage Of Holding For Withholding Of Taxes For Beneficial Owners
ThresholdPercentageOfHoldingForWithholdingOfTaxesForBeneficialOwners
25
CY2022Q1 htht Dividends Declared Not Yet Paid
DividendsDeclaredNotYetPaid
68000000
CY2022 htht Dividend Withholding Tax Accrued
DividendWithholdingTaxAccrued
100000000
CY2023 htht Dividend Distribution Percentage On Current Year Net Income
DividendDistributionPercentageOnCurrentYearNetIncome
0.45
CY2023 htht Dividend Withholding Tax Accrued
DividendWithholdingTaxAccrued
75000000
CY2023 htht Additional Provision For Dividend Withholding Tax Accrued
AdditionalProvisionForDividendWithholdingTaxAccrued
0
CY2023 htht Period Of Statute Of Limitations For Underpayment Of Taxes Due To Computational Errors
PeriodOfStatuteOfLimitationsForUnderpaymentOfTaxesDueToComputationalErrors
P3Y
CY2023 htht Period Of Statute Of Limitations For Underpayment Of Taxes More Than Specified Amount
PeriodOfStatuteOfLimitationsForUnderpaymentOfTaxesMoreThanSpecifiedAmount
P5Y
CY2023 htht Minimum Amount Of Underpayment Of Taxes For Statute Of Limitation To Be Extended To Five Years
MinimumAmountOfUnderpaymentOfTaxesForStatuteOfLimitationToBeExtendedToFiveYears
100000
CY2023 htht Period Of Statute Of Limitations For Transfer Pricing Issues
PeriodOfStatuteOfLimitationsForTransferPricingIssues
P10Y
CY2023 htht Period Of Statute Of Limitations For Assessment And Collection Of Taxes
PeriodOfStatuteOfLimitationsForAssessmentAndCollectionOfTaxes
P4Y
CY2023 htht Percentage Of Minimum Tax Paid By Large Multination Enterprises
PercentageOfMinimumTaxPaidByLargeMultinationEnterprises
0.15
CY2023 us-gaap Revenues
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750000000
CY2022Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Current Liabilities
PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities
10000000
CY2023Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Current Liabilities
PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities
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CY2022Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
110000000
CY2023Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
124000000
CY2022Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Current And Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesCurrentAndNoncurrent
120000000
CY2023Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Current And Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesCurrentAndNoncurrent
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CY2021 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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544000000
CY2022 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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645000000
CY2023 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
699000000
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
55000000
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
74000000
CY2023 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
90000000
CY2023 htht Appropriation Of After Tax Profit To General Reserve Fund Required Percentage
AppropriationOfAfterTaxProfitToGeneralReserveFundRequiredPercentage
0.10
CY2023 htht Appropriation Of After Tax Profit To General Reserve Fund Percentage Of Registered Capital Limit
AppropriationOfAfterTaxProfitToGeneralReserveFundPercentageOfRegisteredCapitalLimit
0.50
CY2021Q4 us-gaap Retained Earnings Appropriated
RetainedEarningsAppropriated
826000000
CY2022Q4 us-gaap Retained Earnings Appropriated
RetainedEarningsAppropriated
904000000
CY2023Q4 us-gaap Retained Earnings Appropriated
RetainedEarningsAppropriated
1029000000
CY2023Q4 htht Amount Of Restricted Net Assets For Consolidated And Unconsolidated Subsidiaries Excluding Retained Earnings Appropriated
AmountOfRestrictedNetAssetsForConsolidatedAndUnconsolidatedSubsidiariesExcludingRetainedEarningsAppropriated
2809000000
CY2023Q4 us-gaap Amount Of Restricted Net Assets For Consolidated And Unconsolidated Subsidiaries
AmountOfRestrictedNetAssetsForConsolidatedAndUnconsolidatedSubsidiaries
3838000000
CY2023Q4 us-gaap Recorded Unconditional Purchase Obligation Due In Second Year
RecordedUnconditionalPurchaseObligationDueInSecondYear
243000000
CY2023Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
0

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