Record Hotel Openings
Achieved a record high of 774 hotel openings in the third quarter of 2024, with new signings exceeding 800 hotels.
Strong B2B Platform Growth
Room nights booked via B2B platform exceeded 7.5 million, up 41% year-over-year and 19% quarter-over-quarter.
Increase in CRS Contribution
CRS contribution improved by 2.2 percentage points year-over-year and 4.3 percentage points quarter-over-quarter to 64.2%.
International Business Performance
Blended ADR from DH increased 2.5%, RevPAR increased 3.7%, and a major restructuring effort was initiated.
Upper-Midscale Segment Expansion
The upper-midscale segment saw a 33% year-over-year increase in hotels in operation, with 487 hotels in the pipeline.