Strong Membership Growth
The membership base exceeded 300 million by the end of the third quarter, up 17.3% year-over-year, contributing to 74% of total room nights sold.
Revenue and Profit Growth
Group revenue grew 8.1% year-over-year to RMB 7 billion, with group adjusted EBITDA rising by 18.9% year-over-year to RMB 2.5 billion and a margin improvement of 3.3 percentage points to 36.1%.
Expansion in Upper-Midscale Segment
Number of upper-midscale hotels in operation and pipeline exceeded 1,600, up 25.3% year-over-year, with the launch of a new brand, Ji Icons.
High-Quality Network Expansion
Achieved a 17.3% year-over-year increase in the number of rooms in operation, with group hotel GMV growing by 17.5% year-over-year to RMB 30.6 billion.