A total of 9,817 hotels or 955,657 hotel rooms in operation as of March 31, 2024. Hotel turnover1 increased 21.1% year-over-year to RMB19.7 billion in the first quarter of 2024. Excluding Steigenberger Hotels GmbH and its subsidiaries (“DH”, or “Legacy-DH”), hotel turnover increased 21.6% year-over-year in the first quarter of 2024. Hotel turnover from the Legacy-DH segment increased 15.5% in the first quarter of 2024. Revenue increased 17.8% year-over-year to RMB5.3 billion (US$731 million)2 in the first q ...