H World Group reports strong 2024 growth despite cost pressures

** H World Group Limited (HKEX: 1179) reported a revenue increase to RMB23.89B for 2024, up from RMB21.88B in 2023, driven by network expansion to 11,147 hotels. Despite top-line growth, net income attributable to H World Group Limited decreased to RMB3.048B, from RMB4.085B in the previous year. The company saw pre-opening expenses increase to RMB50M in 2024, reflecting strategic expansion efforts, while goodwill impairment losses also impacted profitability with RMB391M on one brand in particular, due to revised cash-flow estimates.