TAIPEI, Sept. 3, 2024 /PRNewswire/ -- The global generative AI market is experiencing rapid growth. According to the latest "Generative AI Special Report" from DIGITIMES, the market size is expected to expand quickly, reaching USD 40 billion by 2024 and growing to USD 1.5 trillion by 2030, with a compound annual growth rate (CAGR) of 83% from 2022 to 2030.
Generative AI is being applied across an increasingly broad range of areas, from text and images to music and more. Analyst Zouhao Shen notes that as AI transitions from the cloud to the edge, hardware limitations and model development become major challenges. It is anticipated that the development of edge AI chips will increasingly focus on enhancing domain specificity and strengthening software-hardware integration to meet the low-power, high-efficiency demands of various edge applications. Analyst Evan Chen further explains that as edge AI moves towards real-world applications, it will face four key challenges: miniaturization, adaptation, scalability, and cost-effectiveness. Beyond developing diverse hardware, integrating development platforms and deepening vertical applications will also be critical for establishing a foothold in the edge AI landscape.
In terms of industrial development the rapid rise of generative AI is set to drive Taiwan's ICT industry chain's export value, including upstream sectors such as chip design, chip/memory manufacturing, and packaging; midstream sectors like PCBs, passive components, and power components; and downstream sectors such as server manufacturing. Generative AI is expected to generate substantial orders for Taiwan's ICT industry.
Analyst Wing Hwang believes that the generative AI market is currently in its early stages, with the global market size primarily driven by AI computing hardware. However, over the next five years, the share of AI-related software and services is expected to increase significantly, with projections indicating that by 2030, software and services will account for 32% and 55% of the overall generative AI market, respectively. The growth of generative AI software and services will be a crucial factor in driving the market's expansion. Taiwan, leveraging its ICT industry chain advantage, is poised to seize early opportunities in the generative AI hardware market. Looking ahead, software and services will be the key areas for future growth, and early investment in these sectors could enable Taiwanese companies to gain a competitive edge.
To gain a comprehensive understanding and stay at the forefront of the generative AI revolution, acquire the latest generative AI research report from DIGITIMES Research. This report offers in-depth analysis and valuable insights essential for navigating the future of this transformative market.
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Generative AI market to reach US$1.5 trillion by 2030 with Taiwan holds hardware advantage; software and services to see promising future, says DIGITIMES Research
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SHANGHAI, May 15, 2026 /PRNewswire/ -- H World Group Limited (NASDAQ: HTHT) (HKEX: 01179), one of the world's leading hospitality groups, today announced its unaudited financial results for the first quarter ended March 31, 2026, highlighting continued momentum in network coverage, loyalty engagement and the Group's expanding presence across Asia Pacific.
Jin Hui, CEO of H World commented: "As we enter 2026, H World continues to advance brand-led, high-quality growth. In the first quarter, we opened 537 new hotels in China, well on track to meet our full-year gross opening target of approximately 2,200 to 2,300 hotels. Our blended H World China ADR increased 4.5% year-over-year and drove a 3.0% year-over-year increase in blended RevPAR."
For the first quarter, hotel GMV reached RMB 26.4 billion, up 17.4 % year-on-year. Revenue from manachised and franchised hotels grew 20.3% year-on-year to RMB 3.0 billion, underscoring the strength of the Company's asset-light model and sustained demand from partners.
Adjusted EBITDA reached RMB 1.9 billion for the quarter, a 24.2% increase year-on-year.
Network Growth Reinforces Market Leadership
As of March 31, 2026, H World's worldwide hotel network in operation totaled 13,215 hotels and 1,303,563 rooms, including 13,095 hotels under H World China and 120 hotels under H World International. The Group's geographic coverage increased to 1,461 cities in China, up from 1,394 cities as of March 31, 2025, reflecting continued expansion across regional markets and momentum in penetrating into lower-tier destinations.
H World remains focused on the mass market, with economy and midscale hotels as the core of its portfolio. The continued upgrades of Hanting and JI Hotel, together with the launch of Hanting Inn, a new economy hotel brand, have further strengthened the Group's competitiveness in the economy and midscale hotel markets, reinforcing H World's leadership in China's mass-market hospitality segment.
Expanding APAC Presence Strengthens H World's Global Platform
H World also continued to open new hotels in APAC as part of its regional expansion. With Singapore as its operational hub, the Group is extending its footprint into key Southeast Asian markets including Vietnam, Laos, and Cambodia. In Q1 2026, the first overseas JI Hotel 5.0 officially opened in Vientiane, the capital of Laos. Located in a prime area of the city, the hotel carries forward JI Hotel's signature Eastern-inspired design, reflecting H World's growing ability to bring its brands to international markets.
As of March 31, H World Group operates 6 hotels in APAC, with a pipeline of approximately 10 additional hotels.
Supported by its standardized brand system, digital operating capabilities, and supply chain advantages, H World aims to continue its growth momentum across APAC.
Loyalty and Digital Capabilities Support Continued Growth
H Rewards, the Group's loyalty program, saw growing consumer engagement in the first quarter, with room nights booked by members increasing 10.7% to 60 million.
"Looking ahead, we will continue to pursue high-quality hotel network expansion, strengthen our brand positioning, enhance member-centric sales capabilities underpinned by the H Rewards membership program, and further deepen our technology and AI development," Jin Hui said.
For the full release please visit:
https://ir.hworld.com/news-releases/news-release-details/h-world-group-limited-reports-first-quarter-2026-unaudited
About H World Group Limited
Originated in China, H World Group Limited (NASDAQ: HTHT) (HKEX: 01179) is a key player in the global hotel industry. Over the past 20 years, H World has developed into a leading hospitality group with a presence across diverse market segments, from economy to upper-midscale and lifestyle hotels. H World's brands include HanTing Hotel, JI Hotel, Crystal Orange Hotel, Steigenberger Hotels & Resorts, MAXX, Jaz in the City, IntercityHotel, Zleep Hotels and Steigenberger Icons. In addition, H World holds the rights as master franchisee for Mercure, Ibis and Ibis Styles, and co-development rights for Grand Mercure and Novotel in the pan-China region.
For more information, please visit H World's website: https://ir.hworld.com
H World undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law.
For media inquiry, please contact:
media@hworld.com
SHANGHAI, May 15, 2026 /PRNewswire/ -- H World Group Limited (NASDAQ: HTHT) (HKEX: 01179), one of the world's leading hospitality groups, today announced its unaudited financial results for the first quarter ended March 31, 2026, highlighting continued momentum in network coverage, loyalty engagement and the Group's expanding presence across Asia Pacific.
Jin Hui, CEO of H World commented: "As we enter 2026, H World continues to advance brand-led, high-quality growth. In the first quarter, we opened 537 new hotels in China, well on track to meet our full-year gross opening target of approximately 2,200 to 2,300 hotels. Our blended H World China ADR increased 4.5% year-over-year and drove a 3.0% year-over-year increase in blended RevPAR."
For the first quarter, hotel GMV reached RMB 26.4 billion, up 17.4 % year-on-year. Revenue from manachised and franchised hotels grew 20.3% year-on-year to RMB 3.0 billion, underscoring the strength of the Company's asset-light model and sustained demand from partners.
Adjusted EBITDA reached RMB 1.9 billion for the quarter, a 24.2% increase year-on-year.
Network Growth Reinforces Market Leadership
As of March 31, 2026, H World's worldwide hotel network in operation totaled 13,215 hotels and 1,303,563 rooms, including 13,095 hotels under H World China and 120 hotels under H World International. The Group's geographic coverage increased to 1,461 cities in China, up from 1,394 cities as of March 31, 2025, reflecting continued expansion across regional markets and momentum in penetrating into lower-tier destinations.
H World remains focused on the mass market, with economy and midscale hotels as the core of its portfolio. The continued upgrades of Hanting and JI Hotel, together with the launch of Hanting Inn, a new economy hotel brand, have further strengthened the Group's competitiveness in the economy and midscale hotel markets, reinforcing H World's leadership in China's mass-market hospitality segment.
Expanding APAC Presence Strengthens H World's Global Platform
H World also continued to open new hotels in APAC as part of its regional expansion. With Singapore as its operational hub, the Group is extending its footprint into key Southeast Asian markets including Vietnam, Laos, and Cambodia. In Q1 2026, the first overseas JI Hotel 5.0 officially opened in Vientiane, the capital of Laos. Located in a prime area of the city, the hotel carries forward JI Hotel's signature Eastern-inspired design, reflecting H World's growing ability to bring its brands to international markets.
As of March 31, H World Group operates 6 hotels in APAC, with a pipeline of approximately 10 additional hotels.
Supported by its standardized brand system, digital operating capabilities, and supply chain advantages, H World aims to continue its growth momentum across APAC.
Loyalty and Digital Capabilities Support Continued Growth
H Rewards, the Group's loyalty program, saw growing consumer engagement in the first quarter, with room nights booked by members increasing 10.7% to 60 million.
"Looking ahead, we will continue to pursue high-quality hotel network expansion, strengthen our brand positioning, enhance member-centric sales capabilities underpinned by the H Rewards membership program, and further deepen our technology and AI development," Jin Hui said.
For the full release please visit:
https://ir.hworld.com/news-releases/news-release-details/h-world-group-limited-reports-first-quarter-2026-unaudited
About H World Group Limited
Originated in China, H World Group Limited (NASDAQ: HTHT) (HKEX: 01179) is a key player in the global hotel industry. Over the past 20 years, H World has developed into a leading hospitality group with a presence across diverse market segments, from economy to upper-midscale and lifestyle hotels. H World's brands include HanTing Hotel, JI Hotel, Crystal Orange Hotel, Steigenberger Hotels & Resorts, MAXX, Jaz in the City, IntercityHotel, Zleep Hotels and Steigenberger Icons. In addition, H World holds the rights as master franchisee for Mercure, Ibis and Ibis Styles, and co-development rights for Grand Mercure and Novotel in the pan-China region.
For more information, please visit H World's website: https://ir.hworld.com
H World undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law.
For media inquiry, please contact:
media@hworld.com
** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **
H World Group Reports Q1 Results, Highlighting Asset-light Growth and Expanding APAC Footprint
