v3.25.2
REVENUE FROM CONTRACTS WITH CUSTOMERS
6 Months Ended
Jun. 30, 2025
REVENUE FROM CONTRACTS WITH CUSTOMERS  
REVENUE FROM CONTRACTS WITH CUSTOMERS

3.REVENUE FROM CONTRACTS WITH CUSTOMERS

Disaggregated Revenues

The following tables present the Group’s revenues disaggregated by the nature of the product or service:

Six Months Ended

June 30, 

    

2024

    

2025

Room revenues

5,741

5,249

Food and beverage revenues

 

656

 

637

Others

 

383

 

304

Leased and owned hotels revenue

 

6,780

 

6,190

Initial one-time license/franchise fee

 

64

 

78

On-going management and service/royalty fees

 

1,536

 

1,792

Central reservation system usage fees, other system maintenance and support fees

 

1,522

 

1,931

Reimbursements for hotel manager fees

 

817

 

1,029

Other fees

 

458

 

534

Manachised and franchised hotels revenues

 

4,397

 

5,364

Other revenues

 

249

 

267

Total revenues

 

11,426

 

11,821

Contract Balances

The Group’s contract assets are insignificant at December 31, 2024 and June 30, 2025.

As of

December 31, 

June 30, 

    

2024

    

2025

Current contract liabilities

1,822

1,885

Long-term contract liabilities

 

1,351

 

1,485

Total contract liabilities

 

3,173

 

3,370

The contract liabilities balances above are classified as deferred revenue on the consolidated balance sheet, as of December 31, 2024 and June 30, 2025. The Group recognized revenues that were previously deferred as contract liabilities of RMB495 and RMB503 during the six months ended June 30, 2024 and 2025, respectively.