H World Group Ltd (HTHT) Q2 2022 Earnings Call Transcript

H World Group Ltd (NASDAQ:HTHT) Q2 2022 Earnings Conference Call August 29, 2022 9:00 PM ET

Company Participants

Jason Chen - IR Director

Ji Qi - Founder & Executive Chairman

Jin Hui - CEO

Ye Fei - Deputy CFO & VP, Strategic Investment and Capital Market

Conference Call Participants

Billy Ng - Bank of America Merrill Lynch

Simon Cheung - Goldman Sachs Group

Sijie Lin - CICC

Operator

Good day, and thank you for standing by. Welcome to the H World Group Conference Call.

I would now like to hand the conference over to your speaker today to Mr. Jason Chen, Investor Relations Director. Please go ahead.

Jason Chen

Thank you. Good morning, and good evening, everyone. Thanks for joining us today. Welcome to H World Group's 2022 Second Quarter and First Half Earnings Conference Call. Joining us today is our Founder and Chairman, Mr. Ji Qi, our CEO, Mr. Jin Hui; our President, Ms. Liu Xinxin; our CFO, Ms. Chen Hui, our Deputy CFO, Ms. Ye Fei; and our CEO of International business, Ms. He Jihong.

Following their prepared remarks, management will be available to answer your questions. Before we continue, please note that the discussion today will include forward-looking statements made under the Safe Harbor provision of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements involve inherent risks and uncertainties. As such, our results may be materially different from the views expressed today. A number of potential risks and uncertainties are outlined in our public filings with the SEC. H World Group does not undertake any obligations to update any forward-looking statements, except as required and applicable laws. On the call today, we will also mention adjusted financial measures during the discussion of our performance. Reconciliations of those measures to comparable GAAP information can be found in our earnings release that was distributed yesterday.

As a reminder, this conference call is being recorded. The webcast of this conference call as well as supplementary slide presentation is available on H World Group's website at ir.hworld.com.

With that, now I will turn the call over to Mr. Ji Qi. Mr. Ji, please.

Ji Qi

Good morning, and good evening, ladies and gentlemen. Second quarter of 2022 has been both a turbulent and promising period for our business. In China, large scale outbreak of COVID, especially in major cities like Shanghai posted significant challenges to our hotel operations. We took all necessary measures to protect our customers and employees and collaborated with government in carrying of preventive procedures against the COVID break. We provided support to our franchisees to help them overcome difficulties as well.