H World Group Limited (HTHT) Q2 2023 Earnings Call Transcript

H World Group Limited (NASDAQ:HTHT) Q2 2023 Earnings Conference Call August 24, 2023 9:00 PM ET

Company Participants

JI Qi - Chairman

JIN Hui - Chief Executive Officer

HE Jihong - Chief Financial Officer

LIU Xinxin - President

Jason Chen - Director, Investor Relations

Conference Call Participants

Ronald Leung - Bank of America

Simon Chen - Goldman Sachs

Sijie Lin - CICC

Lydia Ling - Citi

Lina Yan - HSBC

Operator

Good day and thank you for standing by. Welcome to the H World Quarter 2, 2023 Earnings Conference Call. At this time all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. [Operator Instructions]. Please be advised that today’s conference is being recorded.

I'd now like to hand the conference over to your host today, Mr. Jason Chen. Please go ahead sir.

Jason Chen

Thank you. Good morning and good evening, everyone. Thanks for joining us today. Welcome to H World Group 2023 second quarter earnings conference call. Joining us today is our Chairman, Mr. JI Qi, our CEO, Mr. JIN Hui; our CFO, Ms. HE Jihong; and our President, Ms. LIU Xinxin. 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 findings with the SEC. H World Group does not undertake any obligations to update any forward-looking statements except as required by applicable laws.

On the call today, we will also mention adjusted financial measures during the discussion of our performance. Reconciliation 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 at ir.hworld.com.

With that, now I will hand over the call to our CFO, Mr. HE Jihong for opening speech. Ms. HE, please.

HE Jihong

Thank you, Jason. Good morning and good evening, ladies and gentlemen. Welcome to H World Group's second quarter 2023 earnings call. We are very happy to report that with a strong recovery of domestic China travel activities and continuous global travel improvement, our overall financial performance in this quarter and the first half year 2023 exceeded the guidance we announced earlier this year.