Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Q2 2023 Earnings Call Transcript August 17, 2023 8:00 AM ET

Company Participants

Allison Zhang - Director of Investor Relations

Shoudong Wang - Co-Chief Financial Officer

Jianfeng Wu - Co-Chief Financial Officer

Haijun Wang - Founder, Chairman & CEO

Conference Call Participants

Sijie Lin - CICC

Ronald Leung - Bank of America Merrill Lynch

Lydia Ling - Citi

Li Wang - Haitong International

Xin Chen - UBS

Operator

Ladies and Gentlemen, thank you for standing by and welcome to the Atour Lifestyle Holdings Second Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a Q&A session. Today's conference is being recorded.

At this time, I would like to turn the conference over to Ms. Allison Zhang Director of Investor Relations. Please go ahead, ma'am.

Allison Zhang

Thank you, operator. Good morning, and good evening, everyone. Welcome to our second quarter 2023 earnings call. Joining us today are Founder, Chairman, and CEO, Mr. Wang Haijun, and our Co-Chief Financial Officers, Mr. Wang Shoudong and Mr. Wu Jianfeng.

Before we continue, please be aware that today's discussion will include forward-looking statements under federal securities laws. These statements are subject to various risks and uncertainties, and actual results may differ significantly from what is stated or implied in our comments today. The Company is not obligated to update any forward-looking statements, except as required by applicable laws.

Additionally, during this call, our management will discuss certain non-GAAP financial measures, solely for comparison purposes. For clear understanding of these measures and a reconciliation of GAAP to non-GAAP financial results, please refer to the earnings release issued earlier today. Furthermore, a webcast replay of this conference call will be available on our website at ir.yaduo.com.

Now, I will turn the call over to Mr. Wang, our CEO.

Shoudong Wang

Thank you, Allison. Hello, everyone, and thank you for joining Atour's second quarter 2023 earnings call today.

We are thrilled to report another strong quarter, benefiting from the robust ongoing recovery trend, since the beginning of this year. During the second quarter, we achieved remarkable growth and breakthroughs in both our Hotel and Retail businesses. Our passion for progress and dedication to providing customers with exceptional experiences continued to differentiate a tour and magnify our competitive advantages, further enhancing our brand awareness and influence.

As we look ahead to 2023, we are confident that, our core value proposition and commitment to establishing the Chinese experience as the industry benchmark, will continue to drive our sustainable growth. Additionally, we are steadily executing a plan to grow our portfolio to 2,000 premier hotels nationwide by 2025, which will propel further prosperity across our business