Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Q1 2023 Earnings Conference Call May 18, 2023 8:00 AM ET
Company Participants
Haijun Wang - Founder, Chairman & CEO
Shoudong Wang - Co-CFO
Conference Call Participants
Sijie Lin - CICC
Ronald Leung - Bank of America Merrill Lynch
Lydia Ling - Citi
Andy Fu - Blue Lotus Research
Xin Chen - UBS
Operator
Ladies and gentleman, thank you for standing by and welcome to the Atour Lifestyle Holdings Limited First Quarter 2023 Earnings Conference Call. At this time all participants are in 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. Queenie Chen [ph]. Senior Manager of Investor Relations. Please go ahead, ma'am.
Unidentified Company Representative
Thank you, operator. Good morning, and good evening, everyone. Welcome to our first quarter 2023 earnings call. Joining us today are Founder, Chairman and CEO, Mr. Wang Haijun and our CO-CFOs, Mr. Rui and Mr. Wang Shoudong.
Before we start, please note, the discussion today will include forward-looking statements made under Federal Security Laws that are subject to numerous risks and uncertainties. Actual results may differ materially from those stated or implied by our comments today. The company does not undertake any obligations to update any forward-looking statements except as required by applicable laws.
During today's call management, will also discuss certain non-GAAP financial measures for comparison purpose only. For definition of non-GAAP financial measures and the reconciliation of GAAP to non-GAAP financial results, please see the earnings release issued earlier today.
In addition, 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.
Haijun Wang
Thank you Queenie. Hello everyone and thank you for joining Atour's first quarter 2023 earnings call today.
I'm pleased to share with you that Atour commenced the year 2023 on a strong note, achieving solid results in both our hotel and scenario based retail businesses. Our core value proposition to serve people with exceptional experience continues to guide our steps as we refine and polish our hotel services and lifestyle products to deliver Atour experiences to every customer.
These uncompromising efforts, combined with our dedication to excellence, drove a robust recovery in both the hotel and retail businesses during the first quarter. We continue to execute our three year development plan to open 2,000 premier hotels, while establishing the Chinese experience as the industry benchmark, which we believe will solidify our leading position in the upper midscale hotel industry post-pandemic.