Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Q4 2023 Earnings Conference Call March 28, 2024 7:00 AM ET
Company Participants
Alison Zhang - Director of Investor Relations
Haijun Wang - Founder, Chairman & Chief Executive Officer
Shoudong Wang - Co-Chief Financial Officer
Jianfeng Wu - Co-Chief Financial Officer
Conference Call Participants
Lydia Ling - Citi
Sijie Lin - CICC
Xin Chen - UBS
Operator
Thank you. Welcome to our Fourth Quarter and Full Year 2023 Earnings Call. Today you’ll hear from Chairman and CEO, Mr. Wang Haijun and our Co-Chief Financial Officer, 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 a 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.
Haijun Wang
[Foreign Language] Thank you, Alison. Hello, everyone, and thank you for joining Atour's fourth quarter and full year 2023 earnings call today.
[Foreign Language]
2023 was an exceptional year for Atour where we unveiled our strategic vision for expanding our portfolio to 2,000 premier hotels nationwide by 2025 and establishing the Chinese experience as the industry benchmark. Throughout the year, we worked diligently to enhance digitalization, organization and corporate culture, as well as our management and operations capabilities, which have become the pillars of our sustainable growth as an experienced proven business.
Today, our signature Chinese experience is resonating deeply with people revoking a profound collective response. Moreover, we have achieved significant milestones in our hotel network expansion. In 2023, we opened a total of 289 new hotels and signed additional 576 projects surpassing the targets we set at the beginning of the year and laying a solid foundation for our goal of our 2,000 premier hotels by 2025.
[Foreign Language]
2024 is poised to be a year of innovation and breakthroughs as we build on this success. To advance our Chinese experience strategy, we will remain dedicated to providing our customers with multi-faceted services and exceptional experiences that go beyond accommodation.