Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Q2 2024 Earnings Conference Call August 29, 2024 7:00 AM ET

Company Participants

Alison Zhang - Director, IR
Haijun Wang - Founder, Chairman & CEO
Jianfeng Wu - Co-CFO

Conference Call Participants

Dan Chee - Morgan Stanley
Xin Chen - UBS
Sijie Lin - CICC
Ronald Leung - Bank of America
Liu Ji Wei - CITIC
Lydia Ling - Citi

Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Atour Lifestyle Holdings Second Quarter 2024 Earnings Conference Call. At this time, all participants are in listen-only mode. After the speaker's presentation, there will be a question and answer session. Today's conference is being recorded.

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

Alison Zhang

Thank you, operator. Good morning, and good evening, everyone. Welcome to our second quarter 2024 earnings conference call. Today, you will hear from our Founder, Chairman, and CEO, Mr. Wang Haijun; and our Co-CFO, Mr. Jianfeng Wu.

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 accessible on our website at ir.yaduo.com, where a copy of the results presentation is also available.

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

Haijun Wang

[Foreign Language]

[Interpreted] Thank you, Alison. Hello everyone, and thank you for joining Atour's second quarter 2024 earnings call today.

During the second quarter of 2024, domestic travel market demand remained steady, with leisure tourism extending its healthy upward trajectory alongside continuously evolving customer demand. By proactively adapting to these shifting marketing -- shifting market dynamics, we further strengthened our leadership in the upper midscale hotel market.

We consistently elevated the Chinese experience in our accommodation business during the first half of the year to better address our customer's personalized, diverse, and quality-driven expectations. Meanwhile, we adeptly capitalized on emerging opportunities presented by the latest wave of retail business development. We made substantial headway in propelling holistic, high-quality growth across our business and brand portfolio while continuously, deepening our insight into customer needs and amplifying our brand reputation.