Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Q3 2024 Earnings Conference Call November 19, 2024 7:00 AM ET
Company Participants
Luke Hu - Senior IR Manager
Haijun Wang - Founder, Chairman and CEO
Jianfeng Wu - Co-CFO
Conference Call Participants
Ronald Leung - Bank of America
Sijie Lin - CICC
Dan Chi - Morgan Stanley
Lydia Ling - Citi
Xin Chen - UBS
Ji Wei Liu - CITIC
Operator
Ladies and gentlemen, thank you for standing by. Welcome to the Atour Lifestyle Holdings Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' 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 Mr. Luke Hu, Senior IR Manager. Thank you. Please go ahead, sir.
Luke Hu
Thank you, operator. Good morning and good evening, everyone. Welcome to our Third Quarter 2024 Earnings Conference Call. Today, you will hear from our Founder, Chairman, and CEO, Mr. Wang Haijun; and our Co-CFO, 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 the 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
Thank you, Luke. Hello, everyone, and thank you for joining Atour's third quarter 2024 earnings call today.
In the third quarter of 2024, domestic travel demand demonstrated steady growth. Leisure tourism remained highly active, highlighting the strong resilience of the service consumption market. Following last year's surge in pent-up travel demand, consumer behavior returned to a more rational pace this summer, with a more diverse array of tourism hotspots emerging.
In response to a fluctuating market environment and evolving consumer demand, as a leading lifestyle brand, we will continue to innovate and elevate our hotel offerings while strengthening our service advantages to deliver a superior customer experience. Additionally, we will drive high-quality growth in our retail business centered around our deep sleep products to reinforce towards distinctive competitive edge.