H World Group Limited (NASDAQ:HTHT) Q3 2024 Results Conference Call November 26, 2024 8:00 PM ET
Company Participants
Jason Chen - Investor Relations Director
Jin Hui - Chief Executive Officer
Chen Hui - Chief Financial Officer
He Jihong - CSO
Conference Call Participants
Ronald Leung - Bank of America
Simon Cheung - Goldman Sachs
Lydia Ling - Citi
Dan Xu - Morgan Stanley
Operator
Good day, and thank you for standing by. Welcome to H World Third Quarter 2024 Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded.
It is now my pleasure to hand you over to the Senior IR Director of the company, Mr. Jason Chen. Please go ahead.
Jason Chen
Thank you, Amber. Good morning, and good evening, everyone. Thanks for joining us today. Welcome to H World Group 2024 Third Quarter Earnings Conference Call. Joining us today is our Chairman, Mr. Ji Qi; our CEO, Mr. Jin Hui; our CFO, Ms. Chen Hui; and our CSO, Ms. He Jihong. Following their prepared remarks, management will be available to answer your questions.
Before we continue, please note that the discussion today will include forward-looking statements made under the safe harbor provision of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements involve inherent risks and uncertainties. As such, our results may be materially different from the views expressed today.
A number of potential risks and uncertainties are outlined in our public filings with the SEC. H World Group does not undertake any obligation to update any forward-looking statements, except as required under applicable laws.
On the call today, we will also mention adjusted financial measures during the discussion of our performance. Reconciliations of those measures to comparable GAAP information can be found in our earnings release that was distributed yesterday.
As a reminder, this conference call is being recorded. The webcast of this conference call as well as supplementary slide presentation is available at ir.hworld.com.
With that, now I will hand over the call to our CEO, Mr. Jin Hui, to discuss our business performance in the third quarter of 2024. Mr. Jin, please?
Jin Hui
[Foreign Language]
Jason Chen
Hello, everyone. Thanks for joining H World Group's Third Quarter 2024 Earnings Conference Call.
Jin Hui
[Foreign Language]
Jason Chen
In the third quarter of 2024, the domestic travel demand continued to demonstrate steady growth. The hotel industry saw some year-over-year pullback in RevPAR from high base ADR last year. In addition, Shanghai and its surrounding regions experienced the 2 typhoons right before and after the mid-autumn holidays, which affected travel demand in September.