H World Group Limited (NASDAQ:HTHT) Q4 2022 Earnings Call Transcript

Qi Ji: Okay. so to answer your questions, so actually along with our strategy with the lower tier cities penetrations and further penetrating to the entire China market we realized that that actually, especially in the lower tier cities, we are seeing quite a lot of, new demands. Like a lot of young generations, a lot of local leisure traveling demand, and those customers actually not, probably not the HanTing brands key customers or target customers. So, as HanTing was positioned as a very unique business traveling product and to fulfil those kind of new demand in the lower tier cities. We incubated our Ni Hao brand starting from 2020. And we, what we are targeting is to, to further penetrating the, the, the very much market mass market in China and, and especially in the economic segment.

we would like to use HanTing and the Ni Hao as our two key brands in to further penetrate the market and provide more choices to the, to the customers for the potential mass market in China. Thank you.

Operator: Thank you. At this time, I will now like to turn back to Jason Chen for closing remarks.

Jason Chen: Thank you everyone for taking your time with us today.