Strong Retail Business Growth
Retail business reported a robust GMV growth of 107.7% year-over-year, reaching RMB 566 million, with sales from online channels accounting for over 90% of total GMV.
Rapid Hotel Network Expansion
140 new hotels opened in Q3, marking a 72.8% increase year-over-year, with the total number of hotels in operation reaching 1,533, representing a 37.9% increase year-over-year.
Impressive Membership Growth
Registered individual members exceeded 83 million, marking a 53.7% year-over-year increase.
Record New Hotel Openings Guidance
Full-year new hotel openings guidance raised from 400 to 450.
Net Revenue Increase
Net revenues for Q3 grew by 46.7% year-over-year, driven by strong growth in hotel and retail segments.