The increase was attributable to the growing recognition of our retail brand and enhanced product capabilities. 二零二三年第一季度酒店运营成本三点八二亿元 Our hotel operating costs for the first quarter of 2023 increased by 18.1% to RMB 382 million year-over-year, mainly due to the increase in variable costs associated with the ongoing expansion of our hotel network and recovery of RevPar.

May 18, 2023 / CFO / receipt, needs a key / Wang Shoudong, CFO | earnings call 2023-05-18 | transcript 45b705f8-be0b-413e-a73a-77527cf51c03 | chars 16153-16524 | segment 15