Travel patterns have normalized following last year's surge, which has influenced year-over-year comparisons.

Nov 21, 2024 / CEO / receipt, needs a key / Alex Hsu, CEO | earnings call 2024-11-21 | transcript b2cdd4d3-179f-4237-b2ba-b48e429ce475 | chars 3355-3464 | segment 3

There is more leisure travels than the business travels. And there are also higher demand in the third tier cities that, you know, typically we have the scenery and the resort area.

Aug 15, 2024 / CEO / receipt, needs a key / Alex Hsu, CEO | earnings call 2024-08-15 | transcript e17e58ea-e1fd-4379-a382-98f5f812072e | chars 16433-16614 | segment 16

We had a good third quarter with a strong recovery in our hotel business year-over-year as tourism and business travel continued to rebound.

Jun 25, 2024 / CEO / receipt, needs a key / Alex Hsu, CEO | earnings call 2024-06-25 | transcript ebe8fb78-dfaf-4e07-b5f0-aa4fc17ee217 | chars 3314-3454 | segment 3