The increase was primarily driven by rising staff costs from our continued network expansion. The year-over-year increase in hotel operating costs was meaningfully lower than our revenue growth, thanks to our asset-light strategy.

Aug 20, 2024 / CFO / receipt, needs a key / Zhou Jun, CFO | earnings call 2024-08-20 | transcript 62ee82f6-673f-4ce6-9cad-23c7318b3891 | chars 21671-21901 | segment 22