On the international front, our overseas market continues to ride on the growth trajectory and progress towards full recovery to the pre-pandemic level. Overall, hotel bookings in our global platforms in Q3 grew by over 45% versus 2019 and have surpassed 2019 level for three consecutive quarters. The reopening of borders and lifting of quarantine measures in Asia was bringing relief to the travel industry in the region. The current upswing presents an opportunity for us to further dive into the global optimization strategy.

Dec 14, 2022 / CEO / receipt, needs a key / James Liang, CEO | earnings call 2022-12-14 | transcript 989d7bac-463c-4a97-8eb8-fbe5d4b7954c | chars 3058-3587 | segment 3

As the global market continues to recover with China markets heading towards further relaxation, we are now standing right at the turning point. We remain confident and positive in the long-term growth potential of the travel industry and our capability and position in the market. While being cautious to the near-term concerns and uncertainties, we are fully prepared to rekindle the magic of travel.

Dec 14, 2022 / CEO / receipt, needs a key / James Liang, CEO | earnings call 2022-12-14 | transcript 989d7bac-463c-4a97-8eb8-fbe5d4b7954c | chars 4201-4603 | segment 4