Atour Lifestyle Holdings Limited

ATAT

Equity

ISIN null / Valor 112318799

NASDAQ (2025-11-21)

USD 37.09+4.86%

Atour Lifestyle Holdings Limited
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About company

Atour Lifestyle Holdings Limited (NASDAQ: ATAT) is a leading Chinese hospitality company recognized as the largest upper midscale hotel chain in China by room count as of 2023. The company manages over 1,200 hotels across nearly 200 cities, encompassing a diverse range of midscale to luxury brands. With an additional 617 hotels and nearly 63,000 rooms under development, Atour is actively expanding its footprint. The company operates a loyalty program, A-Card, which boasts over 63 million registered members, reflecting a strong and growing customer base. Atour leverages proprietary digital technologies to tailor its services, enhancing both customer experience and operational efficiency. Additionally, it integrates retail offerings within its hotel spaces, creating a comprehensive environment that links accommodation with shopping. Committed to innovation, Atour aims to advance China’s hospitality industry by developing new lifestyle brands and enhancing its service offerings.

Summarized from source with an LLMView SourceSector: Finance

Revenue Growth

Net revenues for the third quarter of 2024 surged by 46.7% year-over-year to RMB1,899 million (US$271 million), up from RMB1,294 million in the same period of 2023. This increase was primarily driven by substantial growth in both the manachised hotel and retail segments.

Net Income Increase

Net income for the third quarter of 2024 rose by 45.3% year-over-year to RMB381 million (US$54 million), compared to RMB262 million in Q3 2023. Adjusted net income (non-GAAP) also saw a significant rise of 41.2% to RMB384 million (US$55 million).

EBITDA Growth

EBITDA (non-GAAP) for the third quarter of 2024 increased by 42.9% year-over-year to RMB529 million (US$75 million). Adjusted EBITDA (non-GAAP) also grew by 40.0% to RMB532 million (US$76 million), reflecting the company’s effective cost management and operational efficiency.

Hotel Network Expansion

As of September 30, 2024, Atour operated 1,533 hotels with a total of 175,199 rooms, marking a 37.9% and 36.1% year-over-year increase in the number of hotels and rooms, respectively. The company's continuous expansion efforts included the opening of 140 new hotels during the quarter, setting a new quarterly record.

Retail Sector Performance

The retail business demonstrated robust growth with Gross Merchandise Value (GMV) increasing by 107.7% year-over-year to RMB566 million for the third quarter of 2024. This growth was driven by strong brand recognition and effective product innovation within the retail segment.

Summarized from source with an LLMView Source

Key figures

46.3%1Y

198%3Y

%5Y

Performance

42.2%1Y

60.4%3Y

60.4%5Y

Volatility