Atour Lifestyle Holdings Limited

Latest Results (14.08.2024):

Revenue Growth

Atour Lifestyle Holdings Limited reported a significant increase in net revenues for the first quarter of 2024, reaching RMB1,468 million (US$203 million). This represents an 89.7% year-over-year growth compared to RMB774 million for the same period in 2023. The growth was primarily driven by the expansion of their manachised hotel and retail businesses.

Net Income Surge

For the first quarter of 2024, Atour Lifestyle Holdings Limited achieved a remarkable increase in net income, which surged by 1326.0% year-over-year to RMB258 million (US$36 million). This is a substantial rise from the RMB18 million reported in the first quarter of 2023.

Operational Expansion

As of March 31, 2024, Atour Lifestyle Holdings Limited had 1,302 hotels in operation, totaling 148,149 hotel rooms. This marks a year-over-year increase of 34.5% in the number of hotels and 31.6% in the number of hotel rooms, reflecting the company's rapid expansion in the hospitality sector.

Retail Business Performance

Revenues from Atour Lifestyle Holdings Limited's retail business for the first quarter of 2024 saw a significant increase of 268.9%, reaching RMB417 million (US$58 million). This growth was attributed to the widespread recognition of their retail brands and improved product development and distribution capabilities.

EBITDA Improvement

Atour Lifestyle Holdings Limited reported an EBITDA (non-GAAP) of RMB351 million (US$49 million) for the first quarter of 2024, marking a 291.3% year-over-year increase from RMB90 million in the same period of 2023. This improvement underscores the company's enhanced operational efficiency and profitability.