Atour Lifestyle Holdings (ATAT) has released an update.
Atour Lifestyle Holdings Limited experienced a robust first quarter in 2024, with a significant 89.7% increase in net revenues reaching RMB1,468 million, and a staggering 1326.0% surge in net income to RMB258 million. The company’s hotel and retail segments showed impressive growth, with a 34.5% year-over-year expansion in hotel operations and a 277.4% increase in retail business GMV. This financial upswing reflects Atour’s commitment to enhancing the ‘Chinese experience’ for its customers and a strong focus on environmental, social, and governance initiatives.
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