Atour Posts Strong Growth in Q2 2024 Earnings

Atour Lifestyle Holdings (ATAT) has released an update.

Atour Lifestyle Holdings Limited saw significant growth in Q2 of 2024, with net revenues rising by 64.5% to RMB 1.8 billion, and net income up by 27.1% to RMB 304 million. The expansion of the company’s hotel network, which now includes 1,412 hotels, and a substantial 157.6% increase in the gross merchandise value of retail operations, contributed to the robust financial performance. Despite a slight decline in revenue per available room, the occupancy rate improved, indicating continued strong demand for Atour’s hospitality services.

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