Atour Lifestyle Holdings (ATAT) has released an update.
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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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