Atour Lifestyle Holdings Ltd - ATAT STOCK NEWS

Atour Lifestyle Holdings (NASDAQ: ATAT), a leading Chinese hospitality and lifestyle company, has released its 2024 Environmental, Social and Governance (ESG) report. The report outlines the company's progress in environmental protection, social responsibility, and corporate governance for the year ended December 31, 2024.

The company advanced its 'Chinese Experience, 2,000 Premier Hotels' strategy, achieving improvements in business scale and operational quality through its accommodation and retail businesses. Atour strengthened its ESG governance structure and enhanced efforts in key areas including customer experience, employee development, franchisee and supply chain empowerment, green operations, and community engagement.

Atour Lifestyle Holdings (NASDAQ: ATAT) reported strong financial results for Q4 and full year 2024. The company's hotel network expanded to 1,619 hotels with 183,184 rooms, representing year-over-year growth of 33.8% in hotel count.

Full-year 2024 net revenues increased by 55.3% to RMB7,248 million (US$993 million), while net income grew 72.2% to RMB1,273 million (US$174 million). The retail business showed remarkable growth with GMV reaching RMB2,592 million, up 127.7% year-over-year.

However, some key metrics declined: Average Daily Rate (ADR) decreased to RMB437 from RMB464, occupancy rate slightly dropped to 77.4% from 77.8%, and RevPAR fell to RMB351 from RMB377 compared to 2023. The company has 741 manachised hotels under development and projects a 25% revenue increase for 2025.

Atour Lifestyle Holdings (NASDAQ: ATAT), a leading hospitality and lifestyle company in China, has scheduled the release of its unaudited financial results for the fourth quarter and full year 2024. The results will be announced on Tuesday, March 25, 2025, before U.S. markets open.

The company will host a conference call at 7:00 AM U.S. Eastern time (7:00 PM Beijing/Hong Kong time) on the same day. Investors can access the live webcast through the company's investor relations website at ir.yaduo.com, where a replay will also be available after the session.

Atour Lifestyle Holdings reported strong Q3 2024 financial results with net revenues increasing 46.7% year-over-year to RMB1,899 million (US$271 million). The company's hotel network expanded to 1,533 hotels with 175,199 rooms, representing increases of 37.9% and 36.1% year-over-year respectively. Net income grew 45.3% to RMB381 million (US$54 million). The company's retail business showed significant growth with GMV increasing 107.7% to RMB566 million. RevPAR was RMB380, compared to RMB424 in Q3 2023. The company expects full-year 2024 total net revenues to increase by 48% to 52% compared with 2023.

Atour Lifestyle Holdings (NASDAQ: ATAT), a leading hospitality and lifestyle company in China, has announced it will release its unaudited financial results for the third quarter 2024 on Tuesday, November 19, 2024, before U.S. markets open. The company will host a conference call at 7:00 AM U.S. Eastern time (8:00 PM Beijing/Hong Kong time) on the same day. A live webcast will be available on the company's investor relations website, with a replay available after the session.

Atour Lifestyle Holdings (NASDAQ: ATAT), a leading hospitality company in China, has announced a three-year annual dividend policy. The company plans to distribute at least 50% of its net income as dividends each year for the next three years. For the current year, Atour has declared a cash dividend of US$0.15 per ordinary share (US$0.45 per ADS), totaling approximately US$62 million.

The dividend will be paid on or around September 30, 2024, to shareholders of record as of September 17, 2024. As of June 30, 2024, Atour had about RMB3.3 billion (US$457 million) in cash and equivalents. This policy aims to enhance shareholder value, with the exact dividend amount to be determined based on the company's financial position and performance.

Atour Lifestyle Holdings (NASDAQ: ATAT) reported strong Q2 2024 financial results. Net revenues increased 64.5% year-over-year to RMB1,797 million (US$247 million). Net income rose 27.1% to RMB304 million (US$42 million). The company's hotel network expanded to 1,412 hotels with 161,686 rooms, representing year-over-year increases of 36.6% and 34.3% respectively. Retail business GMV grew 157.6% to RMB620 million. Despite a slight decline in RevPAR due to high base effects, occupancy rates remained solid at 78.4%. The company maintains a positive outlook, expecting full-year 2024 net revenues to increase by 48% to 52% compared to 2023.

Atour Lifestyle Holdings (NASDAQ: ATAT), a leading hospitality and lifestyle company in China, has announced it will report its unaudited financial results for the second quarter 2024 on Thursday, August 29, 2024, before the U.S. markets open. The company will host a conference call at 7:00 AM U.S. Eastern time (7:00 PM Beijing/Hong Kong time) on the same day. Investors can access a live webcast of the conference call on Atour's investor relations website at https://ir.yaduo.com, with a replay available after the session. For those wishing to join via telephone, pre-registration is required using the provided link.

Atour Lifestyle Holdings (NASDAQ: ATAT) announced significant changes in its upper management. Mr. Hong Lu has resigned from his position as a director as of July 3, 2024, but will continue serving as the senior vice president. The Board has appointed Mr. Jianfeng Wu, Co-Chief Financial Officer and Executive Vice President, as a new director effective immediately. Mr. Wu, who oversees several key business areas, brings extensive experience from his previous roles at CMB International Capital and UBS Securities. Additionally, Atour has eliminated the Co-Chief Operating Officer position, meaning Mr. Xun Zhang and Mr. Gang Chen will no longer serve in this capacity but will retain key roles within the company.