Welcome to our dedicated page for Atour Lifestyle Holdings news (Ticker: ATAT), a resource for investors and traders seeking the latest updates and insights on Atour Lifestyle Holdings stock.
Atour Lifestyle Holdings Ltd (NASDAQ: ATAT), a leader in China's upper-midscale hospitality sector, combines innovative hotel management with integrated retail solutions. This dedicated news hub provides investors and industry professionals with timely updates on corporate developments shaping the evolving travel landscape.
Key resources include: Quarterly earnings announcements, strategic partnership details, operational expansion updates, and innovations in scenario-based retail offerings. Our curated feed ensures efficient tracking of ATAT's unique business model that merges hospitality services with lifestyle product ecosystems.
Bookmark this page for structured access to press releases covering franchise network growth, digital platform enhancements, and market leadership initiatives. Regular updates reflect ATAT's position at the intersection of hospitality innovation and consumer experience trends in China's dynamic travel sector.
Atour Lifestyle Holdings (NASDAQ: ATAT) reported a robust financial performance for Q1 2024. As of March 31, 2024, the company operated 1,302 hotels with 148,149 rooms, reflecting a 34.5% increase in hotels and a 31.6% increase in rooms year-over-year. Net revenues surged by 89.7% year-over-year to RMB1,468 million (US$203 million). Net income skyrocketed by 1326.0% to RMB258 million (US$36 million).
Adjusted net income rose 63.4% to RMB261 million (US$36 million), while EBITDA increased by 291.3% to RMB351 million (US$49 million). The retail sector saw a 268.9% revenue increase to RMB417 million (US$58 million). However, revenues from leased hotels fell by 10.3% to RMB168 million (US$23 million).
Operating costs and expenses rose to RMB1,154 million (US$160 million). Selling and marketing expenses increased to RMB175 million (US$24 million), and general and administrative expenses fell to RMB77 million (US$11 million). Overall, the company achieved significant growth, notwithstanding a decrease in leased hotel revenues and increased operating costs.
Atour Lifestyle Holdings (NASDAQ: ATAT), a leading hospitality and lifestyle company in China, released its 2023 Environmental, Social, and Governance (ESG) report on May 23, 2024.
This report highlights Atour's achievements in environmental initiatives, social responsibility, and corporate governance. The company emphasizes its dedication to ethical business governance, human-centered experiences, employee benefits, community engagement, and sustainable practices. Atour's ongoing efforts reflect its commitment to transparency and responsibility in the hospitality industry.
For more information and to download the full ESG report, visit: https://ir.yaduo.com/about-us/esg.
Atour Lifestyle Holdings , a leading hospitality and lifestyle company in China, will report its unaudited financial results for the first quarter of 2024 on May 23, 2024. The Company will host a conference call on the same day to discuss the results. Participants can join via webcast or telephone. Details for the conference call are provided below.
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