A total of 1,302 hotels, or 148,149 hotel rooms, in operation as of March 31, 2024.Net revenues for the first quarter of 2024 increased by 89.7% year-over-year to RMB1,468 million (US$203 million), compared with RMB774 million for the same period of 2023.Net income for the first quarter of 2024 increased by 1326.0% year-over-year to RMB258 million (US$36 million), compared with RMB18 million for the same period of 2023.Adjusted net income (non-GAAP)1 for the first quarter of 2024 increased by 63.4% year-ove ...

Core Insights - Atour Lifestyle Holdings Limited reported significant growth in its financial performance for the first quarter of 2024, with net revenues increasing by 89.7% year-over-year to RMB1,468 million (US$203 million) and net income soaring by 1326.0% to RMB258 million (US$36 million) [1][7][15]. Financial Performance - Net revenues for Q1 2024 reached RMB1,468 million (US$203 million), up from RMB774 million in Q1 2023, driven by growth in manachised hotels and retail businesses [7][15]. - Net income for Q1 2024 was RMB258 million (US$36 million), a substantial increase from RMB18 million in Q1 2023 [15]. - Adjusted net income (non-GAAP) for Q1 2024 was RMB261 million (US$36 million), up 63.4% from RMB160 million in Q1 2023 [15][16]. - EBITDA (non-GAAP) for Q1 2024 was RMB351 million (US$49 million), representing a 291.3% increase from RMB90 million in Q1 2023 [16]. Operational Highlights - As of March 31, 2024, Atour operated 1,302 hotels with a total of 148,149 hotel rooms, marking a year-over-year increase of 34.5% in the number of hotels and 31.6% in hotel rooms [3][5]. - The average daily room rate (ADR) for Q1 2024 was RMB430, slightly down from RMB443 in Q1 2023 [3]. - The occupancy rate for Q1 2024 was 73.3%, compared to 72.5% in Q1 2023 [3]. - Revenue per available room (RevPAR) was RMB328 for Q1 2024, down from RMB337 in Q1 2023 [3]. Retail Business Performance - The gross merchandise value (GMV) from Atour's retail business was RMB495 million for Q1 2024, representing a remarkable increase of 277.4% year-over-year [4][5]. Revenue Breakdown - Revenues from manachised hotels increased by 87.1% to RMB836 million (US$116 million) in Q1 2024 [7][8]. - Revenues from leased hotels decreased by 10.3% to RMB168 million (US$23 million) in Q1 2024, attributed to a decline in RevPAR and renovations [8]. - Retail revenues surged by 268.9% to RMB417 million (US$58 million) in Q1 2024, driven by brand recognition and improved product offerings [8]. Cost and Expenses - Total operating costs and expenses for Q1 2024 were RMB1,154 million (US$160 million), up from RMB719 million in Q1 2023 [9][10]. - Hotel operating costs for Q1 2024 were RMB662 million (US$92 million), accounting for 65.9% of revenues from manachised and leased hotels [10]. - Selling and marketing expenses increased significantly to RMB175 million (US$24 million) in Q1 2024, reflecting enhanced investment in brand recognition [12]. Cash Flow and Debt - Operating cash inflow for Q1 2024 was RMB143 million (US$20 million) [16]. - As of March 31, 2024, the company had total outstanding borrowings of RMB92 million (US$13 million) and an unutilized credit facility of RMB420 million [17].

Core Insights - Atour Lifestyle Holdings Limited has released its 2023 Environmental, Social and Governance (ESG) report, highlighting its achievements in sustainability and corporate responsibility [1] - The report emphasizes Atour's commitment to ethical governance, employee benefits, community engagement, and sustainable practices [1] Company Overview - Atour Lifestyle Holdings Limited is a leading hospitality and lifestyle company in China, recognized as the upper midscale hotel chain and the first Chinese hotel chain to develop a scenario-based retail business [3] - The company aims to innovate within China's hospitality industry and create new lifestyle brands centered around hotel offerings [3]

SHANGHAI, China, May 09, 2024 (GLOBE NEWSWIRE) -- Atour Lifestyle Holdings Limited ("Atour" or the "Company") (NASDAQ:ATAT), a leading hospitality and lifestyle company in China, today announced that it will report its unaudited financial results for the first quarter 2024 on Thursday, May 23, 2024, before the U.S. markets open. The Company will host a conference call at 7:00 AM U.S. Eastern time on Thursday, May 23, 2024 (or 7:00 PM Beijing/Hong Kong time on the same day). A live webcast of the conference ...

While I have written quite a few articles lately on shifting some of your gains into defensive stocks and safe dividend stocks, I still think that it is very important to keep some potential multibagger growth stocks in your portfolio. No one truly knows where the market is headed. We may even see the rally continue. Even if it doesn’t, some of these growth stocks are trading near bargain-basement levels and are unlikely to go down further.They could end up defying the downtrend altogether and bounce back u ...

SHANGHAI, China, April 26, 2024 (GLOBE NEWSWIRE) -- Atour Lifestyle Holdings Limited ("Atour" or the "Company") (NASDAQ:ATAT), a leading hospitality and lifestyle company in China, today announced that the Company has filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the U.S. Securities and Exchange Commission ("SEC") on April 26, 2024. The annual report is available on the Company's investor relations website at https://ir.yaduo.com, and on the SEC's website at https://w ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ...

Investors looking for stocks in the Leisure and Recreation Services sector might want to consider either Royal Caribbean (RCL) or Atour Lifestyle Holdings Limited Sponsored ADR (ATAT) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes comp ...

Investment Rating - The report maintains a "BUY" rating for Atour Lifestyle (ATAT US) with a target price of US$ 23.68, reflecting a potential upside of 24.7% from the current price of US$ 18.98 [4][12]. Core Insights - The 4Q23 results slightly exceeded expectations, but the FY24E guidance was somewhat disappointing. However, there is optimism for sequential improvement due to a high base in the first half of the year, a strong occupancy rate compared to peers, and an improving PMI starting March 2024 [2][7]. - Revenue per available room (RevPAR) showed a year-to-date decline but improved quarter-over-quarter, with management targeting a flat recovery rate for FY24E [2][7]. - The company plans to open 360 new hotels in FY24E, aligning with previous expectations, and has a robust pipeline of 617 managed hotels under development [2][7]. Financial Summary - FY23 revenue reached RMB 4.7 billion, a 106.2% year-over-year increase, while net profit attributable rose by 651% to RMB 739 million [7][11]. - For FY24E, revenue is projected at RMB 5.96 billion, with a 27.8% year-over-year growth, and net profit is expected to reach RMB 1.16 billion, reflecting a 57.7% increase [3][9]. - The report indicates a slight improvement in adjusted net profit margin for FY24E, with a target of 19.5% [8][9]. Valuation Metrics - The current valuation stands at a P/E of 16x for FY24E, which is considered not demanding given the projected 3-year sales and net profit CAGR of 26% and 41%, respectively [2][4]. - The target price is based on a 20x FY24E P/E, rolled over from a previous 30x FY23E P/E, compared to peers' median of 18x [2][4]. Growth Initiatives - The company is focusing on increasing corporate customer enrollments, enhancing product offerings, and targeting robust retail sales growth, particularly through Tmall and Douyin channels [2][7]. - Management anticipates a small improvement in net profit margin due to better operational expense control and a stronger-than-expected retail sales performance [2][7].

SHANGHAI, April 3, 2024 /PRNewswire/ -- Atour Lifestyle Holdings Limited (NASDAQ: ATAT), a leading hospitality and lifestyle company in China, reported robust growth in 2023 fueled by a rebound in domestic travel and its focus on experience-led offerings.The company announced on its unaudited financial results on March 28,2024 for the fourth quarter and full year ended December 31, 2023. Net revenues for full year 2023 increased by 106.2% year-over-year to RMB4,666 million (US$657 million), compared with ...