Workflow
Atour Lifestyle Holdings Limited Reports First Quarter of 2025 Unaudited Financial Results
ATATAtour Lifestyle (ATAT) GlobeNewswire·2025-05-22 10:00

Core Viewpoint - Atour Lifestyle Holdings Limited reported strong financial results for the first quarter of 2025, demonstrating significant growth in both hotel and retail segments despite market volatility. The company continues to expand its hotel network and enhance its retail offerings, aiming for sustainable, high-quality growth in the hospitality industry in China [7][9]. Financial Performance - Net revenues for Q1 2025 increased by 29.8% year-over-year to RMB1,906 million (US263million)[8][10].−NetincomeforQ12025decreasedby5.5263 million) [8][10]. - Net income for Q1 2025 decreased by 5.5% year-over-year to RMB244 million (US34 million) [25]. - Adjusted net income (non-GAAP) for Q1 2025 increased by 32.3% year-over-year to RMB345 million (US48million)[25].−EBITDA(non−GAAP)forQ12025increasedby6.148 million) [25]. - EBITDA (non-GAAP) for Q1 2025 increased by 6.1% year-over-year to RMB372 million (US51 million) [27]. - Adjusted EBITDA (non-GAAP) for Q1 2025 increased by 33.8% year-over-year to RMB474 million (US65million)[27].OperationalHighlights−AsofMarch31,2025,Atouroperated1,727hotelswithatotalof194,559hotelrooms,reflectingyear−over−yearincreasesof32.665 million) [27]. Operational Highlights - As of March 31, 2025, Atour operated 1,727 hotels with a total of 194,559 hotel rooms, reflecting year-over-year increases of 32.6% in the number of hotels and 31.3% in hotel rooms [2]. - The company had 755 manachised hotels under development in its pipeline [2]. - The average daily room rate (ADR) was RMB418 for Q1 2025, a slight decrease from RMB430 in Q1 2024 [3]. - The occupancy rate was 70.2% for Q1 2025, down from 73.3% in Q1 2024 [3]. - Revenue per available room (RevPAR) was RMB304 for Q1 2025, compared to RMB328 for the same period in 2024 [3]. Retail Business Performance - Gross merchandise value (GMV) from the retail business was RMB845 million for Q1 2025, representing a year-over-year increase of 70.9% [6][9]. - Revenues from retail increased by 66.5% year-over-year to RMB694 million (US96 million) [14]. Cost and Expense Management - Operating costs and expenses for Q1 2025 totaled RMB1,565 million (US216million),includingRMB102millioninshare−basedcompensationexpenses[17].−HoteloperatingcostsincreasedtoRMB736million(US216 million), including RMB102 million in share-based compensation expenses [17]. - Hotel operating costs increased to RMB736 million (US101 million) for Q1 2025, accounting for 63.4% of manachised and leased hotels' revenues [18]. - Selling and marketing expenses rose to RMB283 million (US$39 million), reflecting increased investment in brand recognition [21]. Future Outlook - For the full year of 2025, the company expects total net revenues to increase by 25% to 30% compared to 2024 [30].