Atour Lifestyle (US:ATAT) Nan Fang Du Shi Bao·2025-08-27 11:22Financial Performance - In Q2 2025, the company reported a revenue increase of 37.4% year-on-year to 2.469 billion RMB, with net profit rising by 39.8% to 425 million RMB, and adjusted net profit increasing by 30.2% to 427 million RMB [2] - The total number of registered members reached 102 million, reflecting a year-on-year growth of 34.7% [2] - Retail business revenue grew nearly 80%, accounting for 39.08% of total revenue [2][6] Hotel Operations - The average daily rate (ADR) was 433 RMB, a decrease of 1.8% year-on-year but an increase of 3.6% quarter-on-quarter [3] - Occupancy rate (OCC) was 76.4%, down from 78.4% year-on-year but up from 70.2% quarter-on-quarter [3] - Revenue per available room (RevPAR) was 343 RMB, a year-on-year decline of 4.5% but a quarter-on-quarter increase of 12.8% [3] Expansion and Strategy - In Q2, the company opened 118 new hotels, totaling 239 openings in the first half of the year, while closing 34 hotels [5] - As of June 30, 2025, the total number of operating hotels was 1,824, with a total of 204,784 rooms, representing year-on-year growth of 29.2% and 26.7% respectively [5] - The company aims to open 500 new hotels by the end of the year and anticipates closing 70 to 80 underperforming hotels [5] Retail Business Growth - Retail business revenue increased by 79.8% to 965 million RMB, with a gross merchandise volume (GMV) growth of 84.6% to 1.144 billion RMB [6] - The gross margin for the retail business improved from 50.6% to 53.3% [6] - The company has raised its retail business growth guidance to 60% year-on-year [7] Market Outlook - The company expects RevPAR pressure to ease in Q3, with a narrower year-on-year decline anticipated [5] - The overall market is expected to face challenges due to increased supply, despite some resilience in leisure travel demand [5]