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SHANGHAI - Atour Lifestyle Holdings Limited (NASDAQ:ATAT), a leading hospitality and lifestyle company in China, reported first quarter 2025 financial results that showed strong revenue growth on Thursday.
The company’s the stock dipped slightly by 0.60% in pre-market trading following the announcement.
The company reported net revenues of RMB1.91 billion ($263 million) for Q1 2025, representing a 29.8% increase YoY. Adjusted earnings per share came in at RMB0.82 ($0.11).
Atour’s hotel network continued to expand rapidly, with 1,727 hotels and 194,559 rooms in operation as of March 31, 2025, up 32.6% and 31.3% YoY respectively.
However, RevPAR (revenue per available room) declined to RMB304 in Q1 2025 from RMB328 in Q1 2024, driven by lower occupancy rates of 70.2% compared to 73.3% last year.
The company’s retail business showed robust growth, with GMV increasing 70.9% YoY to RMB845 million.
"Amid market volatility in the first quarter of 2025, we delivered strong results and drove high-quality growth across our hotel and retail businesses by adhering to our business philosophy of ’serving people,’" said Haijun Wang, Founder, Chairman and CEO of Atour.
For the full year 2025, Atour expects total net revenues to increase by 25% to 30% compared to 2024.
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