Atour Lifestyle Holdings (ATAT) has released an update.
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Atour Lifestyle Holdings reported a robust 46.7% increase in net revenues for Q3 2024, reaching RMB1,899 million, driven by significant growth in its manachised hotel and retail sectors. The company expanded its hotel network by 37.9% with 140 new openings, while its retail business saw a 107.7% year-over-year surge in GMV, showcasing its dynamic expansion strategy. Despite a slight drop in occupancy rates, Atour continues to strengthen its market presence with the introduction of the upscale SAVHE Hotel brand.
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