Atour Lifestyle Holdings Limited ( (ATAT) ) has released its Q4 earnings. Here is a breakdown of the information Atour Lifestyle Holdings Limited presented to its investors.
Atour Lifestyle Holdings Limited is a leading hospitality and lifestyle company in China, known for its diverse portfolio of lifestyle hotel brands and its pioneering scenario-based retail business in the hospitality industry.
Atour Lifestyle Holdings Limited reported significant growth in its financial performance for the fourth quarter and full year of 2024, with net revenues increasing by 38.5% and 55.3% respectively, driven by expansion in its hotel network and retail business.
The company saw a substantial rise in net income, which increased by 50.5% in the fourth quarter and 72.2% for the full year. The growth was fueled by a 33.8% increase in the number of hotels and a 127.7% surge in retail GMV. Despite a decrease in average daily room rates and occupancy rates, the company’s strategic focus on expanding its manachised hotels and retail offerings contributed to its robust financial results.
Atour’s EBITDA and adjusted EBITDA also showed impressive growth, with increases of 77.2% and 76.5% respectively for the fourth quarter, and 66.8% and 46.8% for the full year. The company’s strategic emphasis on brand recognition and product innovation in its retail sector played a crucial role in these achievements.
Looking ahead to 2025, Atour Lifestyle Holdings Limited aims to continue strengthening its core capabilities and brand influence, with expectations of a 25% increase in total net revenues, as it seeks to further integrate its accommodation and retail sectors for sustained long-term growth.