Atour Lifestyle reports Q1 adjusted EPS RMB0.82 vs. RMB0.63 last year

Reports Q1 revenue RMB1.91B, consensus $1.88B. Q1 ADR was RMB418 vs. RMB430 for the same period of 2024 and RMB420 for the previous quarter. Occupancy rate was 70.2% for Q1 vs. 73.3% for the same period of 2024 and 77.0% for the previous quarter. RevPAR was RMB304 for Q1 vs. RMB328 for the same period of 2024 and RMB337 for the previous quarter. “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 CEO Haijun Wang. “Our hotel network continued to expand with 121 new openings this quarter, bringing the total to 1,727 hotels in operation. Leveraging deep market insights, we launched Atour 3.6 to reinforce our leading position in the upper-midscale segment. We also introduced Atour Light 3.3, the latest iteration to our Atour Light brand, supporting steady progress toward our goal of ‘1,000 Atour Light hotels.’ In the first quarter, our retail business sustained robust momentum as the Atour Planet deep-sleep experience continues to shape user perception, with GMV increasing by 70.9% year-over-year to RMB845M. Looking ahead, we will remain committed to our core ‘Chinese Experience’ strategy, enhancing brand awareness and product offerings, and deepening integration between our hotel and retail businesses to deliver increasingly elevated experiences for our customers. These efforts will solidify Atour’s position as a leading lifestyle group and drive sustainable, high-quality growth”.