Atour Lifestyle Q2 Earnings Call Highlights
MarketBeat
Thu, August 20, 2026 at 6:34 PM GMT+5:30
6 min read
- ATAT
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Atour’s second-quarter revenue rose 41.4% year over year to RMB3.42 billion, driven by managed-hotel expansion and a 63.2% surge in retail revenue. Management maintained its full-year revenue growth target of 30% and raised its retail growth guidance to 40%
Hotel performance remained broadly stable, with overall RevPAR at 100.7% of the prior-year level, while the network expanded to 2,175 hotels after 101 openings. Atour maintained its full-year opening plans and expects about 80 closures
Profit margins weakened as lower-margin supply-chain and retail businesses grew faster and marketing investments increased; adjusted net margin fell to 16.0%. The company still expects a modest full-year decline in net profit margin despite holding RMB3.7 billion in net cash
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Atour Lifestyle (NASDAQ:ATAT) reported second-quarter 2026 revenue growth of 41.4% year over year, supported by continued expansion in its managed hotel network and a 63.2% increase in retail revenue. Management maintained its full-year revenue outlook for 30% growth while raising its retail revenue growth target to 40%
Net revenues for the quarter reached RMB3.42 billion. EVP and Co-CFO Jianfeng Wu said managed-hotel revenue rose 32.8% to RMB1.73 billion, primarily reflecting hotel-network expansion and supply-chain business development. Revenue from leased hotels declined 11.8% to RMB132 million as the number of leased hotels fell to 19 at June 30, from 24 a year earlier
Hotel RevPAR Holds Near Prior-Year Levels
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Founder, Chairman and CEO Haijun Wang said second-quarter revenue per available room, or RevPAR, was RMB345.4, equal to 100.7% of the level reported in the same quarter of 2025. Average daily rate was 101.2% of the prior-year level, while occupancy was 99.7% of the year-earlier level
For mature hotels operating more than 18 months, RevPAR was RMB336.8, or 97% of the prior-year level. Average daily rate and occupancy at mature hotels were 98.3% and 99.0%, respectively, of their year-earlier levels
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Atour opened 101 hotels during the quarter, bringing its operating network to 2,175 hotels at quarter-end. Its development pipeline totaled 811 hotels. The company said its central reservation system accounted for 61.5% of room nights sold, including a 20.4% contribution from corporate members
