China's Atour Q2 profit, revenue rise on widening manachised hotel network
ATAT•Outlook
- Atour expects 2026 full-year net revenues to increase by 30% year-over-year
Result drivers
- Manachised hotel expansion - Revenue growth was mainly driven by ongoing expansion of the manachised hotel network and supply chain business development
- Retail growth - Retail revenue rose on growing brand recognition and product innovation, with a broader product portfolio
- Leased hotel reduction - Revenue from leased hotels fell due to a decrease in the number of leased hotels as a result of product mix optimization
Quarterly results and expansion
- China hospitality and retail group's Q2 net revenue rose 41% yr/yr on hotel, retail growth
- Adjusted net income for Q2 rose 31% yr/yr
- Company opened 101 new hotels in Q2, total now 2,175 hotels and 242,526 rooms
Key financial details and analyst coverage
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | RMB 3.49 bln | ||
| Q2 Adjusted EPS |
