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Mar 31
Atour Q1 2025 Earnings Report
Atour reported strong top-line growth in Q1 2025, driven by retail momentum and hotel expansion, though profitability slightly declined.
Key Takeaways
Atour Lifestyle Holdings Limited generated $262.6 million in revenue in Q1 2025, supported by a surge in retail sales and continued hotel expansion. Net income decreased to $33.6 million, while adjusted EPS per ADS was $0.34.
Revenue reached $262.6 million, led by a strong retail segment.
Hotel footprint expanded to 1,727 properties with over 194,000 rooms.
Net income declined year-over-year to $33.6 million.
Operating cash flow was nearly flat at just $0.3 million.
Atour
Atour
Atour Revenue by Segment
Atour Revenue by Geographic Location
Revenue by Segment
Manachised Hotels Revenue
CapyFin.comLeased Hotels Revenue
CapyFin.comRetail Revenue
CapyFin.comOthers Revenue
CapyFin.comRevenue by Geographic Location
China Revenue
CapyFin.com Forward Guidance
Atour anticipates full-year 2025 revenue to grow 25%–30% over 2024, driven by hotel and retail business expansion.
Positive Outlook
- Revenue projected to grow 25–30% YoY in FY2025.
- 755 hotels in development signal future network growth.
- Retail momentum supports diversification of revenue streams.
- Atour 3.6 and Light 3.3 enhance brand segmentation.
- Strong liquidity position with $434 million in cash.
Challenges Ahead
- Net income declined despite revenue growth.
- Occupancy rate decreased to 70.2%.
- RevPAR fell from $327.9 to $304.4 YoY.
- Leased hotel revenues dropped from prior year.
- Minimal operating cash flow points to margin pressure.