Atour Lifestyle Holdings Reports Q4 and Full Year 2024 Financial Results
Shanghai, China – March 25, 2025 – Atour Lifestyle Holdings Limited (Atour or the Company), a prominent player in China’s hospitality and lifestyle industry, has recently released its unaudited financial results for the fourth quarter and full year ended December 31, 2024. The report highlights the company’s resilience and growth amidst the ever-evolving business landscape.
Financial Highlights
For the full year 2024, Atour reported a revenue of RMB 6.0 billion (approximately USD 910 million), representing a 33.7% year-over-year increase. The company’s net income attributable to Atour’s ordinary shareholders reached RMB 1.0 billion (approximately USD 153 million), marking a significant improvement from the previous year’s net income of RMB 376.8 million (approximately USD 56 million).
Fourth quarter revenue stood at RMB 1.7 billion (approximately USD 256 million), representing a 33.4% increase year-over-year. The net income attributable to Atour’s ordinary shareholders was RMB 312.3 million (approximately USD 47 million), a 120.9% increase compared to the same period last year.
Business Operations
Atour’s hospitality business continued to be a major contributor to its revenue growth. The company operates over 3,000 hotels and serviced apartments under various brands. In 2024, the hospitality business generated RMB 5.7 billion (approximately USD 863 million) in revenue, representing a 34.8% year-over-year increase.
Moreover, Atour’s lifestyle business, which includes its fitness, education, and other services, reported revenue of RMB 341.7 million (approximately USD 52 million) for the full year, up 16.5% from the previous year. This segment is expected to continue growing as Atour expands its offerings and reaches more customers.
Impact on Consumers
Atour’s strong financial performance is expected to lead to improved customer experiences. The company plans to invest in technology and infrastructure to enhance its offerings, including upgrading its hotels and serviced apartments, expanding its lifestyle services, and exploring new business opportunities.
Impact on the World
Atour’s growth underscores the increasing demand for hospitality and lifestyle services in China. With a growing middle class and a focus on wellness and convenience, the market for these services is expected to continue expanding. Additionally, Atour’s success may inspire other companies to invest in similar businesses, leading to increased competition and innovation.
Conclusion
Atour Lifestyle Holdings’ impressive financial results for the fourth quarter and full year 2024 demonstrate the company’s ability to adapt and thrive in a rapidly changing business environment. With a strong focus on customer experience and innovation, Atour is well-positioned to continue growing and contributing to the hospitality and lifestyle industries in China and beyond.
- Atour Lifestyle Holdings reported strong financial results for the fourth quarter and full year 2024, with revenue of RMB 6.0 billion (approximately USD 910 million) and net income of RMB 1.0 billion (approximately USD 153 million).
- The hospitality business, which includes over 3,000 hotels and serviced apartments, was a major contributor to the revenue growth, generating RMB 5.7 billion (approximately USD 863 million) in revenue.
- Atour’s lifestyle business, which includes fitness, education, and other services, reported revenue of RMB 341.7 million (approximately USD 52 million) for the full year, up 16.5% from the previous year.
- The company plans to invest in technology and infrastructure to enhance its offerings and expand its business.
- Atour’s success highlights the increasing demand for hospitality and lifestyle services in China and the potential for growth in this market.
