Latest news with #Atour
South China Morning Post
4 days ago
- Business
- South China Morning Post
China's bankers ditch global hotel chains as travel budgets bite
These days, Shanghai-based banker Jason Zhang can no longer stay at the Westin hotel in Beijing's financial district after his company cut its travel budget. Instead, he had to settle for a cheaper domestic hotel chain. To his surprise, the discount in room rate did not lead to a discount in experience. Yes, the expansive breakfast buffet is gone, but Zhang relishes the local dishes served at the domestic chain Atour. Its pillows and comforters are so popular that many guests buy them after checking out. There's no scramble to pack and leave in the morning as checkout can wait until 6pm. Zhang is not alone in switching hotels. Chinese banks have scaled back travel perks since last year, barring staff from flying business class and booking pricey hotels, as China's economy slows and companies tighten their purse strings. And while it is making things tough for the top-end international brands, the greater financial prudence has opened up opportunities for smaller local chains that focus on the needs of business travellers. While spending on work-related travel in China slowed in 2024, it still grew to a record US$372.5 billion, according to market researcher China Trading Desk. But much of the growth is being captured by hotels offering modest accommodation rather than the luxury end of the spectrum. Mid-range local brands could expand their market share to 75 per cent by 2028 from 45 per cent in 2023, the consultancy says. That is giving domestic chains a boost. Atour Lifestyle Holdings posted record revenue growth of 55.3 per cent to 7.25 billion yuan (US$1 billion), thanks in part to sales of its pillows and comforters. Another hotel chain, H World Group, saw revenue jump almost 10% year-on-year.
Bloomberg
4 days ago
- Business
- Bloomberg
China's Bankers Ditch Global Hotel Chains as Travel Budgets Bite
These days, Shanghai-based banker Jason Zhang can no longer stay at the Westin hotel in downtown Beijing's financial district after his company cut its travel budget. Instead, he had to settle for a cheaper domestic hotel chain. To his surprise, the discount in room rate didn't lead to a discount in experience. Yes, the expansive breakfast buffet is gone, but Zhang relishes the local dishes served at the domestic chain Atour. Its pillows and comforters are so popular that many guests buy them after checking out. There's no scramble to pack and leave in the morning as checkout can wait until 6 p.m.
Yahoo
22-05-2025
- Business
- Yahoo
Atour Lifestyle Holdings (NasdaqGS:ATAT) Announces $400M Share Buyback And New Revenue Guidance
Atour Lifestyle Holdings saw its stock price rise by 30% over the last month following several key announcements. The company reported increased quarterly revenue despite a decline in net income, which suggests improved operational performance. A new buyback program aiming to repurchase shares and enhance shareholder value could have positively influenced the share price. The dividend decrease may have added some balanced weight contrary to the upward movement, but the overall market momentum, as reflected by broader market rebounds, supported a positive sentiment around the stock's performance. Buy, Hold or Sell Atour Lifestyle Holdings? View our complete analysis and fair value estimate and you decide. AI is about to change healthcare. These 21 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early. Recent developments at Atour Lifestyle Holdings, including the initiation of a share buyback program, have garnered positive investor sentiment, potentially contributing to a solid annual total return of 75.52% in a one-year period ending May 2025. While the company's stock surged by 30% in the last month, the one-year return outperformed both the US market's 9.1% and the US Hospitality industry's 10.5% returns over the same period. This highlights the market's favorable response to Atour's operational advancements and planned expansions. The announcements align well with the company's narrative of expanding its reach through the introduction of the Atour Light 3.0 brand and investments in the sleep economy, suggesting a promising outlook for revenue and earnings growth. However, challenges such as sustaining RevPAR stability and managing increased costs could pose headwinds. The recent decrease in dividends may impact investor attraction despite the anticipated market presence growth through 2,000 premier hotels by 2025, which is critical for revenue enhancement. With analysts setting a consensus price target of US$36.39, the stock's current price of US$24.18 suggests a discount of 33.5%, indicating room for possible upward price adjustments if forecasts hold true. Such a move would align with assumptions of 19.5% annual revenue growth and an increase in net margins, driven by strategic initiatives like retail expansion and innovative product offerings in the sleep economy. Investors and stakeholders should consider these factors while evaluating the company's potential to meet or exceed these expectations in the coming years. Our valuation report here indicates Atour Lifestyle Holdings may be undervalued. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqGS:ATAT. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10-04-2025
- Business
- Yahoo
Atour Lifestyle Holdings (NasdaqGS:ATAT) Reports Strong Q4 2024 Earnings Despite Decline In Sales
Atour Lifestyle Holdings recently reported its fourth quarter and full-year 2024 earnings, showing a strong increase in net income and revenue despite a decline in sales. The firm anticipates a 25% rise in total net revenues for 2025 and plans to open 500 new hotels during the year. Despite these positive developments, the company's stock declined by 11% over the last quarter. This decline occurred amidst a broader market downturn, with the Nasdaq sliding by 6%, largely driven by concerns in the tech sector. The broader market environment likely added weight to Atour's share price movement. Buy, Hold or Sell Atour Lifestyle Holdings? View our complete analysis and fair value estimate and you decide. The end of cancer? These 23 emerging AI stocks are developing tech that will allow early identification of life changing diseases like cancer and Alzheimer's. The recent earnings report from Atour Lifestyle Holdings, which indicated robust growth in net income and revenue, aligns with the company's expansion plans, including opening 500 new hotels in 2025 and a 25% projected rise in total net revenues for the year. However, the stock's decline of 11% over the last quarter amidst a broader market downturn must be viewed with caution. The broader market factors, such as the Nasdaq's 6% slide due to tech sector concerns, likely influenced this decline, notwithstanding the company's positive long-term growth outlook. Over the past year, Atour's total shareholder returns, which include share price gains and dividends, reached 29.70%. This strong performance outpaced the likes of the US Hospitality industry, which returned only 1.6% over the same period. Additionally, Atour's earnings grew 73% over the past year, far exceeding the industry average. This indicates the company's ability to capitalize on growth opportunities effectively. The news regarding the company's earnings, alongside its aggressive growth initiatives, suggests potential upward revisions in revenue and earnings forecasts. Analysts forecast annual revenue growth of 19.4% and an earnings growth rate of 21.5%, driven by expansion in both hotel and retail operations. Despite the stock trading lower recently, the consensus analyst price target stands at US$36.36, reflecting a 33.9% premium over the current share price of US$24.02. This implies a potential upside, highlighting a possible market misalignment with the company's anticipated growth trajectory. Gain insights into Atour Lifestyle Holdings' historical outcomes by reviewing our past performance report. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqGS:ATAT. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
