---
title: "News: Strong growth in retail and hotel management business drives Atour's revenue surge"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286359549.md"
description: "Atour Lifestyle Holdings Limited announced its Q1 2023 financial report, with revenue increasing by 47.5% year-on-year to RMB 2.81 billion (USD 414 million), surpassing last year's RMB 1.91 billion. Revenue from hotel management business grew by 51.9% to RMB 1.57 billion, while revenue from leased hotels decreased by 8% to RMB 118 million, and revenue from retail business increased by 54.4% to RMB 1.07 billion. Net profit surged by 90% year-on-year to RMB 463 million. Following the earnings announcement, Atour's US stock fell by 3.4%, with a cumulative decline of about 6% this year"
datetime: "2026-05-14T05:00:52.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286359549.md)
  - [en](https://longbridge.com/en/news/286359549.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286359549.md)
---

# News: Strong growth in retail and hotel management business drives Atour's revenue surge

Hotel operator **Atour Lifestyle Holdings Limited** (ATAT.US) announced on Wednesday that driven by the growth of hotel management and retail businesses, its revenue for the first quarter of this year increased by 47.5% year-on-year to RMB 2.81 billion (USD 414 million), surpassing last year's RMB 1.91 billion.

During the period, the company's hotel management business revenue grew by 51.9% year-on-year to RMB 1.57 billion; revenue from leased hotels fell by 8% to RMB 118 million. Retail business revenue surged by 54.4% year-on-year to RMB 1.07 billion, primarily selling room products such as pillows and tea.

The company's net profit for the first quarter increased by 90% year-on-year to RMB 463 million, higher than last year's RMB 244 million. Adjusted net profit, excluding certain non-cash items, grew by 42% year-on-year to RMB 490 million, compared to RMB 345 million in the same period last year.

After the earnings announcement, Atour's U.S. stock fell by 3.4% on Wednesday. The stock has declined approximately 6% year-to-date.

_Yang Ge_

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