ProfitQuotes.com
symbol lookup  commodity list
Bookmark This Page
Daily Dividend Report: PH, SYY, XOM, CVX, BAC

Fri, 26 Apr 16:24:29 GMT
Daily Dividend Report: PFE, SCHW, CI, MPC, AVY

Thu, 25 Apr 17:45:00 GMT
Portfolio Channel
Free Energy Dividend Stock Report
Free Dividend Report - Top Ranked Stocks
Free Dividend Paying Gold/Metals Stocks Report
Get a quote box (like the one below) for your site!
ProfitQuotes.com Commodities Quotes
commodity quotes list
energy quotes  gold quotes
uranium stocks  
solar power stocks

wind power stocks

Industry focus:

advertising stocks,
space stocks,
aerospace stock,
aerospace sector,
list of aerospace companies,
largest chemical companies,
chemical stock,
chemical news,
best agriculture stocks,
ag stocks,
chinese agriculture stocks,
top agriculture companies,
agriculture stocks,
agricultural stocks,
agricultural stock,
stocks agriculture,
agriculture markets,
agriculture index,
agriculture industries,
agricultural investment,
agriculture investment,
agricultural industry,
farm stock,
airline stock symbols,
airline stock prices,
airline stock,
airlines stock,
clothing stock,
fashion stocks,
publicly traded fashion companies,
clothing company stocks,
apparel stock,
apparel companies,
application software stocks,
asset management stocks,
auto stocks,
auto industry stocks,
chinese auto stocks,
auto stock prices,
automotive stock,
auto parts stocks,
community bank stocks,
regional bank stocks,
canadian bank stocks,
banking stock,
national bank stocks,
commercial bank stock,
banks stock,
bank stock quote,
bank stocks,
banking industry,
alcohol stocks,
beverage stock,
global wine stocks,
wine stocks,
liquor stock,
biotech stocks list,
biotechnology investing,
public biotech companies,
top biotech stocks,
nanotechnology stock,
largest biotech companies,
biotechnology stock,
biotech investing,
investing in biotech,
best biotech companies,
bio stocks,
biotech sector,
biotechnology investment,
biopharma companies,
new biotech companies,
biotech investment,
biotechnology industries,
nanotech stocks,
biotech stocks,
biotechnology articles,
biotechnology news,
business stocks,
service stocks,
chemical companies,
chemical industries,
chemical industry,
chemical company,
chemicals company,
cigarette stock,
cigarette company stocks,
cigarette stock symbols,
tobacco company stocks,
tobacco stock,
cigar stocks,
communications stocks,
communication stock,
computer peripherals companies,
computer peripherals,
computers stocks,
computer stock,
computer web,
internet stocks,
construction stocks,
machinery stocks,
builders stocks,
building stocks,
consumer goods stocks,
consumer services stocks,
consumer services companies,
lending stocks,
mortgage banking,
lending companies,
mortgage bankers,
loan services,
mortgage services,
mortgage bank,
loan bank,
defense stocks,
defensive stock,
department store stocks,
diagnostic company,
diagnostic companies,
pharmaceuticals stocks,
drug stocks,
drug company stocks,
pharma stock,
education stocks,
college stock,
electric utility stocks,
electric company stocks,
electric utilities stocks,
utility stocks,
utilities stocks,
power equipment companies,
electrical supply companies,
electronic stocks,
entertainment stock,
movie stocks,
movies companies,
movie company,
cefs,
open ended and closed ended mutual funds,
closed ended investment,
closed ended fund,
bonds fund,
closed end,
food stock,
game stock,
gambling stocks,
casino stocks,
gaming stocks list,
gaming stocks,
gas utility companies,
gas company stocks,
construction industries,
builders contractors,
construction services,
construction industry,
grocery store stocks,
supermarket stock,
drug store stocks,
home stocks,
furniture stock,
home improvement stocks,
medical company stocks,
top medical stocks,
medical stock,
hospital stock,
medical supply stocks,
medical technology stocks,
medical device stocks,
medical equipment stocks,
copper mining,
palladium mining stocks,
mining metals,
mining,
mining news,
gold exploration,
mining share price,
lithium mines,
mining industries,
international mining companies,
mining information,
molybdenum mining companies,
nickel mining companies,
metals and mining stocks,
gold and silver mining stocks,
copper mining companies,
rare earth mining companies,
rare metals stocks,
rare earth stocks,
metals stocks,
welding stock,
nonprecious metals,
non metallic mining,
office supplies companies,
office supply companies,
oil services stocks,
oil pipeline stocks,
gas pipeline stocks,
gas pipeline companies,
pipeline companies,
natural gas pipeline companies,
oil services companies,
oil field services,
oil service stocks,
natural gas pipelines,
oilfield service companies,
oil and gas pipeline companies,
oil gas pipeline,
oil exploration stocks,
oil exploration sector,
oil exploration companies,
oil drilling stocks,
oil drilling companies,
oil production companies,
china oil companies,
brazil oil companies,
china oil stocks,
brazil oil stocks,
oil companies,
oil stocks,
oil drilling,
oil exploration,
offshore oil drilling companies,
list of oil drilling companies,
oil and gas exploration,
oil and gas drilling,
oil and gas stocks,
oil and gas drilling companies,
oil refining companies,
oil marketing companies,
oil refining stocks,
oil refining sector,
oil refinery companies,
oil refinery stocks,
major oil companies,
oil sector,
oil refinery,
oil refinery company,
oil company,
oil marketing company,
oil refining company,
oil refining industry,
major oil companies list,
oil and gas companies,
crude oil stocks,
packaging companies,
container companies,
packaging stocks,
packaging sector,
container sector,
pulp stocks,
paper stocks,
timber stocks,
pulp companies,
paper companies,
timber companies,
timber trusts,
cardboard companies,
paper sector,
timber sector,
paper companies list,
silver mining companies,
gold mining companies,
gold mining sector,
precious metal stocks,
mining companies,
exploration sector,
mining sector,
exploration stocks,
mining stocks,
silver stocks,
gold stocks,
gold mining stocks,
silver mining stocks,
silver mining company,
canadian mining companies,
gold mining,
gold mining company,
mining company,
list of mining companies,
gold stocks list,
largest gold mining companies,
silver mining,
printing companies,
printing stocks,
printing sector,
newspaper stocks,
newspaper sector,
newspaper companies,
publishing stocks,
publishing sector,
publishing companies,
digital media companies,
digital media stocks,
digital media sector,
book publishing companies,
digital media company,
publishing company,
railroad stocks,
railroad sector,
railroad companies,
railroad company,
railroad investment,
major railroad companies,
real estate companies,
real estate stock,
real estate public companies,
real estate investing,
real estate investments,
real estate sector,
commercial real estate investing,
real estate investment firms,
real estate investing guide,
REITs,
real estate investment trust,
REIT sector,
REIT stocks,
REITs sector,
REITs stock,
public REITs,
real estate investment trusts,
real estate investment trust companies,
real estate investment trusts REITs,
real estate investment companies,
real estate investment company,
real estate investment trust REIT,
rubber stocks,
plastic stocks,
rubber companies,
plastic companies,
rubber sector,
plastic sector,
plastic manufacturing companies,
rubber company,
plastic company,
semiconductor stocks,
semiconductor investments,
semi stocks,
semiconductor companies,
semiconductor sector,
shipping stocks,
dry bulk stocks,
container stocks,
dry bulk shipping,
dry bulk shipping companies,
tanker stocks,
shipping companies,
shipping sector,
specialty retail,
retail stocks,
retail investing,
retail store stocks,
consumer stocks,
consumer investment,
retail companies,
retail sector,
sports stocks,
sports investing,
sporting goods stocks,
sports investments,
sporting goods companies,
sporting goods sector,
stock message boards,
television stocks,
television investment,
radio stocks,
radio invest,
media stocks,
media invest,
media investment,
media investing,
television companies,
television sector,
radio sector,
radio companies,
media companies,
media sector,
textile stocks,
apparel stocks,
textile investment,
textile companies,
textile sector,
apparel sector,
freight investment,
transportation investment,
truck investment ,
freight stocks,
transportation stocks,
trucking stocks,
trucking companies,
trucking sector,
waste management stocks,
waste stocks,
recycling stocks,
waste investment,
waste companies,
waste sector,
water stocks,
water utilities,
water investing,
water investment,
water companies,
water sector

Home Oil & Gas Electricity Metals Treasuries Stocks My Portfolios Forex
News - Full Story
 Related Quotes
 Atour Lifestyle Holdings Ltd - Ameri  18   0.66  3.54%
 Enter Symbols: 
Atour Lifestyle Holdings Limited Riding Waves of Shift to Experience-Focused Tourism

SHANGHAI, April 3, 2024 /PRNewswire/ -- Atour Lifestyle Holdings Limited (NASDAQ: ATAT), a leading hospitality and lifestyle company in China, reported robust growth in 2023 fueled by a rebound in domestic travel and its focus on experience-led offerings.

The company announced on its unaudited financial results on March 28,2024 for the fourth quarter and full year ended December 31, 2023.

Net revenues for full year 2023 increased by 106.2% year-over-year to RMB4,666 million (US$657 million), compared with RMB2,263 million for full year 2022. For full year 2023, adjusted net income (non-GAAP) was RMB903 million (US$127 million), representing an increase of 248.3% year-over-year compared with RMB259 million for full year 2022.

Atour, a trailblazer in the "lifestyle hotel" category, prioritizes delivering tailored, high-quality experiences for diverse consumers and scenarios. This commitment has earned it the trust and preference of both consumers and partners alike.

"We are pleased to deliver strong full-year results for 2023, as well as significant progress towards our goal to operate a nationwide network of 2,000 premier hotels by 2025 and establish the 'Chinese Experience' as the industry benchmark," said Mr. Haijun Wang, Founder, Chairman and CEO of Atour.

Beyond an uptake in financial figures, Atour also saw major business metrics rise rapidly in 2023.

In 2023, the average revenue per available room (RevPAR) and average daily rate (ADR) of Atour hotels have both exceeded the levels for the same period in 2019, reaching RMB377 and RMB464, up 44% and 19% year-over-year respectively. The occupancy rate (OCC) for full year 2023, which stood at 77.8%, has recovered to 106.0% of 2019's level.

Atour logged 576 new hotel signings in 2023, further bolstering its iconic "Chinese Experience, 2,000 Premier Hotels" strategy, whereby the hotel chain looks to operate 2,000 hotels by 2025.

As of December 31, 2023, Atour had 1,210 hotels in operation across its network, representing a year-on-year growth of 29.8%. Concurrently, there were 617 manachised hotels under development in its pipeline.

In 2023, the domestic tourism market in China continued to regain its vigor. Data from the Ministry of Culture and Tourism shows that domestic travelers made 4.89 billion trips throughout the year, up 93.3% year on year, while tourist spending totaled RMB4.91 trillion, a staggering 140.3% increase over the previous year.

Amid the post-pandemic recovery, the tourism market is reverting to pre-pandemic levels, fueling a surge in demand for personalized experiences as well as an upgrade within the hospitality sector.

Atour has led this transformation, capitalizing on its advantages in product innovation, operations, and digitalization.

In line with its differentiation strategy , Atour introduced Atour Light 3.0 in February 2023, a midscale offering that not only meets consumers' desire for quality accommodations and unique experiences, but also demonstrates its exceptional value proposition compared to similar brands in the industry.

Since its launch, Atour Light 3.0 has garnered 27 new hotel signings in the fourth quarter of 2023, with 25 already in operation. Strategically located in central business districts of second-tier cities and above, these hotels enhance Atour's accessibility to China's young business travelers and vacationers.

Additionally, the introduction of Atour 4.0 "With Nature", a flagship upper midscale hotel brand, underscores the company's multi-brand, experience-centric approach. Atour 4.0 caters to both travelers and leisure vacationers, offering combined leisure and business facilities. Since its debut in November 2023, the first batch of hotel signings have been completed in major domestic cities and business districts, with the first establishment scheduled to open in the first half of 2024.

To attract and retain members, Atour has enhanced its A-CARD membership system with additional high-value benefits, appealing particularly to younger demographics. These benefits span retail, dining, culture, arts, and sports, complementing the existing loyalty program. As of December 31, 2023, the number of registered members has surpassed 63 million, up 78% year-over-year.

In broadening its product and market scope, Atour intents on exploring new opportunities in the retail sector. Drawing insights from guest feedback, it has introduced a line of deep-sleep-inspired amenities.

This scenario-based retail business generated RMB1.14 billion in GMV for full year 2023, marking a 298.3% year-over-year increase. Among the merchandise, cumulative sales of Atour's best-selling Deep Sleep Pillow PRO hit 1.2 million units, while consumers snapped up more than 100,000 Deep Sleep Temperature Control Quilts.

The spike in sales underscores Atour's ability to meet real user needs, enabling it to expand its competitive edge in the mid- to high-end price segments.

From sleep-related products to other categories, its innovative approach has supplied the hospitality industry with a recipe for success.

Atour's digital capabilities underpin a seamless online-to-offline shopping experience, enhancing user satisfaction and unlocking greater potential for business growth. This integrated model promises to drive the company's long-term development, as the hotel and retail businesses tend to strengthen each other.

Looking ahead to the 11th year since its founding, Atour remains committed to enhancing its "Chinese Experience, 2,000 Premier Hotels" strategy and delivering more lifestyle innovations to customers. It also looks to collaborate with partners to push the boundaries in China's hospitality industry and celebrate success together.

About Atour Lifestyle Holdings Limited

Atour Lifestyle Holdings Limited (NASDAQ: ATAT) is a leading hospitality and lifestyle company in China, with a distinct portfolio of lifestyle hotel brands. Atour is the leading upper midscale hotel chain in China and is the first Chinese hotel chain to develop a scenario-based retail business. Atour is committed to bringing innovations to China's hospitality industry and building new lifestyle brands around hotel offerings.

Cision src=https://c212.net/c/img/favicon.png?sn=CN78760&sd=2024-04-03 View original content to download multimedia:https://www.prnewswire.com/news-releases/atour-lifestyle-holdings-limited-riding-waves-of-shift-to-experience-focused-tourism-302106994.html

SOURCE Atour Lifestyle Holdings Limited

<  back


TickerTech.com Private-label branded pages powered by TickerTech.com. Copyright © 2024 Ticker Technologies, All Rights Reserved. Quote data is at least 20 minutes delayed. NYMEX/COMEX data is at least 30 minutes delayed. Please read other important disclaimer information.
"No profit grows where is no pleasure ta'en: In brief, sir, study what you most affect." - William Shakespeare
Google
 

© Ticker Technologies, all rights reserved. Profitquotes.com is wholly owned by Ticker Technologies and serves to demonstrate the company's products to prospective clients. All quotes are in US Eastern Time (EST) and delayed at least 15 minutes. NYMEX/COMEX data delayed at least 30 minutes. Data is presented for informational purposes only and not intended for investment purposes. Nothing on this site should be considered advice, opinions, recommendations, or endorsements from ProfitQuotes.com or TTI Group. Full Disclaimer.