Dan's questions to Atour Lifestyle Holdings Ltd (ATAT) leadership • Q2 2024
Question
Dan from Morgan Stanley asked about the impact of recent RevPAR declines on future hotel signings and whether the strong year-to-date openings would prompt an upward revision to the full-year opening target.
Answer
Founder, Chairman and CEO Haijun Wang responded by increasing the full-year new hotel opening target from 360 to 400, citing accelerated progress in the first half. He affirmed that franchisee confidence remains strong, supported by the brand's operational performance and long-term return potential, which should sustain a healthy signing pace despite short-term RevPAR fluctuations.