Lydia Ling

Ronald Leung

Dan Chee

Sijie Lin

Wei Liu

Xin Chen

Liu Wei

Simon Cheung

Xianda Xu

- Atour Lifestyle Holdings reported **net revenues** of **RMB2,469 million** in **Q2 2025**, marking a **37.4%** year-over-year increase, primarily fueled by hotel network expansion and the retail business, which saw its **GMV** rise **84.6%** year-over-year to **RMB1,144 million**.  **[1853717_tx_349292_3]** **[1853717_tx_349292_5]** 
- The company's **adjusted net income** grew **30.2%** year-over-year, and **adjusted EBITDA** increased **37.7%** year-over-year in **Q2 2025**.  **[1853717_tx_349292_6]** 
- Atour continued its expansion, opening **118** hotels in **Q2 2025**, bringing the total number of hotels in operation to **1,824**, a **29.2%** year-over-year increase, with **816** hotels currently under development.  **[1853717_tx_349292_1]** 
- For the full year **2025**, Atour expects total net revenues to increase by **30%** compared to **2024** and has raised its retail business growth guidance to **60%** year-over-year.  **[1853717_tx_349292_6]** **[1853717_tx_349292_9]** 
- The full-year adjusted net profit margin is anticipated to decline year-over-year due to a projected increase in the adjusted comprehensive tax rate to **30%** and the structural impact of the growing retail business.  **[1853717_tx_349292_10]**

Atour Lifestyle Holdings Reports Strong Q2 2025 Results and Raises Full-Year Retail Guidance

Atour Lifestyle Holdings (ATAT)