Atour Lifestyle Holdings Limited (ATAT) has released an update.
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Atour Lifestyle Holdings Limited has showcased a robust financial performance for the fourth quarter and the entirety of 2023, with a year-over-year net revenue increase of 140.4% in the quarter and 106.2% annually. The company reported significant growth, with net income surging to RMB739 million, marking a 669.2% rise from the previous year. This strong financial outcome is attributed to the expansion of its hotel network and a substantial boost in its retail business, evidenced by the 298.3% growth in gross merchandise value.
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