Atour Lifestyle Holdings Limited Riding Waves of Shift to Experience-Focused Tourism

Chinese lifestyle and hospitality company, Atour Lifestyle Holdings, reported a 106.2% YoY increase in revenues to $657m in 2023, due to increased domestic travel. The firm, which plans to operate a network of 2,000 hotels by 2025, also had a 248.3% YoY increase in adjusted net income. In 2023, it signed 576 new hotel deals, and its average revenue per room and daily rate also exceeded 2019 levels.