NASDAQ$ATAT
Atour Lifestyle Holdings Limited · Q1 2026 earnings
Q1 2026 earnings · · Before market open · Investor relations
Briefing
Atour Q1 2026: revenue up 47.5% to RMB2.8B as hotel network and retail both accelerate
Atour Lifestyle Holdings reported strong first-quarter 2026 results for the period ended March 31, 2026. Net revenues rose 47.5% year over year to RMB2.81 billion, driven by 51.9% growth in manachised hotel revenue and 54.4% growth in retail sales to RMB1.07 billion. The company operated 2,088 hotels with 232,298 rooms, up 20.9% and 19.4% respectively, and opened 110 new hotels in the quarter. Hotel metrics improved sequentially with ADR of RMB427, occupancy of 70.6%, and RevPAR of RMB312. Net income increased 90.3% to RMB463 million and adjusted net income grew 42.0% to RMB490 million. Adjusted EBITDA rose 51.1% to RMB716 million. Management highlighted steady hotel performance and continued retail momentum under its 'Chinese Experience, Brand-Led Excellence' strategy.
- Net revenues grew 47.5% to RMB2.81B; manachised hotel revenue up 51.9% and retail revenue up 54.4% to RMB1.07B.
- Network expanded to 2,088 hotels and 232,298 rooms; 110 new hotels opened in Q1 with 751 manachised hotels in the pipeline.
- Net income rose 90.3% to RMB463M; adjusted net income increased 42.0% to RMB490M and adjusted EBITDA grew 51.1% to RMB716M.
- Hotel ADR was RMB427, occupancy 70.6%, and RevPAR RMB312, with sequential improvement versus Q4 2025.
- Diluted EPS was RMB1.11 per ordinary share (RMB3.33 per ADS); operating cash inflow was RMB292M in the quarter.
Headline financials
Revenue & EPS history
Atour · Revenue · Quarterly
¥2.81B
Revenue by segment
Atour · ¥2.81B total across 4 segments · Q1 2026
- Manachised hotels¥1.57B+51.9%55.8%
- Retail¥1.07B+54.4%38.1%
- Leased hotels¥118M-8.0%4.2%
- Others¥53.7M—1.9%
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 15 quarterly earnings reports · overlaid with Q1 2026
+0.0%
Avg return
Earnings day
-1.1%
Avg return
5 days after
-2.0%
Avg return
30 days after
44%
7 / 16 earnings
Positive
+15.1%
Q2 2024
Best reaction
-11.7%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.8% | -3.6% | -11.8% | |
| Q3 2025 | -1.8% | +1.4% | +11.6% | |
| Q2 2025 | +6.1% | +10.9% | +8.8% | |
| Q1 2025 | +9.0% | +2.8% | +1.6% | |
| Q4 2024 | -4.2% | -5.9% | -21.4% | |
| Q3 2024 | -4.7% | -6.7% | +0.8% | |
| Q2 2024 | +15.1% | +14.7% | +53.6% | |
| Q1 2024 | +0.2% | +1.7% | +6.3% | |
| Q4 2023 | -2.3% | -0.1% | -1.8% | |
| Q3 2022 | -11.7% | -6.6% | -5.9% | |
| Q3 2023 | -5.0% | -5.5% | -12.7% | |
| Q2 2023 | -2.9% | -1.3% | -6.1% | |
| Q1 2023 | -3.3% | -9.3% | -10.7% | |
| Q4 2021 | +0.3% | -4.9% | -16.0% | |
| Q4 2020 | +0.3% | -4.9% | -16.0% | |
| Q4 2022 | +6.4% | +0.3% | -13.0% | |
| Q2 2022 | — | — | — | |
| Q1 2022 | — | — | — | |
| Q3 2021 | — | — | — | |
| Q2 2021 | — | — | — | |
| Q1 2021 | — | — | — | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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