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Chinese hotel chain operator and franchisor of midscale-to-upscale hotels, also selling branded retail products in-hotel.
Chinese hotel chain operator and franchisor of midscale-to-upscale hotels, also selling branded retail products in-hotel.
Most hotels are run by franchisees who pay fees for the brand, design and management system, so the chain grows with little capital of its own. Its distinctive second line is retail: bedding, sleep products and snacks sold in hotel lobbies and online under the Atour Planet label.
In one line: China's Choice Hotels, with a retail-goods twist.
Moat: narrow (brand, network effects, scale). Strong domestic brand recognition and membership network drive repeat bookings versus smaller local chains.
Headquarters: Shanghai, China · Founded: 2013 · Employees: 6,356
Size Atour Lifestyle Holdings Ltd. Sponsored ADR (ATAT) is a United States Consumer Discretionary company (Hotels/Resorts/Cruise lines) with a market value of $4.82B, the 1210th largest of 3,117 United States companies the cockpit tracks. Shares closed at $35.91 on 6 Nov 2026.
Performance Over six months the shares fell 5.7%, against +7.1% for the median peer and -1.1% for the United States market (cap-weighted) — 6th lowest of 21 in its peer set.
Growth Revenue grew 45.0% over the last twelve months (peer median +4.3%); the operating margin is 21.2% (peer median 14.9%).
Valuation It trades at 15.8× forward earnings against a peer median of 17.1× (8th cheapest of 19).
Price implies For today's price to make sense, revenue must grow about 2% a year for seven years (Req g). Recent delivered growth is +43%, so the hurdle is -41 pp: the price already allows for a slowdown.
Short interest Short interest is 2.1% of the free float (15 Oct 2026).
Next results Next results expected around 10 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.68B | $1.36B | $1.01B | $659M | $336M |
| Revenue growth | — | +35% | +53% | +96% | — |
| Gross profit | $723M | $599M | $418M | $260M | $101M |
| EBITDA | $365M | $303M | $225M | $132M | $33.8M |
| Net income | $281M | $225M | $177M | $104M | $14.6M |
| Free cash flow | $329M | $265M | $232M | $275M | $36.7M |
| Capital expenditure | $7.03M | $12.0M | $8.08M | $5.89M | $5.83M |
| Total debt | $191M | $218M | $237M | $275M | $331M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Atour Lifestyle Holdings Ltd. Sponsored ADR ATAT | $4.82B | -6% | +45% | 21% | 15.8× | 1.8% |
| H World 1179.HK | $15.3B | +3% | +13% | 27% | 18.8× | 6.2% |
| InterContinental Hotels Group PLC Sponsored ADR IHG | $25.3B | +19% | +3% | 24% | 23.8× | 12.7% |
| Accor AC.PA | $12.8B | +12% | 0% | 16% | 22.9× | 14.4% |
| Marriott International MAR | $107B | +18% | +6% | 16% | 32.1× | 17.9% |
| Hilton Worldwide HLT | n/a | +17% | n/a | n/a | n/a | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ATAT | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +13.6% | +9.7% | 8th highest of 21 |
| 6-month return | -5.7% | +7.1% | 6th lowest of 21 |
| Distance from 52-week high | -16.8% | -12.9% | 7th lowest of 21 |
| Revenue growth (TTM) | +45.0% | +4.3% | 2nd highest of 21 |
| Operating margin | 21.2% | 14.9% | 7th highest of 21 |
| Forward P/E | 15.8× | 17.1× | 8th cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | 1.8% | 4.0% | 7th least demanding of 17 |
| Growth delivered (Del g) | +43.1% | +15.8% | 3rd highest of 17 |
| Hurdle (Req g minus delivered) | -41.3 pp | -17.2 pp | least demanding of 17 |
| EV / EBITDA | 11.4× | 12.7× | 7th cheapest of 18 |
| Net debt / EBITDA | -1.8× | 4.1× | least indebted of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Atour Lifestyle Holdings Ltd. Sponsored ADR ATAT | United States | $4.82B | -6% | +45% | 21% | 15.8× | 1.8% | +43.1% |
| Red Rock Resorts RRR | United States | $5.06B | -11% | +1% | 23% | 17.9× | 13.3% | +11.2% |
| Travel + Leisure TNL | United States | $4.54B | +15% | +5% | 17% | 8.8× | 3.2% | +11.2% |
| Choice Hotels International CHH | United States | $5.29B | +12% | +2% | 25% | 15.8× | 4.8% | +15.6% |
| Wyndham Hotels & Resorts WH | United States | $5.64B | -6% | +1% | 37% | 15.2× | 1.8% | +1.8% |
| Vail Resorts MTN | United States | $5.66B | +26% | -4% | 16% | 27.9× | 9.6% | +8.2% |
| Monte-Carlo Societe des Bains de Mer BAIN.PA | France | $4.06B | +9% | +12% | 9% | n/a | 24.2% | +20.7% |
| ITC Hotels ITCHOTELS.NS | India | $3.85B | +5% | +65% | 25% | 34.6× | 37.0% | +64.8% |
| Seibu 9024.T | Japan | $6.11B | +2% | -41% | 10% | 29.6× | n/a | n/a |
| Whitbread WTB.L | United Kingdom | $6.37B | +25% | +2% | 21% | 15.8× | 9.7% | +37.7% |
| Shanghai Jin Jiang International Hotels 600754.SS | China | $3.18B | -16% | +5% | 14% | 19.5× | -8.1% | +6.9% |
| Guoco 0053.HK | Hong Kong | $2.90B | 0% | -11% | 13% | n/a | -3.9% | +16.0% |
| Norwegian Cruise Line NCLH | United States | $8.23B | +5% | +5% | 14% | 13.8× | n/a | n/a |
| Melia Hotels International MEL.MC | Spain | $2.67B | -10% | +5% | 13% | 15.2× | 7.3% | +31.5% |
| Leela Palaces Hotels & Resorts THELEELA.NS | India | $2.45B | +65% | +17% | 42% | 43.7× | n/a | n/a |
| Hanjinkal 180640.KS | South Korea | $9.60B | +74% | +7% | 1% | 43.3× | n/a | n/a |
| Resorttrust 4681.T | Japan | $2.36B | -1% | +8% | 12% | 16.4× | -6.4% | +9.4% |
| Scandic Hotels SHOT.ST | Sweden | $2.29B | +16% | +3% | 13% | 17.2× | 3.2% | +24.4% |
| BTG Hotels (Group) Co Ltd Shs -A- 600258.SS | China | $2.25B | -14% | -3% | 18% | 17.0× | -11.1% | +7.6% |
| Lindblad Expeditions LIND | United States | $2.23B | +61% | +17% | 8% | 89.0× | 33.0% | +56.4% |
| Hbx Group International HBX.MC | Spain | $2.19B | +29% | +4% | 38% | 9.6× | -4.2% | +18.4% |