Chinese hotel group Atour's net revenues for the third quarter of 2024 increased by 46.7% year-over-year to USD 271 million.
RevPAR (revenue per available room) for the quarter declined by 10% to RMB 380, while occupancy rate was down by 2.1 percentage points to 80.3% in Q3.
Mr. Haijun Wang, Founder, Chairman and CEO of Atour, commented:
“Our RevPAR remained at a healthy level this quarter despite evolving market environments and last year’s high comparison base, reaching RMB380. Additionally, our retail business sustained its robust growth momentum, with GMV increasing by 107.7% year-over-year to RMB566 million this quarter, as driven by Atour Planet’s effective and systematic deep sleep idea.”
As of September 30, 2024, there were 1,533 hotels with a total of 175,199 hotel rooms in operation across Atour’s hotel network, representing rapid increases of 37.9% and 36.1% year-over-year in terms of the number of hotels and hotel rooms, respectively.
