Atour Group: Revenue in 2025 increased by 35.1% year-on-year to 9.79 billion yuan, with the number of operating hotels reaching 2,015.

ATAT Group (NASDAQ:ATAT) released its financial results for the fourth quarter of 2025 and the full year. In 2025, the company recorded full-year operating revenue of 9.79 billion yuan (RMB, same below), a year-over-year increase of 35.1%; adjusted net profit of 1.753 billion yuan, up 34.2%; and adjusted EBITDA of 2.481 billion yuan, up 40.0%. Of these, the fourth-quarter performance showed particularly strong growth: operating revenue reached 2.788 billion yuan, up 33.8% year over year; adjusted net profit was 493 million yuan, up 48.0%; and adjusted EBITDA was 712 million yuan, up 60.9%. In 2025, ATAT Group’s total shareholder return exceeded $150 million.

In 2025, ATAT successfully achieved its strategic goal of “China Experience, 2,000 Great Stores.” In the hotel business, growth in scale and improvement in quality advanced in tandem: over the full year, it opened 488 new hotels in total. As of the end of the fourth quarter, the number of hotels in operation reached 2,015, up 24.5% year over year. Core operating indicators remained solid: in the fourth quarter, average revenue per available room (RevPAR) was 335.7 yuan, recovering to 99.6% of the same period in 2024, with the recovery continuing to improve quarter by quarter. The retail business sustained a strong growth momentum: full-year revenue reached 3.67 billion yuan, up 67% year over year, accounting for nearly 40% of the group’s total revenue. ATAT Star Planet maintained a top position in the bedding category rankings on major third-party platforms, gradually strengthening its leading position in China’s sleep market and becoming the go-to brand for customers’ sleep products.

At the same time, the company released its 2026 revenue guidance, expecting full-year revenue to grow 20% to 24% year over year. In addition, ATAT Group officially launched its next three-year strategic plan—“China Experience, Brand Leadership”—continuing to build differentiated experience barriers, further deepening the coordinated development of the hotel and retail businesses, and driving the company to achieve higher-quality growth.