ATAT Atour Lifestyle Holdings (ATAT) Q1 FY26 earnings call
Atour delivered robust Q1 FY26 results, driven by significant growth in its retail business and continued expansion of its hotel network. The company is strategically focusing on quality-led expansion and product innovation, particularly in its 'Deep Sleep' retail offerings, while optimizing its hotel portfolio. Management maintains a cautiously optimistic outlook amidst market volatility, emphasizing long-term value creation and shareholder returns.
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ATAT operating KPIs by quarter
| KPI | This call Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| New stores opened | 110In the first quarter, we opened 110 new hotels.Source: earnings call transcript | 101In the second quarter, we opened 101 new hotels.Source: earnings call transcript | -8.2% |
| Properties | 2,088By the end of the first quarter, our total number of hotels in operation reached 2,088.Source: earnings call transcript | 2,175By the end of the second quarter, our total number of hotels in operation reached 2,175 and our pipeline of hotels under development remained at a healthy level of 811.Source: earnings call transcript | +4.2% |
| Loyalty program members | 116MBy the end of the first quarter, our registered individual members reached 116 million, representing a 20% year-over-year increase.Source: earnings call transcript | 120MBy the end of the second quarter, Atour had 120 million registered individual members as our membership base has gone the strategic growth of our membership ecosystem has become clearer.Source: earnings call transcript | +3.4% |
| Properties Leased hotels | 19The total number of our leased hotels decreased from 25 as of March 31, 2025, to 19 as of March 31, 2026.Source: earnings call transcript | 19The total number of our leased hotels decreased from 24 as of June 30, 2025, to 19 as of June 30, 2026.Source: earnings call transcript | 0% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
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