Atour Lifestyle Holdings (ATAT) Q2 FY26 earnings call

Earnings call· Jun 2026 (Q2 FY26)· Consumer Discretionary· Aug 20, 2026

Source: earnings call transcript

Atour Lifestyle Holdings delivered strong Q2 FY26 results, driven by robust retail growth and continued hotel network expansion, particularly in its upper midscale and upscale lifestyle brands. While overall revenue and hotel openings were solid, profitability margins saw a slight decline due to revenue mix shifts and increased tax rates. Management remains focused on quality-first expansion and brand-led excellence, with a positive outlook for the second half of the year despite short-term RevPAR volatility.

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ATAT operating KPIs by quarter

ATAT operating KPIs stated on its earnings calls, by fiscal quarter
KPI	Mar 2026 Q1 FY26	This call Jun 2026 Q2 FY26	Change vs prior quarter
New stores opened	110 In the first quarter, we opened 110 new hotels. Source: earnings call transcript	101 In the second quarter, we opened 101 new hotels. Source: earnings call transcript	-8.2%
Properties	2,088 By the end of the first quarter, our total number of hotels in operation reached 2,088. Source: earnings call transcript	2,175 By 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	116M By the end of the first quarter, our registered individual members reached 116 million, representing a 20% year-over-year increase. Source: earnings call transcript	120M By 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	19 The 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	19 The 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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