NEWS WRAP: Atour’s revenue grows 30% on strong gains for retail business
The hotel operator’s retail business grew 67% in the first quarter, and now accounts for more than a third of its revenue By Doug Young Atour Lifestyle Holdings Ltd.…
Overseas losses put wrinkle in H World’s welcome mat
The hotel operator’s overseas revenue grew last year, but its widening losses sharply dragged down the company's overall profit Key Takeaways: H World reported its profit dropped nearly 27% in…
Atour relies on network expansion to counter economic slowdown
The hotel operator’s revenue rose 55% last year, but it forecast the growth would slow to about half that level in 2025 Key Takeaways: Atour’s revenue rose 38.5% in the…
BRIEF: Atour posts strong revenue, profit gains as travel rebound slows
Hotel operator Atour Lifestyle Holdings Ltd. (ATAT.US) reported on Tuesday its revenue rose 47% year-on-year to 1.9 billion yuan ($262 million) in the third quarter, driven by strong growth for…
GreenTree hit by travel slowdown, restaurant overhaul
The budget hotel operator’s revenue fell 7.1% in the first quarter, as gains for its core hotel business were wiped out by an overhaul for its newer restaurant operation Key…
Can pillow sales prop up Atour’s soft stock?
Investors were unimpressed by the hotel operator’s strong first-quarter profit growth, reflecting continued caution about the company's prospects Key Takeaways: Atour’s first-quarter profit surged more than 14-fold to nearly 260…
Delonix’s new Marriott tie-up hints at re-listing attempt post-pandemic
The high-end hotel operator, which delisted from Hong Kong in 2021, said it could open up to 100 boutique-style hotels from Marriott’s Tribute Portfolio brand over the next few years…
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