Atour Lifestyle Holdings Limited research snapshot
ATAT AI stock analysis as of the August 3, 2026 data cutoff reads Atour Lifestyle Holdings Limited as a high-quality China lifestyle group that runs hotel and retail businesses and is trading at a reasonable valuation with a net cash balance. The stock traded at $34.73 on August 3, 2026 at 10:51 AM EDT, up 1.15% from the $34.33 previous close, giving a market capitalization near $4.77 billion. Q1 2026 net revenue rose 47.5% year over year to RMB 2,811 million with net income up 90.3% to RMB 463 million, adjusted EBITDA up 51.1% to RMB 716 million, and the company guided full-year 2026 total net revenue growth of 24% to 28% while raising retail revenue guidance to 30% to 35%. Atour ended Q1 with 2,088 hotels and 232,298 rooms in operation plus 751 hotels under development, declared a dividend of about $72 million, and continued its buyback program under a payout target near 100% of prior-year net profit. The stock sits above its 50-day moving average near $33.05 but below its 200-day average near $37.09, with a 14-day RSI near 60.8. This page is informational only and is not investment advice.
Current price
$34.73 at the August 3, 2026, 10:51 AM EDT reading, up 1.15% from the $34.33 previous close, after opening at $34.46
Market cap
$4.77 billion
AI score
72 / 100
Rating
Quality China hotel and retail growth story with strong returns, net cash, and a 100% payout target, tempered by China macro exposure and an ADR structure
Trend status
Short-term recovery with the stock trading above its 50-day moving average near $33.05 but below its 200-day average near $37.09, within a $30.78 to $43.17 52-week range
Data cutoff (updated monthly)
August 4, 2026
Informational use only. This page is not investment advice.
| Dimension | Conclusion | Confidence |
|---|---|---|
| Business quality | Atour is a leading Chinese upper-midscale lifestyle hotel group with a fast-growing retail business. Q1 2026 net revenue grew 47.5% to RMB 2,811 million, net income grew 90.3% to RMB 463 million, and FY2025 revenue reached RMB 9,790 million with a 44.3% gross margin and a 16.6% net margin. | Medium-high |
| Moat | The moat combines brand leadership in the upper-midscale segment, a CRS direct channel near 63.7% of room nights, 116 million registered members, an integrated supply chain for franchisees, and a retail franchise led by Atour Planet pillows and comforters. Brand moat is moderate and defensible within China but narrower than global hotel groups. | Medium-high |
| Management | Founder, Chairman, and CEO Haijun Wang runs a quality-first expansion with 110 new hotels opened in Q1 and 37 low-quality closures, while Co-CFO Jianfeng Wu manages a disciplined balance sheet. Management raised 2026 retail guidance to 30% to 35% growth, declared a $72 million dividend, and keeps a payout target near 100% of prior-year net profit. | Medium-high |
| Financial trend | FY2025 revenue grew 35.08% to RMB 9,790 million and net income grew 27.10% to RMB 1,621 million. TTM revenue reached RMB 10,696 million with TTM net income of RMB 1,842 million. Q1 2026 delivered 47.5% revenue growth, 90.3% net income growth, and a 25.5% adjusted EBITDA margin. | High |
| Valuation | At the $34.73 reference price, trailing P/E is about 17.9x, forward P/E about 15.5x, EV/EBITDA about 10.6x, and P/FCF about 14.4x, with a PEG near 0.85 and a dividend yield near 2.24%. The valuation is reasonable for the growth and returns, with net cash of about $636 million adding support. | Medium-high |
| Technical trend | The stock traded at $34.73 on August 3, 2026 at 10:51 AM EDT, above the 50-day moving average near $33.05 but below the 200-day average near $37.09, with a 14-day RSI near 60.8 and a 52-week range of $30.78 to $43.17. The short-term trend is improving; the medium-term trend still needs a break above the 200-day average. | Medium |
| Risk level | Key risks are China macro and travel demand, hotel supply, a higher-than-usual 37 hotel closures in Q1, retail competition and margin pressure, RMB depreciation, ADR regulatory and audit structure, and sentiment swings on China consumer exposure. | Medium-high |
| AI confidence | Financial facts, revenue trajectory, valuation ratios, and dividend data are well supported by public filings and multiple third-party datasets. Confidence is lower for entry and exit timing because China macro, travel sentiment, retail sell-through, and ADR flows can move the stock before fundamentals adjust. | Medium |
| Investment certainty | Atour has a credible quality-growth story with strong returns and a clear capital return plan, but the ADR structure, China macro sensitivity, and retail execution risk mean the outcome depends on external conditions, so certainty stays at medium. | Medium |
ATAT AI stock forecast
The ATAT AI stock forecast starts from the $34.73 August 3, 2026 reference and the FY2026 consensus EPS of about RMB 15.29 (about $2.22 per ADS at the March 31, 2026 exchange rate of 6.898 RMB/USD). The three-year scenario model produces approximate anchors of $26, $46, and $62 for bearish, base, and bullish cases. These are sensitivity illustrations based on growth and terminal-multiple assumptions, not price promises.
$55 to $68
More likely if China service consumption strengthens, retail keeps growing at or above 30%, hotel RevPAR turns consistently positive, closures stay low, margins hold, and investors apply a higher multiple closer to global hotel peers.
$40 to $52
More likely if retail grows 30% to 35%, hotel openings and closures proceed as guided, RevPAR improves modestly, net margins hold near 16% to 17%, and the stock stays near a 14x to 16x forward multiple.
$20 to $30
More likely if China macro headwinds reduce travel demand, hotel oversupply pressures occupancy and pricing, retail competition or margin pressure grows, closures accelerate, RMB depreciates further, or the ADR discount widens and the multiple compresses toward 10x.
ATAT AI technical analysis
ATAT AI technical analysis uses the August 3, 2026 $34.73 reading. The stock is in a short-term recovery above the 50-day moving average near $33.05 but remains below the 200-day average near $37.09, with the 52-week range of $30.78 to $43.17 defining the broader framework. Moving averages, RSI, and volume from the August 3 reading are reported below; this static page does not fetch request-time prices.
| Level | Value | Why it matters |
|---|---|---|
| Current price reference | $34.73 | Reading at 10:51 AM EDT on August 3, 2026, up 1.15% from the $34.33 previous close, after opening at $34.46. |
| Near support | $33.00 to $33.05 | The 50-day moving average near $33.05 is the immediate support; the stock held above it on August 3. |
| Primary support | $30.78 | The 52-week low is the key published support reference from trading data. |
| Near resistance | $35.20 | The August 3 intraday high area and a common technical consolidation level. |
| Major resistance | $37.09 | The 200-day moving average is the main overhead reference; a close above it would confirm a medium-term uptrend. |
| 52-week high | $43.17 | The upper boundary of the reported 52-week range and the next major resistance zone. |
| Momentum | RSI near 60.8 | StockAnalysis.com reported a 14-day RSI near 60.83 on August 3, 2026, positive but not overbought. |
| Volume | 20-day average near 789,752 shares | Compare breakout or breakdown volume against this 20-day average before acting. |
| Volatility | Beta near 0.65 | Five-year beta near 0.65, with the 52-week range of $30.78 to $43.17 showing the range of sentiment around China consumer exposure. |
| Invalidation | Sustained close below $30.78 | A close below the 52-week low together with weaker RevPAR, lower retail growth, or ADR regulatory news would require a thesis review. |
ATAT AI trading strategy
This ATAT AI trading strategy is a rules-based research framework, not personalized investment advice. It connects technical confirmation with China travel demand, Atour hotel network expansion, RevPAR, retail sell-through, margins, and ADR-specific risk factors.
Wait for the stock to hold above the 50-day average near $33.05 and to close above the 200-day average near $37.09 on above-average volume, while China travel data, hotel RevPAR, and retail growth remain constructive.
A failed breakout, a close below $33.00, or a deterioration in China travel surveys, retail sell-through, or company commentary should reduce confidence. Define position size and an invalidation condition before entry.
If ATAT pulls back toward the $33.00 area or the $30.78 52-week low while the company reports stable RevPAR, hotel openings, retail growth, and margins, the lower price zone can be evaluated against the implied valuation.
Do not average down solely because the price is low. A lower quote can reflect real deterioration in China domestic demand, hotel supply dynamics, retail momentum, or ADR structural risks.
Track hotel openings and closures, pipeline of 751 hotels, same-hotel and mature-hotel RevPAR, ADR and occupancy, retail revenue growth and margins, net cash, dividend and buyback pace, and the next earnings date on August 25, 2026.
Treat a significant drop in occupancy, slower retail growth, a rise in closures above the 80-hotel annual target, a cut in guidance, or a change to the ADR listing structure as reasons to reassess the original thesis.
Investment research summary
Customers pay Atour for a consistent, quality-designed hotel stay in China and for sleep-focused lifestyle products, with the company earning recurring manachise, franchise, and supply chain revenue plus retail margin.
Atour benefits from brand leadership in the upper-midscale segment, a direct-booking CRS channel, 116 million registered members, an integrated franchisee supply chain, and a retail brand in pillows and comforters. The moat is moderate and depends on maintaining brand quality, retail innovation, and service consistency across expansion.
The thesis fails if China travel demand weakens, hotel oversupply pressures occupancy and pricing, retail growth decelerates or margins compress, hotel closures stay elevated, competition from HTHT, IHG, or local chains intensifies, or ADR regulatory, audit, or currency issues arise.
Founder, Chairman, and CEO Haijun Wang has built Atour into a 2,088-hotel network and a leading sleep-retail brand while keeping a quality-first expansion and a 100% payout target. Co-CFO Jianfeng Wu manages a net cash balance sheet and a rising shareholder return program.
China service consumption is shifting from scale-driven expansion to value and experience-driven upgrades, and the hotel market is in a moderate recovery with structural improvement. Retail is moving from manufacturing-led to experience-led models, which suits Atour Planet but raises execution expectations.
The August 3 reference price implied a trailing P/E of about 17.9x, a forward P/E of about 15.5x, EV/EBITDA near 10.6x, and net cash of about $636 million. A margin of safety depends on sustaining retail and hotel growth and margins in a competitive, macro-sensitive China market.
Source-backed data
Every metric below includes a source and last verification date.
| Metric | Value | Source | Last verified |
|---|---|---|---|
| ATAT price and market cap | $34.73 at 10:51 AM EDT on August 3, 2026, up 1.15% from the $34.33 previous close, market cap $4.77 billion | StockAnalysis.com real-time quote | August 3, 2026 |
| Q1 2026 revenue | Net revenue of RMB 2,811 million (US$408 million), up 47.5% year over year, with manachised hotels at RMB 1,568 million up 51.9%, leased hotels at RMB 118 million down 8.0%, retail at RMB 1,071 million up 54.4%, and others at RMB 54 million up 4.7% | Atour Q1 2026 earnings release, GlobeNewswire | May 13, 2026 |
| Q1 2026 profit | Net income of RMB 463 million (US$67 million), up 90.3%; adjusted net income of RMB 490 million, up 42.0%; EBITDA of RMB 689 million, up 85.2%; adjusted EBITDA of RMB 716 million, up 51.1% | Atour Q1 2026 earnings release, GlobeNewswire | May 13, 2026 |
| Q1 2026 hotel operations | 2,088 hotels and 232,298 rooms in operation, up 20.9% and 19.4% year over year; 751 hotels under development; 110 hotels opened and 37 closed in Q1; ADR RMB 427, occupancy 70.6%, RevPAR RMB 312 | Atour Q1 2026 earnings release and earnings call | May 13, 2026 |
| Q1 2026 retail | Retail revenue of RMB 1,071 million (US$155 million), up 54.4% year over year; full-year retail revenue guidance raised to 30% to 35% growth | Atour Q1 2026 earnings release and earnings call | May 13, 2026 |
| FY2026 revenue guidance | Total net revenue growth of 24% to 28% compared with full-year 2025, based on current market conditions | Atour Q1 2026 earnings release | May 13, 2026 |
| FY2025 annual results | Revenue of RMB 9,790 million, up 35.08% from RMB 7,248 million; net income of RMB 1,621 million, up 27.10%; gross margin 44.26%, operating margin 23.56%, net margin 16.56% | StockAnalysis.com financials | July 31, 2026 |
| TTM financials | TTM revenue of RMB 10,696 million, up 39.17%; TTM net income of RMB 1,842 million; TTM gross margin 43.64%, operating margin 24.44%, net margin 17.21% | StockAnalysis.com financials | July 31, 2026 |
| Balance sheet and net cash | Cash and equivalents of $834.65 million, total debt of $198.57 million, net cash of $636.07 million or $4.63 per share; cash and equivalents of RMB 3.7 billion and total borrowings of RMB 242 million as of March 31, 2026 | StockAnalysis.com statistics and Q1 2026 earnings release | August 3, 2026 |
| Valuation ratios | Trailing P/E 17.94, forward P/E 15.46, PEG 0.85, EV/EBITDA 10.55, EV/FCF 12.46, P/FCF 14.40, P/S 3.04, P/B 8.80 | StockAnalysis.com statistics | August 3, 2026 |
| Returns and efficiency | Return on equity of 52.88%, return on invested capital of 33.07%, return on assets of 20.16%, current ratio of 2.17, debt-to-equity of 0.37 | StockAnalysis.com statistics | August 3, 2026 |
| Shareholder returns | Annual dividend of $0.78 per ADS with a 2.24% yield, ex-dividend date June 5, 2026, payout ratio 43.90%; Q1 2026 dividend of about $72 million declared, about 31% of prior-year net profit; cumulative buybacks above $100 million; payout target near 100% of prior-year GAAP net profit | StockAnalysis.com dividend data and Q1 2026 earnings call | June 5, 2026 |
| Analyst consensus | Strong Buy rating from 19 analysts with an average price target of $49.64, low of $43.17, median of $48.28, and high of $58.39; rating mix of 15 Strong Buy and 4 Buy in July 2026 | StockAnalysis.com forecast | July 27, 2026 |
| FY2026 and FY2027 consensus estimates | FY2026 revenue estimate of RMB 12.56 billion, up 28.34%, with EPS of RMB 15.29, up 21.96%; FY2027 revenue estimate of RMB 14.96 billion, up 19.06%, with EPS of RMB 18.25 | StockAnalysis.com forecast | July 27, 2026 |
| Technical snapshot | 50-day moving average near $33.05, 200-day moving average near $37.09, 14-day RSI near 60.83, beta near 0.65, 20-day average volume near 789,752 shares, 52-week range $30.78 to $43.17, 52-week price change +4.14% | StockAnalysis.com statistics | August 3, 2026 |
| Short interest | 2.26 million shares short, about 2.48% of shares outstanding, about 2.44 days to cover | StockAnalysis.com statistics short selling | August 3, 2026 |
This ATAT page is an informational research tool, not investment advice or a recommendation to buy or sell. Forecasts are scenarios built from available data and assumptions, can be wrong, and should be checked against current company filings, ADR disclosures, China market conditions, and fresh chart data.
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