Atour Lifestyle Holdings Limited

General Information
Business:

Setting out as an upper midscale hotel chain group, we are now a leading lifestyle brand in China.

We are the largest upper midscale hotel chain in China in terms of room number as of the end of 2020, according to Frost & Sullivan.

As of Dec. 31, 2021, our hotel network covered 745 hotels spanning 138 cities in China, with a total of 86,654 hotel rooms, including 712 manachised (franchised and managed) hotels with a total of 81,594 manachised hotel rooms, in addition to a pipeline of 338 hotels with a total of 37,987 rooms under development. Our guests can book a stay with us and access our rich product and service offerings through offline and online channels, including our mobile app and Weixin/WeChat mini program.

We built our A-Card loyalty program to enhance our engagement with guests and provide them with a unique and personalized experience. As of Dec. 31, 2021, our A-Card loyalty program had amassed more than 30 million registered individual members. In 2021, approximately 39.7% of our room-nights were sold to our A-Card members.

In addition, we are the first hotel chain in China to develop a scenario-based retail business, according to Frost & Sullivan. We design our guest room amenities, work closely with manufacturers to deliver top-quality products, and carefully place the relevant products in guest rooms. Each of our guest rooms incorporates a fully immersive shopping destination, enabling us to further strengthen our brand elasticity with our guests.
As of Dec. 31, 2021, we had developed a total of 1,665 SKUs for scenario-based retail. The GMV generated from our retail business increased by 29.5% from RMB82.8 million in 2019 to RMB107.2 million in 2020, and further substantially by 112.9% to RMB228.2 million in 2021. In 2021, the average transaction value per scenario-based retail order reached RMB403.0.
**Note: Revenue and net income figures are in U.S. dollars for the fiscal year ended Dec. 31, 2021.
(Note: Atour Lifestyle Holdings Limited amended its IPO plans with an F-1/A filing dated June 21, 2022, in which no terms were stated (blank filing) for an IPO with estimated proceeds of $100 million; the company also removed Snowball Securities as an underwriter and disclosed financial statements for the year ending Dec. 31, 2021. The IPO’s previous terms were 19.74 million shares at $13.50 to $15.50 to raise $286.23 million, but the deal stalled in June 2021.)
Industry: Hospitality - Hotels & Retail
Employees: 3180
Founded: 2012
Contact Information
Address 18th floor, Wuzhong Building, 618 Wuzhong Road, Minhang District, Shanghai, People's Republic of
Phone Number (+86) 021-64059928
Web Address https://www.yaduo.com/
View Prospectus: Atour Lifestyle Holdings Limited
Financial Information
Market Cap
Revenues $337.0 mil (last 12 months)
Net Income $20.39 mil (last 12 months)
IPO Profile
Symbol ATAT
Exchange NASDAQ
Shares (millions): 0.0
Price range $0.00 - $0.00
Est. $ Volume $100.0 mil
Manager / Joint Managers BofA Securities/ Citigroup/ CICC/ CMB International
CO-Managers FUTU/ Redbridge Securities LLC
Expected To Trade:
Status: TBA
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
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