Atour Lifestyle Holdings Limited: A Premium Alternative in China's Hotel Market with a Stable Business Model.

Atour Lifestyle Holdings (NASDAQ:ATAT) is a Chinese hospitality and lifestyle company with a rapidly expanding network of hotels. CLSA initiated coverage with an Outperform rating and $49 price target, citing Atour's distinctive features and services as key elements in its popularity as a premium hotel alternative. CLSA forecasts a 23% five-year compound annual growth rate in hotel count and a 28% three-year EBITDA compound annual growth rate.