With Atour Lifestyle, one can bet on the Revival of Tourism in China - the Stock Breaks out to an all-Time High!
Reading Time: 1 minute
One should now keep an eye on Atour Lifestyle from China. The stock has only been listed on Nasdaq since the end of 2022 and is currently breaking out of a base. The company operates a hotel chain that manages over 1,530 hotels in China, targeting the upper-middle class. Investing in this company allows to bet on the further recovery of tourism in China after Covid. Revenues increased by 52% year-over-year in the last quarter. The company currently has 732 hotel projects in the pipeline, indicating a continued high growth rate. The stock has...
Read this article now with a free account.
Your benefits:
- Every month, you can read 5 articles from the premium section for free.
- Monthly 2 trial issues of the Trader newspaper for free.
- Create a personal watchlist with an overview of news about your stock.
