12 Hot Stocks to Buy According to Analysts

9. Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Average Upside Potential: 31.16%

Gain Over Past 6 Months: 42.53%

Atour Lifestyle Holdings Limited (NASDAQ:ATAT) is a hospitality and lifestyle company in China. The firm has a diverse and distinct portfolio of hotel brands spanning the whole spectrum of midscale to luxury hotels.

According to Frost & Sullivan, Atour serves as the first hotel chain in China to create a scenario-based retail business while being the largest upper midscale hotel chain in the country in terms of room numbers as of 2023’s end. As of September 30, 2024, Atour’s hotel network boasted a total of 1,533 hotels or 175,199 hotel rooms in operation, witnessing robust year-over-year boosts of 37.9% and 36.1% in terms of the number of hotels and hotel rooms respectively. The firm set a quarterly record by carrying out 140 new hotel openings during its most recent quarter.

While the hotel network growth story is promising, the future potential stands bright with a continuous increase in new signings and a steady pipeline growth while the existing offerings are performing well. The firm’s midscale offering introduced in February 2023, Atour Light 3.0, continues to solidify its competitive edge in the midscale market. Simultaneously, the flagship upper midscale hotel brand, Atour 4.0, is gaining favor among both consumers and franchises.