According to the official website, there are six Hotel brands underAtour Group. In addition to the brand of Atour Hotel, there are also luxury lifestyle brand A.T.HOUSE, high-end business hotel brand Atour S Hotel, Generation Z lifestyle brand Z Hotel, high-quality non-standard brand Atour X Hotel, and the hotel brand Light Residence which focuses on young business travel. By the end of June 2022, Atour has 834 hotels with 96,969 rooms in 151 cities across China. In addition, there are 37,795 rooms in 343 hotels under development. Atour's rapid expansion has benefited from its asset-light model of "management + franchise". According to the prospectus, by the end of September 2022, the number of hotels joined by Atour is 847, accounting for 96.3% of the total number of hotels in operation, with a total of 92,000 rooms. In the post-epidemic era, the franchise model of Atour is playing an important role, and the growth potential is full, and the basic direction is good. And Atour has established a unique franchise model, which has long-term investment value for the majority of franchisees. In terms of specific business, managing and leasing hotels contribute a lot to Atour's revenue. From 2019 to 2021, Adour's revenue from managed hotel business was 840 million yuan,926 million yuan and 1.22 billion yuan respectively, while the revenue from rental hotel business was 615 million yuan, 496 million yuan and 630 million yuan respectively during the same period.