Atour Lifestyle Holdings Limited remains a 'Buy,' as both its hospitality and retail segments show strong forward momentum. Atour's hotels division is well-positioned to maintain positive RevPAR growth in the near term on the back of external and internal tailwinds. Management recently raised the retail segment's FY26 topline growth guidance by 5ppts to +32.5%; this is achievable considering further product category penetration and cross-selling synergies.