$Atour(ATAT.US) rose four or five percentage points. Hotel data has consistently been one of the few bright spots in this round of consumption, with capital willing to believe in the RevPAR story of mid-to-high-end hotel chains. 😸
$Grab(GRAB.US) basically didn't move. The Southeast Asian super app has been trading sideways for so long it's become polished. The recovery in travel and accommodation is backed by real money, while the story of subsidies for growth is less appealing.
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