GreenTree Hospitality Group Ltd. has reported a revenue growth of 8.8% in the first quarter, which can be primarily attributed to the addition of new hotels. However, the company’s revenue per available room (revpar) dropped by 4.6% for the same period amidst a deceleration in China’s travel rebound. Despite the profitability of the cheap hotel room market in China’s smaller cities, it has failed to attract significant interest from investors, as reflected in GreenTree Hospitality’s recent valuation.
Cruising to the edge of the world – New Argentina & Antarctica itinerary from Approach Tours
Leading Canadian senior travel operator Approach Tours has added a new cruise itinerary to its portfolio of signature “radically all-inclusive”...
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