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.
Sail Through Time: Discover the Timeless Wonders of Upper Egypt Aboard Kenzy Dahabeya
Experience the magic of the Nile aboard Kenzy Dahabeya, a luxury boutique sailing cruise that offers an unforgettable journey between...
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