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.
Travel Capitalist Ventures Expands Check Size to $10 Million to Deepen Emerging Market Conviction
Boutique Travel VC raises investment cap from $1.5M to $10M to lead rounds and support portfolio companies through growth Travel...
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