BRIEF: Green Tea Group secures CSRC approval for Hong Kong IPO
Restaurant operator Green Tea Group Ltd. received an approval notice from the China Securities Regulatory Commission (CSRC) last Friday for its plan to list in Hong Kong — a necessary…
GreenTree hit by travel slowdown, restaurant overhaul
The budget hotel operator’s revenue fell 7.1% in the first quarter, as gains for its core hotel business were wiped out by an overhaul for its newer restaurant operation Key…
Why investors are waiting to check into GreenTree Hospitality
After a big rally for its stock in July as the hotel operator added restaurants to its business menu, the company’s latest financial results received a more cautious reception Key…
GreenTree attracts investors with new green shoots
The hotel operator returned to strong growth in the first quarter, as it closed its purchase of two restaurant chains with strong potential as a new revenue source Key Takeaways:…
Atour gets set for ‘revenge travel’ with major expansion plan
The high-end hotel operator said it plans to have 2,000 hotels in operation by the end of 2025, more than double the 932 at the end of last year Key…
Lots of Room at the Inn: Hotelier H World Bunkers Down for Another Loss
The company’s key performance indicators are approaching pre-pandemic levels, but Covid-related restrictions in China continue to hamper its return to profitability Key Takeaways • H World said its revpar is…
Covid Disruptions Chop Into GreenTree Profit, as It Tries to Focus on Future
Hotel operator’s revenue rose 16% in the third quarter, even as its profit fell by nearly half due to new openings and weakness at existing properties Key Takeaways: GreenTree Hospitality’s…
