GreenTree Hospitality Group For 2024 Expects Total Revenues From Restaurant And Organic Hotel Businesses To Grow 3%-5% YoY
$GHG
Hotels/Resorts
Consumer Discretionary
Guidance
Taking into account the recovery in long-term trends and short-term industry fluctuations, we expect total revenues of our organic hotel business for the full year of
2024 to grow 7%~12% over the 2023 levels. Furthermore, considering the closure of restaurant LO stores and stores in shopping malls, we expect total revenues from our restaurant and organic hotel businesses for the full year of 2024 to grow 3-5% over the 2023 levels.