Greentree Hospitality Group (GHG) has released an update.
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Greentree Hospitality Group Ltd. reported mixed financial results for Q1 2024, with a notable 7.1% decrease in total revenue but a surge in hotel revenue by 8.8% and significant increases in both operating and net incomes. The company is focusing on improving its business through hotel upgrades and the expansion of its franchise network, despite a competitive market and a strategic repositioning that saw a 38.9% decrease in restaurant revenue.
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