CHINA BULLETIN: Yuan on the Comeback Trail
In this week’s issue the yuan bounces back, a lifeline for developers and a livestreamer confirms its CEO’s arrest. On a scale of 1 to 100, we give the week…
Atour glides as economic slowdown fails to dent Chinese travel demand
The mid- to upscale hotel brand’s revenue rose 93% in the third quarter, as nearly all of its major metrics exceeded pre-pandemic levels Key Takeaways: Atour’s revenue nearly doubled and…
ATAT.US
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…
GHG.US
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:…
GHG.US
Struggling European unit tramples on H World’s post-Covid rebound
Four years after H World’s purchase of Deutsche Hospitality, the European asset continues to post significant losses, despite a post-pandemic recovery Key Takeaways: H World Group’s revenue rose 67% in…
HTHT.US
1179.HK
CHINA BULLETIN: China Pumps Up Economy with Cash, But Nobody’s Borrowing
In this week’s issue China rediscovers Australian timber, Oppo ditches chip design and noodle maker Nissin finds savory flavor in falling flour prices. On a scale of 1 to 100, we give the week a 45 for offshore-listed China stocks.
Atour shines on tourism rebound, but ‘revenge travel’ likely to be fleeting
The hotel operator’s revenue per available room (revpar) rose above pre-pandemic levels in the first quarter, but the figure is likely to soften through the rest of the year Key…
ATAT.US
