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GreenTree Hospitality Branches Out From the Midscale Segment

TheMotleyFool

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GreenTree Hospitality Branches Out From the Midscale Segment

China-based GreenTree Hospitality Group (NYSE: GHG) generated double-digit top-line expansion in its third quarter of 2019, as it extended its footprint within Chinese cities and added a slew of new properties to its franchise and management (F&M) roster. The company also progressed in its initiative to extend past its midscale concentration into the luxury and economy segments.

Note that all comparable numbers that follow refer to those of the prior-year quarter.

Data source: GreenTree Hospitality Group.

Source Fool.com

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