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GreenTree Hospitality sees 2024 hotel revenue down 8% year-over-year
The Fly

GreenTree Hospitality sees 2024 hotel revenue down 8% year-over-year

2024 hotel revenue guidance is based on operating performance so far this year, in particular lower than expected travel in Q3, and the strategic review of its LO hotels segment that led to the net closure of 9 hotels by the end of Q3 and contributed nearly half of the decline.

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