Key Takeaways:
GreenTree Hospitality’s revenue from its organic hotel business rose 17% in the first quarter, as its revpar rose by an even stronger 25%
The hotel operator also closed its purchase of two restaurant chains during the quarter, which will become strong contributors to its revenue
By Doug Young
Key Takeaways:
Atour’s revenue rose just 5% in last year’s fourth quarter due to China’s strict Covid controls, but analysts expect the growth to accelerate to 56% this year
The retail component of the company’s revenue mix, involving sales of in-room merchandise to guests, posted much faster 34% growth
Morgan Stanley cut Tesla, Inc. (NASDAQ: TSLA) price target from $330 to $250. Morgan Stanley analyst Adam Jonas maintained an Overweight rating on the stock. Tesla shares rose 4.4% to $117.65 in pre-market trading.