Aug 29Liked by Moatless Capital, East Asia Stock Insights
thank you for the great write up. What do you think about GreenTree Hospitality Group? Atour seem to be the better hotel group - but would love to know your thoughts on which one is a better investment. thank you.
I have not done in-depth research into GreenTree so I can't comment on it specifically. However in general scale advantage (in terms of membership, procurement, and bargaining power vs. OTAs etc) would suggest Atour (and H World in that respect) would be advantaged vs. GreenTree (which I assume is significantly smaller).
thank you for the great write up. What do you think about GreenTree Hospitality Group? Atour seem to be the better hotel group - but would love to know your thoughts on which one is a better investment. thank you.
I have not done in-depth research into GreenTree so I can't comment on it specifically. However in general scale advantage (in terms of membership, procurement, and bargaining power vs. OTAs etc) would suggest Atour (and H World in that respect) would be advantaged vs. GreenTree (which I assume is significantly smaller).
Just for your information - here's a summary of GreenTree:
Members - 91 million Individuals, 2 million corporates
Number of Rooms - 309,000
Number of Hotels - 4,238
RevPar is 128 RMB.
Market cap is $260M.
Liquidity is an issue as it's 90% owned by the Chairman/CEO. If you want to build a good position - the stock would easily move 10-20%.