GreenTree Hospitality Group Ltd. provided earnings guidance for the full year 2023. For the year, company revised guidance for the total revenues of its organic hotels upwards. The company now expect them to grow 36% to 38% year-over-year.

The company expects total combined revenues from our restaurant and organic hotel business for the full year of 2023 to grow 17% to 19% over the 2022 levels, reflecting the impact of the closure of restaurants.