Major Bank Ratings | Morgan Stanley: Upgrades Outlook for China's Hotel Industry, Raises Target Prices for Huazhu and Atour, and Assigns "Overweight" Rating

Glonghui, February 9th｜Morgan Stanley released a research report, updating its forecasts for Chinese hotel and leisure companies to reflect the bank’s latest industry outlook and the relative operational performance of each company. The bank’s preference order is Huazhu Group, Atour, BTG Hotels, Jinjiang Hotels, and CYTS. As the revenue per available room (RevPAR) for Chinese hotels has ended its two-year consecutive decline and industry fundamentals have turned supportive, the bank sees a clear shift from a downturn cycle environment to a recovery phase.