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    Alpha Wang

    Vice President and Equity Research Analyst at Goldman Sachs

    Alpha Wang is a Vice President and Equity Research Analyst at Goldman Sachs, specializing in technology sector research with a focus on software and IT services companies. She covers a diverse range of firms including Salesforce, ServiceNow, Atlassian, and Workday, and is recognized for her detailed fundamental analysis and accurate stock recommendations, with her calls consistently ranking above the peer average on third-party platforms. Wang began her finance career after completing her studies at a top-tier university, joining Goldman Sachs in 2017 following previous experience at a boutique investment research firm. She holds FINRA Series 7, 63, and 86/87 licenses, demonstrating her strong regulatory credentials and commitment to industry standards.

    Alpha Wang's questions to GreenTree Hospitality Group (GHG) leadership

    Alpha Wang's questions to GreenTree Hospitality Group (GHG) leadership • Q1 2024

    Question

    Alpha Wang of Goldman Sachs questioned how the company would achieve its full-year revenue guidance given the RevPAR decline in H1. He also asked for the hotel opening target for the year and its breakdown by L&O versus F&M.

    Answer

    Executive Alex Xu clarified that the 7-12% hotel revenue growth guidance remains intact because strong revenue contributions from newly opened F&M hotels and high-performing L&O properties are expected to more than compensate for the RevPAR softness in the existing portfolio. Xu stated the full-year target is 480 new hotel openings, with approximately 99% being franchised and managed (F&M).

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