Welcome to our dedicated page for Greentree Hospit news (Ticker: GHG), a resource for investors and traders seeking the latest updates and insights on Greentree Hospit stock.
GreenTree Hospitality Group Ltd (NYSE: GHG), a leader in China's hospitality sector, maintains this dedicated news hub for tracking its franchised hotel and restaurant operations. Access timely updates on strategic developments across GreenTree's portfolio of economy-to-upscale brands, including GreenTree Inns and GreenTree Eastern.
This resource offers investors and industry professionals centralized access to earnings announcements, franchise network expansions, and management initiatives shaping the company's position in China's competitive tourism market. Monitor updates covering both hotel segment developments and restaurant operations, reflecting GreenTree's dual operational focus.
Key content includes notifications of new property openings, strategic partnerships, and system management enhancements across its 2,000+ locations. Stay informed about operational adjustments responding to China's evolving travel trends and consumer preferences.
Bookmark this page for streamlined access to GreenTree's official communications, providing essential insights for evaluating the company's performance in hotel franchising and diversified hospitality services.
GreenTree Hospitality Group (NYSE: GHG) filed its annual report on Form 20-F for the fiscal year ending December 31, 2023. The report is available on the Company's investor relations website and the SEC's website. Shareholders and ADS holders can request a hard copy of the report for free.
GreenTree Hospitality Group Ltd. (GHG) reported a significant 21.1% decrease in total revenues for the second half of 2022, totaling RMB487.8 million (US$70.7 million). This decline was mainly due to the deconsolidation of Argyle and the disposal of Urban, compounded by pandemic impacts. Despite lower revenues, income from operations surged by 516.4% year-over-year to RMB20.0 million (US$2.9 million). However, adjusted EBITDA fell by 21.2% to RMB118.3 million (US$17.2 million). The company opened 161 hotels in H2 2022, a substantial decrease from 320 in the prior year. Looking ahead to 2023, GHG expects total revenues to potentially grow by 90%-95% as it incorporates restaurant operations following recent acquisitions.
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