Greentree Hospit Stock Price, News & Analysis

GreenTree Hospitality Group Ltd. (GHG) reported a 22.3% decline in total revenues to RMB457.4 million (US$68.3 million) for the first half of 2022, primarily due to COVID-19 impacts. Adjusted EBITDA decreased by 46.8% to RMB93.3 million (US$13.9 million), while core net income fell 13.7% to RMB105.9 million (US$15.8 million). The company's operational scale expanded to 4,669 hotels with a pipeline of 1,094 hotels under development. Despite the challenges, the average daily room rate (ADR) increased slightly, though occupancy rates and revenue per available room (RevPAR) saw year-over-year declines.

GreenTree Hospitality Group Ltd. (NYSE: GHG) will release its unaudited financial results for H1 2022 and Q3 operating data on December 27, 2022, after U.S. markets close. An earnings conference call is scheduled for the same day at 8:00 PM ET. Notably, GreenTree has exited its equity interest in Urban, leading to deconsolidation in Q4 2022. As of December 31, 2021, the company operated 4,659 hotels, ranking 11th among global hotel groups and 4th in China.

GreenTree Hospitality Group Ltd. (NYSE: GHG) announced operating data for its hotels for the first half of 2022, revealing a total of 3,934 hotels with 296,330 rooms. The company opened 159 hotels, a notable decrease from 353 in the same period in 2021. GreenTree's average daily room rate (ADR) dropped to RMB148 in Q2 2022, a 13.4% year-over-year decline. The occupancy rate also fell to 64.9%. Additionally, the company faces disputes regarding its holdings in Argyle and Urban Hotel Groups, potentially affecting consolidated financial results.

GreenTree Hospitality Group Ltd. (NYSE: GHG) filed its annual report on Form 20-F for the fiscal year ending December 31, 2021, with the SEC on May 17, 2022. The report is accessible on the Company’s investor relations website and the SEC's website. As of December 31, 2021, GreenTree operated 4,659 hotels, ranking it among the largest global hotel groups. The company offers a diverse brand portfolio across various hospitality segments and aims to enhance client relationships through robust system management.

GreenTree Hospitality Group Ltd. (NYSE: GHG) announces a definitive agreement to acquire Da Niang Dumplings and Bellagio from its controlling shareholder, GreenTree Inns Hotel Management Group, Inc., for approximately RMB399.8 million. This acquisition allows GHG to expand into the fast-growing food service industry in China, fostering diversification and new revenue streams. If the combined net income for 2022-2026 falls below USD20 million, GTI will compensate the Company for the shortfall. The closing is anticipated in the second half of 2022.

GreenTree Hospitality Group Ltd. (GHG) reported fourth-quarter 2021 revenues of RMB307.4 million (US$48.2 million), a 6.1% increase year-over-year. However, income from operations fell by 69.5% to RMB36.1 million (US$5.7 million), with adjusted EBITDA down 47.4%. The occupancy rate decreased to 69.2%, with RevPAR dropping 5.6%. The company opened 138 hotels but closed 403, resulting in a net addition of 319 hotels for the year. GreenTree announced a share repurchase plan of up to US$20 million over the next 12 months, reflecting confidence in long-term growth.

GreenTree Hospitality Group Ltd. (NYSE: GHG) announced it will report its unaudited financial results for Q4 2021 on May 11, 2022, after U.S. market close. A conference call will take place at 9 PM ET, with dial-in numbers provided for various regions. Additionally, the board has received a non-binding proposal from its controlling shareholder to sell its existing restaurant business to GreenTree. A special committee has been formed to review this potential transaction, although no decisions have been made yet regarding its approval or execution.

GreenTree Hospitality Group Ltd. (GHG) reported a 16.3% increase in total revenues to RMB310.4 million (US$48.2 million) for Q3 2021, driven by newly opened hotels. However, income from operations dropped 45.6% year-over-year to RMB54.9 million (US$8.5 million), with adjusted EBITDA down 33.5% to RMB73.7 million (US$11.4 million). Core net income fell 45.7% to RMB50.2 million (US$7.8 million). The company experienced increased operating costs, attributed to hotel openings, and reported a decrease in gross profit margin from 59.5% to 44.3%.

GreenTree Hospitality Group Ltd. (NYSE: GHG) will announce its unaudited financial results for Q3 2021 on January 12, 2022, after U.S. markets close. An earnings conference call will follow at 8:00 PM EST. Interested participants can join via provided dial-in numbers from various locations including the U.S., China, and Hong Kong. As of June 30, 2021, GreenTree operated 4,542 hotels and ranked among the top 12 global hotel groups and the fourth in China for the number of hotels.