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) is a hospitality and restaurant management group in China that regularly publishes detailed updates on its operating and financial performance. News about GreenTree often centers on its large hotel and restaurant network, trends in key performance indicators, and the balance between leased-and-operated and franchised-and-managed properties.
Company press releases provide granular data on hotel metrics such as average daily room rate, occupancy rate and revenue per available room (RevPAR), as well as restaurant metrics including average check (AC), average daily tickets (ADT) and average daily sales per store (ADS). These updates explain how changes in RevPAR, ADS, and store or hotel counts affect total revenues in the hotel and restaurant segments, and they distinguish between contributions from leased-and-operated and franchised-and-managed businesses.
Investors following GHG news will also see regular discussions of cost structure and profitability, including operating costs, selling and marketing expenses, general and administrative expenses, and non-GAAP measures such as Adjusted EBITDA and core net income. GreenTree’s announcements describe factors such as hotel and restaurant closures, new openings, and adjustments to management fees that influence margins and segment performance.
In addition, GreenTree issues news about its capital allocation decisions and regulatory reporting, including dividend declarations, share buyback plans, and the filing of its annual report on Form 20-F and interim results on Form 6-K. For ongoing insight into this China-focused hospitality and restaurant group, the GHG news feed aggregates these earnings releases, operational highlights and corporate announcements in one place.
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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.
GreenTree Hospitality Group Ltd. (NYSE: GHG) will release its unaudited financial results for the six months ending December 31, 2022, on April 6, 2023, after U.S. market close. The management will host a conference call at 9:00 PM U.S. Eastern Time the same day. In related updates, GreenTree has completed the acquisition of Da Niang Dumplings and Bellagio from its controlling shareholder, GTI, resolving outstanding loans through the purchase price. The previous equity interest in Urban was sold, effectively deconsolidating Urban from GreenTree’s financials.
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.
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