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.
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.
GreenTree Hospitality Group reports a strong rebound in 2021, with total revenue rising 57.5% to RMB588.3 million and net income increasing by 83.8% to RMB146.3 million. The company successfully navigated pandemic challenges, achieving significant month-over-month growth in Revenue per Available Room despite temporary setbacks from Covid-19 outbreaks. Expansion efforts included adding 23 new leased and operated hotels, focusing on high-growth regions. Looking ahead, GreenTree plans to enhance its marketing strategies and invest in technology to improve operations and customer satisfaction.
On December 16, 2021, GreenTree Hospitality Group Ltd. (NYSE: GHG) held its 2021 annual general meeting of shareholders, where the re-appointment of Ernst & Young Hua Ming LLP as independent auditor for the fiscal year ending December 31, 2021, was approved. GreenTree is a leading hospitality management group in China, operating 4,542 hotels as of June 30, 2021. It ranked among the top hospitality companies globally and is known for its diverse brand portfolio in the mid-to-upscale and luxury segments.
GreenTree Hospitality Group Ltd. (NYSE: GHG) reported a 60.7% year-over-year increase in total revenues to RMB347.1 million (US$53.8 million) for Q2 2021. Income from operations rose 42.5% to RMB89.3 million (US$13.8 million). Adjusted EBITDA was RMB111.2 million (US$17.2 million), marking a 44.0% increase. The company's occupancy rate improved to 78.6%. Despite operational losses from newly opened hotels, GreenTree's pipeline includes 1,271 hotels, signaling continued expansion and optimistic recovery in domestic tourism.
GreenTree Hospitality Group Ltd. (NYSE: GHG) will hold its annual general meeting on December 15, 2021, to approve the re-appointment of Ernst & Young Hua Ming LLP as independent auditor for the fiscal year ending December 31, 2021. Shareholders of record as of November 15, 2021 can vote. The notice and the 2020 annual report are available on the Company's Investor Relations website. GreenTree is a leading hospitality management group in China, operating 4,464 hotels as of March 31, 2021.
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