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) will announce its unaudited financial results for Q2 2021 after U.S. markets close on November 15, 2021. An earnings conference call is scheduled for 8:00 PM ET on the same day, with international dial-in numbers provided. As of March 31, 2021, GreenTree operated 4,464 hotels and ranked among the top hospitality groups in China.
GreenTree Hospitality Group reported strong financial results for Q1 2021, with revenues increasing 53.3% year-over-year to RMB241.2 million (US$36.8 million). Income from operations rose 64.9% to RMB61.4 million (US$9.4 million). Adjusted EBITDA surged 74.3% to RMB64.0 million (US$9.8 million). Core net income also grew 58.3% to RMB43.9 million (US$6.7 million). The company expanded its hotel network, operating 4,464 hotels across 353 cities, with a 16.1% increase in occupancy rates compared to Q1 2020.
GreenTree Hospitality Group Ltd. (NYSE: GHG) will announce its unaudited financial results for Q1 2021 on July 28, 2021, after U.S. markets close. An earnings conference call will follow at 9:00 PM ET. GreenTree operates 4,340 hotels as of December 31, 2020, and is ranked among the top hospitality groups in China. The company focuses on providing a strong brand portfolio, catering to different market segments, and maintaining quality service. Interested parties can join the call using provided dial-in numbers.
GreenTree Hospitality Group Ltd. (NYSE: GHG) filed its annual report on Form 20-F for the fiscal year ended December 31, 2020, with the SEC on April 30, 2021. As of the end of 2020, GreenTree operated 4,340 hotels and ranked among the top 12 worldwide hotel companies in 2019. The company aims to strengthen its brand offerings across various market segments in China by leveraging its strong membership base and operational capabilities. The annual report is available for stakeholders on the investor relations and SEC websites.
GreenTree Hospitality Group (NYSE: GHG) reported its Q4 2020 financial results, showing total revenues of RMB 289.8 million (US$ 44.4 million), an increase of 0.1% YoY, and 8.6% sequentially. Income from operations rose 17.4% to RMB 118.5 million (US$ 18.2 million), with a gross profit margin of 65.6%. Core net income grew 18.3% to RMB 109.3 million (US$ 16.8 million). Despite challenges from COVID-19, the company opened 203 hotels in Q4. For 2021, GHG anticipates a revenue increase of 48%-53% compared to 2020, supported by a strong recovery in the hospitality sector.
GreenTree Hospitality Group Ltd. (NYSE: GHG) will release its unaudited financial results for Q4 and the fiscal year ending December 31, 2020, on April 14, 2021, post U.S. market close. Management will conduct an earnings call at 9:00 PM ET the same day, with dial-in options available for international participants. As of September 30, 2020, GreenTree operated 4,195 hotels, ranking in the Top 12 globally by HOTELS magazine in 2019. The company emphasizes its strong brand portfolio and commitment to service quality in the competitive hospitality industry in China.
GreenTree Hospitality Group (NYSE: GHG) reported a 23.6% sequential revenue increase to RMB266.9 million (US$39.3 million) for Q3 2020, though this reflects an 8.6% decline year-over-year. Significant operational gains were noted, with income from operations rising 61.1% to RMB100.9 million (US$14.9 million) compared to Q2 2020. Adjusted EBITDA increased 46.6% to RMB134.0 million (US$19.7 million). However, the average daily room rate (ADR) fell 12.9% year-over-year. The company anticipates a 12%-15% revenue decline for FY 2020 amid ongoing pandemic impacts.
GreenTree Hospitality Group Ltd. (NYSE: GHG) will hold its annual general meeting on December 22, 2020, at 9:00 PM EST. Key agenda includes the re-appointment of Ernst & Young Hua Ming LLP as independent auditor for the fiscal year ending December 31, 2020. Record holders of ordinary shares as of November 22, 2020 are entitled to vote. The notice and 2019 annual report are available on the company's website. GreenTree is a leading hospitality group in China, operating 4,066 hotels as of June 30, 2020, and ranked among the top hotel groups globally.
GreenTree Hospitality Group Ltd. (NYSE: GHG) will report its unaudited financial results for the quarter ended September 30, 2020 on December 2, 2020, post U.S. market close. An earnings conference call is scheduled for 8:00 PM ET on the same day. As of June 30, 2020, GreenTree operated a total of 4,066 hotels and ranked among the top hospitality groups in China. The company aims to enhance its brand portfolio and maintain strong client relationships through quality service and management.
GreenTree Hospitality Group Ltd. (NYSE: GHG) reported its Q2 2020 results amid COVID-19 challenges, revealing a 21.4% decline in total revenues to RMB216.0 million (US$30.6 million). Both net income and adjusted EBITDA decreased significantly, down 26.3% and 47.2%, respectively. The occupancy rate dropped to 63.4%, a stark contrast from 81.1% in Q2 2019. Despite these declines, the company opened 111 hotels, increasing its portfolio to 4,066 hotels. Future guidance anticipates an 8%-13% revenue drop for Q3 2020, with a full-year decline forecasted at 10%-15% compared to 2019.
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