GreenTree Hospitality Group Ltd
NYSE:GHG
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GreenTree Hospitality Group Ltd
NYSE:GHG
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CN |
GreenTree Hospitality Group Ltd
GreenTree Hospitality Group Ltd. is a holding company engages in hospitality business. The company is headquartered in Shanghai, Shanghai and currently employs 2,565 full-time employees. The company went IPO on 2018-03-27. The Company’s hotel network is mostly comprised of franchised-and-managed hotels. The firm is dedicated to operate mid-scale hotels and its main brand is called GreenTree Inns. The firm operates its business mainly in China.
GreenTree Hospitality Group Ltd. is a holding company engages in hospitality business. The company is headquartered in Shanghai, Shanghai and currently employs 2,565 full-time employees. The company went IPO on 2018-03-27. The Company’s hotel network is mostly comprised of franchised-and-managed hotels. The firm is dedicated to operate mid-scale hotels and its main brand is called GreenTree Inns. The firm operates its business mainly in China.
Revenue Decline: Total revenue dropped 18.2% year-over-year in Q4 to RMB 304.5 million, mainly due to hotel closures and lower RevPAR.
Hotel Closures & Strategy: The company continued closing underperforming leased and operated hotels, especially in lower-tier cities, and plans to focus on franchised and managed hotels and street stores.
Flat Revenue Outlook: Management expects 2025 organic hotel revenue to be flat year-over-year, with RevPAR also projected to remain flat for the full year.
Restaurant Transformation: Restaurant business continued its shift to franchised and managed, and street stores now make up over half of outlets. Restaurant revenues fell sharply, but the business turned profitable at the operating level.
Hotel Expansion: Plans to open 480 new hotels and close about 200 in 2025, targeting a net addition of 280 hotels.
Profitability Impacted: Net income was negative, mainly due to one-time impairments, though adjusted net income and cash from operations both improved year-over-year.
Liquidity Initiatives: Management is pursuing a reverse merger to boost trading liquidity and expects stronger cash flows and dividends to support shareholder confidence.
