GreenTree Hospitality Group Ltd. is a prominent hotel operator in the People's Republic of China, engaging in the development and management of accommodations under its GreenTree brand. The company's portfolio comprises both directly owned and leased hotels, alongside an extensive network of franchised and managed properties. By the close of 2021 (December 31), GreenTree oversaw 66 leased and operated hotels, offering 7,064 guest rooms. Its broader footprint encompassed 4,593 franchised and managed establishments, accounting for 330,089 rooms spread across 367 cities throughout China. Significant growth is also underway, with 1,225 new hotels and 91,887 rooms either contracted or in various stages of development. Founded in 2004 and based in Shanghai, China, the company operates as a subsidiary of GreenTree Inns Hotel Management Group, Inc.
GreenTree Hospitality Group Ltd. Reports Second Quarter of 2026 Financial Results
GreenTree Hospitality reported Q2 revenue of RMB235.1 million, down 18.7% year-over-year, while GAAP net income dropped sharply to RMB21.3 million from RMB160.0 million in the prior year.
Operational metrics showed weakness with RevPAR falling 9.1% to RMB103 and occupancy decreasing to 65.2%, though the total hotel count grew to 4,615 properties.
Excluding non-recurring items, Core net income increased 4.4% to RMB47.2 million, and the company maintained its full-year guidance. The board also authorized a $5 million share repurchase program.