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 First Quarter of 2026 Financial Results
GreenTree reported a 14% year-over-year decline in Q1 2026 revenue to RMB227.7 million, driven by decreases in both hotel and restaurant segments.
Despite the top-line contraction, operating income surged to RMB28.7 million from RMB11.3 million a year ago, while net income nearly doubled to RMB14.0 million.
The company issued negative guidance, expecting organic hotel business revenue to decline 10% to 15% for the year due to strategic closures and a slowdown in new openings.