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GreenTree Hospitality Group Ltd. Reports Second Quarter 2021 Financial Results

November 16, 2021

GreenTree Hospitality Group Ltd. (NYSE: GHG), a hospitality management group in China, today announced its unaudited financial results for the second quarter of 2021.

Second Quarter of 2021 Operational Highlights

  • A total of 4,542 hotels with 328,773 hotel rooms were in operation as of June 30, 2021, compared to 4,464 hotels and 323,648 hotel rooms as of March 31, 2021.
  • As of June 30, 2021, the Company had 63 leased-and-operated (“L&O”) hotels and 4,479 franchised-and-managed (“F&M”) hotels in operation in 358 cities across China, compared to 35 L&O hotels and 4,029 F&M hotels in operation in 342 cities as of June 30, 2020. The geographic coverage increased by 4.7% year over year.

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