GreenTree Hospitality reports doubled Q1 net income despite revenue decline
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- GreenTree Hospitality (NYSE:GHG) reported first quarter 2026 total revenues of RMB227.7 million, down 14% year over year.
- Net income doubled to RMB14 million while adjusted EBITDA increased 34.3% on cost reductions and higher margins.
- The company achieved stronger profitability despite lower hotel and restaurant revenues and weaker RevPAR.
GreenTree Hospitality (NYSE:GHG) reported first quarter 2026 total revenues of RMB227.7 million, equivalent to US$33 million, a decrease of 14% year over year.
The decline was driven by lower hotel and restaurant revenues and weaker RevPAR.
Net income doubled to RMB14 million in the quarter.
Adjusted EBITDA rose 34.3% due to substantial cost reductions and higher margins.
GreenTree Hospitality operates a portfolio of hotels and restaurants in China, focusing on mid-scale and economy segments.
The company continues to optimize operations and control costs amid challenging industry conditions in the hospitality sector.
