China's GreenTree Hospitality Q4 revenue falls on lower RevPAR and hotel closures

GreenTree Hospitality

29/04/2026 14:42

Overview

China hotel and restaurant operator's Q4 revenue fell 24.9% yr/yr on lower RevPAR and closures

Company reported Q4 net loss, impacted by impairment and loan provision charges

Core net income rose 9.2% yr/yr, with margin up to 27.6% on lower costs

Outlook

Company expects 2026 organic hotel business revenue to be flat versus 2025 levels

Result Drivers

HOTEL CLOSURES AND LOWER REVPAR - Co said hotel revenue fell due to a 9.5% drop in RevPAR and closure of 15 leased-and-operated hotels, partly offset by new openings

RESTAURANT SALES DECLINE - Restaurant revenue dropped mainly due to a 21.8% decrease in average daily sales per store and fewer stores in operation

COST REDUCTIONS - Operating costs fell, mainly due to lower depreciation, staff, and consumable expenses after hotel and restaurant closures

Company press release: ID:nPn2dL9vTa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
RMB 228.70 mln


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)