Hotel Performance

GreenTree Hospitality Group reported its unaudited H1 2025 financial results, revealing a mixed performance. Total revenues decreased 14.2% year-over-year to RMB 585.1 million, while net income increased to RMB 198.8 million due to strategic investments. Adjusted EBITDA decreased by 22.2%. The company operated 4,509 hotels as of June 30, 2025, and opened 138 hotels during the period. Hotel RevPAR declined while restaurant ADS also decreased significantly.