Core Viewpoint - GreenTree Hospitality Group Ltd. will report its unaudited financial results for Q3 2024 on November 21, 2024, and will hold an earnings conference call at 8:00 AM U.S. Eastern Time on the same day [1]. Group 1: Financial Reporting - The unaudited financial results for the third quarter ended September 30, 2024, will be announced on November 21, 2024 [1]. - An earnings conference call will take place at 8:00 AM U.S. Eastern Time on November 21, 2024 [1]. Group 2: Company Overview - GreenTree Hospitality Group Ltd. is a leading hospitality management group in China, with a total of 4,272 hotels and 183 restaurants as of June 30, 2024 [5]. - In 2023, GreenTree was ranked 11th among the 225 largest global hotel groups by HOTELS magazine based on the number of hotels [5]. - The company was recognized as the fourth largest hospitality company in China in 2023 by the China Hospitality Association [5]. - GreenTree completed the acquisition of Da Niang Dumplings and Bellagio, two prominent restaurant chains in China, in 2023 [5]. Group 3: Business Strategy - GreenTree has a diverse brand portfolio that spans economy, mid-scale, and upscale segments of the hospitality industry, primarily in China [6]. - The company aims to maintain close relationships with clients and partners through a strong membership base, expansive booking network, and superior system management [6].

Company Overview - Greene King Holdings (GHG) is a Chinese franchise hotel operator with approximately 4,059 hotels and nearly 302,497 rooms across China [2] Financial Performance - The company reported revenues of $45.53 million and net profits of $8.52 million, with earnings per share at $0.08 [1] - Gross profit was recorded at $18.14 million, maintaining a price-to-earnings ratio of 9.45 [1] Stock Performance - GHG experienced a significant stock price decline of 5.37%, bringing its share value down to $3.09 [1] - The trading volume was 1,912 shares, with no turnover or price fluctuation reported at the time of the summary [1] - The sole institutional rating suggests holding the stock, with no recommendation to buy or sell [1] Industry Context - The accommodation industry sector reported an overall decline of 0.27% [1] - Luxurban Hotels Inc. and Sonder Holdings Inc. saw significant gains, indicating variability within the sector [1] - Luxurban Hotels Inc. had a turnover rate of 2.88% and a price swing of 9.54%, marking it as one of the more volatile stocks [1]

Exhibit 99.1 GreenTree Hospitality Group Ltd. Reports Second Quarter of 2024 Financial Results SHANGHAI, August 15, 2024 /PRNewswire/ -- GreenTree Hospitality Group Ltd. (NYSE: GHG) ("GreenTree", the "Company", "we", "us" and "our"), a leading hospitality and restaurant management group in China, today announced its unaudited financial results for the second quarter of 2024. · Total revenues decreased by 20.5% year over year to RMB 329.7million (US$45.4 million) · Income from operations was RMB84.4 million ...

GreenTree Hospitality Group 大 娘水 饺 一名大会本优质 2024 Q2 Results August 15, 2024 日 格林东方酒店 区 繁華民 V 格羅酒店 格菲酒店 VX HOTEL 👍 无限 酒 周 格 丽 源 版 👍 👍 特 楽 象 拥 网 - D 世纪 小吃 格 盟 酒店 "Vatica e 贝克酒店 ShallHotel al Disclaimer This presentation does not constitute or form part of any offer for sale or subscription of or solicitation or invitation of any offer to buy or subscribe for any securities. Neither this presentation nor any part of it shall form the basis of or be relied upon in connection with any contract or commitment whats ...

Financial Data and Key Metrics Changes - In Q2 2024, total revenues decreased by 20.5% year-over-year to RMB329.7 million, with hotel revenues down 14.8% to RMB264.6 million and restaurant revenues down 37.8% to RMB35.3 million [10][14][17] - Net income was RMB62.3 million, down 38.9% year-over-year, with a margin of 18.9% [10] - Adjusted EBITDA decreased by 34.5% to RMB83.1 million, with a margin of 25.2% [10] Business Line Data and Key Metrics Changes - Hotel RevPAR decreased by 10.8% year-over-year to RMB125, with LO hotels experiencing a RevPAR drop of 7.3% and FM hotels a drop of 10.9% [10][11] - Restaurant average daily sales (ADS) decreased by 22.1% year-over-year to RMB4,737 [10][12] - The number of franchised and managed restaurants increased to 86.9% of total, with street stores accounting for 45.4% [13] Market Data and Key Metrics Changes - The company observed a trend of increased leisure travel compared to business travel, particularly in third-tier cities [30] - RevPAR in first-tier cities dropped by 12.5%, second-tier by 11.7%, and third-tier cities saw a lesser impact with a 9% reduction [32] Company Strategy and Development Direction - The company is focusing on upgrading hotels to respond to competition and is shifting its restaurant strategy towards franchised street stores [8][9] - Plans to open approximately 480 new hotels in 2024, despite a slower opening rate in Q2 due to regulatory challenges [24][42] - The company aims to maintain a disciplined approach to growth, prioritizing quality over quantity in hotel openings [43] Management's Comments on Operating Environment and Future Outlook - Management noted that consumer and business caution in discretionary spending negatively impacted performance [8] - The company anticipates flat revenue performance for the hotel business in 2024 compared to 2023, citing various operational challenges [24] - Management expressed confidence in the long-term growth potential and profitability of the restaurant business, despite current challenges [48] Other Important Information - The company declared a cash dividend of US$0.10 per ordinary share, indicating a commitment to returning value to shareholders [19] - As of June 30, 2024, total cash and equivalents increased to RMB1,737.2 million from RMB1,517.1 million as of March 31, 2024 [18] Q&A Session Summary Question: Can you provide insights on RevPAR trends for July and August and the outlook for the second half? - Management indicated a steep drop in July's RevPAR of around 15%, with a recovery to less than a 10% drop in August [23] Question: Is there a difference between business and leisure demand? - Management noted a shift towards more leisure travel, especially in third-tier cities, with leisure hotels performing well [30] Question: How does the company compare to peers in the industry? - Management believes the company is performing better than peers in terms of price, occupancy, and reservation numbers [36] Question: What are the reasons for the low number of hotel openings in Q2? - Delays in scheduled openings were attributed to stricter regulations and licensing requirements [42] Question: What are the plans for the restaurant business moving forward? - The company plans to open about 60 new restaurants, focusing on community street stores, while remaining cautious about expansion [49]

SHANGHAI, Aug. 15, 2024 /PRNewswire/ -- GreenTree Hospitality Group Ltd. (NYSE: GHG) ("GreenTree", the "Company", "we", "us" and "our"), a leading hospitality and restaurant management group in China, today announced that its board of directors approved the payment of a cash dividend of US$0.10 per ordinary share, or US$0.10 per American Depositary Share ("ADS").  The holders of the Company's ordinary shares shown on the Company's record at the close of trading on September 30, 2024 (U.S. Eastern Time) (the ...

SHANGHAI, Aug. 12, 2024 /PRNewswire/ -- GreenTree Hospitality Group Ltd. (NYSE: GHG) ("GreenTree" or the "Company"), a leading hospitality management group in China, today announced that it will report its unaudited financial results for the second quarter ended June 30, 2024, on Thursday August 15, 2024. GreenTree's management will hold an earnings conference call at 8:00 AM U.S. Eastern Time on August 15, 2024 (8:00 PM Beijing/Hong Kong Time on August 15, 2024).Dial-in numbers for the live conference call ...

Report details Company's collective effort to achieve goals outlined in its Twentyby30™ programTAMPA, Fla., July 29, 2024 /PRNewswire/ -- Crown Holdings, Inc. (NYSE: CCK) (Crown) (www.crowncork.com) has released its 2023 Sustainability Report detailing the Company's global sustainability activities, including being on track to meet its Scope 3 emissions reduction goal ahead of its 2030 deadline.  The goal falls under the Climate Action pillar of Crown's Twentyby30™ sustainability program.  Established in 20 ...

GreenTree Hospitality Group Ltd. (NYSE:GHG) Q1 2024 Earnings Conference Call June 25, 2024 8:00 AM ET Company Participants Rene Vanguestaine - Investor Relations Alex Xu - Chairman & Chief Executive Officer Selina Yang - Chief Financial Officer Conference Call Participants Betty Du - UBS Alpha Wang - Goldman Sachs Operator Good day, and welcome to the GreenTree Hospitality Group First Quarter 2024 Financial Results Conference Call. All participants will be in a listen-only mode. [Operator Instructions] Plea ...

2024 Q1 Results June 25, 2024 1 Disclaimer This presentation does not constitute or form part of any offer for sale or subscription of or solicitation or invitation of any offer to buy or subscribe for any securities. Neither this presentation nor any part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. Specifically, this presentation does not constitute a “prospectus” within the meaning of the Securities Act of 1933, as amended. Our historical resul ...