GreenTree Hospitality Group Reports 18.7% Revenue Drop in Q2 2026

GreenTree Hospitality Group Ltd. announced its financial results for the second quarter of 2026, revealing a significant 18.7% decline in total revenues compared to the same period last year. The company's total revenues amounted to RMB235.1 million (approximately US$34.7 million).

Income from operations stood at RMB48.2 million (approximately US$7.1 million), a slight decrease from RMB49.2 million reported in the second quarter of 2025. Net income for the quarter was RMB21.3 million (approximately US$3.1 million), a substantial drop from RMB160.0 million in the prior-year period.

The results indicate challenges within the hospitality sector, impacting the company's top-line performance and profitability. GreenTree Hospitality Group is assessing its operational strategies in response to the prevailing market conditions.

GreenTree Hospitality Group is a hotel owner and operator based in China, focusing on providing affordable and quality lodging services.