olivLaw · US equity research
GreenTree Hospitality Group Ltd. GHG
Hotels & Motels · SIC 7011 · Vertical: Hotels & Motels (SIC 7011)
GreenTree Hospitality Group is the largest pure play franchised hotel operator in China, with a network that has grown steadily and now spans economy to mid-to-up-scale brands. Its asset-light model and focus on Tier 3 and lower cities position it well in a Chinese hotel market where consumers seek good value, though revenues in fiscal 2025 declined from earlier years.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, GreenTree Hospitality Group Ltd. (GHG) stock was 0.94 USD (+0.48% on the day), with P/E 0.3 on diluted EPS of 3.75 USD over the last 12 months, beta 0.25, 52-week range 0.93–2.01 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 42.4
- weak (30–45)
- Bollinger (20, 2)
- 0.92 – 1.03
- in the lower half of the band · %B 0.18 · band width 11.1%
- SMA 50 / 200
- 1.01 / 1.22
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.02 / -0.01
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −6.3% | −1.1% | −5.2 pp | — |
| 3 months | −17.0% | −0.5% | −16.6 pp | — |
| 6 months | −24.4% | +4.4% | −28.8 pp | — |
| Year to date | −44.5% | +12.3% | −56.8 pp | — |
| 1 year | −53.1% | +13.5% | −66.7 pp | +9.5% |
| 3 years | −78.6% | +76.4% | −155.1 pp | +9.3% |
| 5 years | −89.0% | +63.7% | −152.7 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 0 percentile of its own 1-quarter history (min 3.5, median 3.5, max 3.5; quarters with earnings only).
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 137.4 m | 156.8 m | 142.5 m | 189.3 m | 135.8 m | 229.2 m | 184.1 m | 156.9 m |
| Revenue YoY | unavailable | +14.1% | −9.1% | +32.8% | −28.2% | +68.7% | −19.7% | −14.7% |
| Net income | 57.3 m | 63.6 m | 40.1 m | 18.4 m | -55.4 m | 37.9 m | 15.1 m | 23.9 m |
| Net income YoY | unavailable | +10.9% | −37.0% | −54.0% | −400.7% | unavailable | −60.3% | +58.3% |
| Diluted EPS | 3.75 | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| Diluted EPS YoY | +25.4% | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| net % | 41.7% | 40.5% | 28.1% | 9.7% | -40.8% | 16.6% | 8.2% | 15.2% |
| Free cash flow | 60.6 m | 43.2 m | 28.1 m | 3.0 m | 32.4 m | 51.7 m | 40.2 m | 2.9 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 236.3 m USD
- Financial debt
- 44.8 m USD
- Net debt
- -191.5 m USD
- Equity
- 230.0 m USD
- Total assets
- 684.4 m USD
- Debt / equity
- 0.19x
- Current ratio
- 1.61x
- ROE
- 11.0%
- ROA
- 3.5%
- FCF margin
- 1.8%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 142.5 m | 189.3 m | 135.8 m | 229.2 m | 184.1 m | 156.9 m | SEC (XBRL)· 30 Apr 2026verified |
| Cost of revenue | 60.2 m | 102.2 m | 86.1 m | 133.4 m | 112.7 m | 102.2 m | SEC (XBRL)· 30 Apr 2026verified |
| Gross profit | 82.4 m ≈ | 87.1 m ≈ | 49.7 m ≈ | 95.8 m ≈ | 71.4 m ≈ | 54.8 m ≈ | SEC (XBRL)· 30 Apr 2026derived |
| Operating income | 48.9 m | 24.2 m | -64.2 m | 47.3 m | 22.2 m | 8.1 m | SEC (XBRL)· 30 Apr 2026verified |
| Depreciation & amortisation | 10.1 m | 15.4 m | 15.9 m | 16.5 m | 14.0 m | 11.4 m | SEC (XBRL)· 30 Apr 2026verified |
| EBITDA | 59.0 m ≈ | 39.5 m ≈ | -48.3 m ≈ | 63.7 m ≈ | 36.2 m ≈ | 19.5 m ≈ | SEC (XBRL)· 30 Apr 2026derived |
| Interest expense | 529.7 k | 2.0 m | 3.7 m | 2.0 m | 864.5 k | 1.1 m | SEC (XBRL)· 30 Apr 2026verified |
| Pre-tax income | 54.3 m | 34.9 m | -66.6 m | 53.6 m | 27.0 m | 29.3 m | SEC (XBRL)· 30 Apr 2026verified |
| Income tax | 16.9 m | 17.1 m | -6.6 m | 16.7 m | 12.2 m | 6.6 m | SEC (XBRL)· 30 Apr 2026verified |
| Net income | 40.1 m | 18.4 m | -55.4 m | 37.9 m | 15.1 m | 23.9 m | SEC (XBRL)· 30 Apr 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Revenue − Cost of revenue; Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 93.7 m | 46.8 m | 92.4 m | 107.8 m | 204.2 m | 236.3 m | SEC (XBRL)· 30 Apr 2026verified |
| Receivables | 15.6 m | 15.0 m | 16.7 m | 17.4 m | 13.7 m | 11.6 m | SEC (XBRL)· 30 Apr 2026verified |
| Inventories | 583.1 k | 360.5 k | 324.2 k | 2.9 m | 942.8 k | 703.9 k | SEC (XBRL)· 30 Apr 2026verified |
| Current assets | 242.8 m | 287.4 m | 246.8 m | 229.1 m | 251.4 m | 271.1 m | SEC (XBRL)· 30 Apr 2026verified |
| Property, plant & equipment, net | 102.5 m | 164.0 m | 121.0 m | 114.8 m | 89.0 m | 80.1 m | SEC (XBRL)· 30 Apr 2026verified |
| Goodwill | 15.7 m | 17.5 m | 4.3 m | 24.9 m | 13.2 m | 3.7 m | SEC (XBRL)· 30 Apr 2026verified |
| Intangibles (excl. goodwill) | 75.3 m | 81.6 m | 5.5 m | 16.6 m | 10.4 m | 8.1 m | SEC (XBRL)· 30 Apr 2026verified |
| Total assets | 627.6 m | 732.4 m | 738.9 m | 713.6 m | 677.8 m | 684.4 m | SEC (XBRL)· 30 Apr 2026verified |
| Accounts payable | 3.0 m | 3.8 m | 3.0 m | 10.3 m | 7.7 m | 6.4 m | SEC (XBRL)· 30 Apr 2026verified |
| Short-term debt | 150.0 m | 55.9 m | 14.5 m | 16.5 m | 54.8 k | 8.1 m | SEC (XBRL)· 30 Apr 2026verified |
| Long-term debt | — | 47.4 m | 43.8 m | 8.0 m | 35.2 m | 36.6 m | SEC (XBRL)· 30 Apr 2026verified |
| Current liabilities | 133.3 m | 196.1 m | 179.0 m | 189.0 m | 159.7 m | 168.8 m | SEC (XBRL)· 30 Apr 2026verified |
| Total liabilities | 282.8 m | 411.8 m | 523.0 m | 505.2 m | 473.3 m | 454.5 m | SEC (XBRL)· 30 Apr 2026verified |
| Equity | 344.8 m | 320.6 m | 215.9 m | 208.5 m | 204.5 m | 230.0 m | SEC (XBRL)· 30 Apr 2026verified |
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 45.3 m | 56.6 m | 42.4 m | 64.1 m | 51.2 m | 40.2 m | SEC (XBRL)· 30 Apr 2026verified |
| Capex | 17.2 m | 53.6 m | 10.0 m | 12.4 m | 10.9 m | 37.3 m | SEC (XBRL)· 30 Apr 2026verified |
| Free cash flow | 28.1 m ≈ | 3.0 m ≈ | 32.4 m ≈ | 51.7 m ≈ | 40.2 m ≈ | 2.9 m ≈ | SEC (XBRL)· 30 Apr 2026derived |
| Investing cash flow | -17.1 m | -145.7 m | 57.8 m | -13.2 m | 47.3 m | -9.0 m | SEC (XBRL)· 30 Apr 2026verified |
| Financing cash flow | 17.7 m | 40.1 m | -49.6 m | -42.8 m | 1.4 m | -6.2 m | SEC (XBRL)· 30 Apr 2026verified |
| Dividends paid | — | 50.3 m | 5.9 m | — | 9.7 m | 6.2 m | SEC (XBRL)· 30 Apr 2026verified |
| Share repurchases | — | — | — | 2.8 m | 50.0 k | 762 | SEC (XBRL)· 30 Apr 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- score weight coverage: 56.2% of at least 60%
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: unavailable
Key indicators
Coverage and freshness
Score by group
56% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/EBITDAunavailable · input data missing
- Peers: P/Eunavailable · input data missing
- Dividend discount (DDM)unavailable · input data missing
no valuation method could be computed
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: score weight coverage: 56.2% of at least 60%; valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 17.0% | 82 (vs peers) | 19% |
| Net margin · Quality | 15.2% | 88 (vs peers) | 11% |
| FCF conversion · Quality | 12.1% | 0 (on a fixed band) | 11% |
| Revenue CAGR 3Y · Growth | 4.9% | 41 (on a fixed band) | 15% |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | -9.8x | 100 (vs peers) | 19% |
| Interest coverage · Balance sheet | 7.4x | 91 (on a fixed band) | 11% |
| Current ratio · Balance sheet | 1.6x | 67 (on a fixed band) | 7% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | 213.8% | 0 (on a fixed band) | 7% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet91/100 · 3/3 factors with a value
- Growth· partial41/100 · 1/2 factors with a value
- Quality61/100 · 3/3 factors with a value
- Returns· partial0/100 · 1/2 factors with a value
- Valuation· partialunavailable · 0/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
GreenTree Hospitality Group Ltd. (GHG). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 156.9 m USD in 2025; YoY growth -14.7%; net margin 15.2%; ROE 11.2%; net debt/EBITDA -9.8x.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (score weight coverage: 56.2% of at least 60%; valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- ROIC: 17.0%
- Net margin: 15.2%
- Net debt / EBITDA: -9.8x
- Interest coverage: 7.4x
What contradicts it
- FCF conversion: 12.1%
- Payout ratio (FCF): 213.8%
Not assessed (insufficient data or a ratio without meaning): EPS CAGR 3Y, P/E (TTM), EV/EBITDA, FCF yield, Shareholder yield (distributions).
Versus the vertical median
Hotels & Motels (SIC 7011) · same industry (4-digit SIC) · compared with 26 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| HTHTH World Group Ltd | 154.3 bn | 218.4 | 41.5% | 20.1% | +10.5% | +9% / +37% |
| MARMarriott International Inc | 109.4 bn | 42.4 | — | 9.7% | +4.3% | +39% / +110% |
| HLTHilton Worldwide Holdings Inc. | 83.8 bn | 50.8 | — | 13.4% | +7.7% | +32% / +125% |
| IHGInterContinental Hotels Group PLC | 29.0 bn | 36.2 | — | 14.6% | +5.4% | +31% / +124% |
| LVSLas Vegas Sands Corp. | 25.5 bn | 16.7 | 262.8% | 11.8% | +15.2% | −40% / −12% |
| ATATAtour Lifestyle Holdings Limited | 14.5 bn | 63.7 | 50.5% | 16.6% | +41.0% | −9% / +97% |
| WYNNWynn Resorts, Limited | 8.5 bn | 19.7 | — | 6.1% | +0.1% | −36% / −2% |
| MGMMGM Resorts International | 8.3 bn | 12.7 | 26.8% | 3.9% | +1.7% | −7% / −17% |
| CZRCaesars Entertainment, Inc. | 6.0 bn | — | -15.1% | -4.5% | +2.1% | +26% / −34% |
| WHWyndham Hotels & Resorts, Inc. | 5.9 bn | 29.8 | 38.2% | 14.0% | +1.5% | +10% / +4% |
| MLCOMelco Resorts & Entertainment Limited | 5.7 bn | 30.6 | — | 3.6% | +11.3% | −48% / −33% |
| BYDBoyd Gaming Corp | 5.5 bn | 11.7 | 19.6% | 12.3% | +4.1% | −7% / +32% |
| CHHChoice Hotels International Inc | 5.4 bn | 26.7 | 146.5% | 12.7% | +0.8% | +32% / +9% |
| TNLTravel & Leisure Co. | 4.7 bn | 20.7 | — | 5.7% | +4.1% | +13% / +118% |
| PKPark Hotels & Resorts Inc. | 3.4 bn | — | -5.0% | -6.4% | −2.2% | +57% / +14% |
| SHOSunstone Hotel Investors, Inc. | 2.4 bn | 54.7 | 2.8% | 5.3% | +6.0% | +39% / +32% |
| PENNPenn Entertainment, Inc. | 2.3 bn | — | -37.4% | -12.7% | +5.8% | +18% / −29% |
| XHRXenia Hotels & Resorts, Inc. | 2.0 bn | 628.9 | 0.3% | 0.3% | +3.8% | +57% / +79% |
| MCRIMonarch Casino & Resort, Inc. | 2.0 bn | 17.9 | 20.4% | 20.4% | +4.4% | +17% / +80% |
| BALYBally’s Corporation | 680.3 m | — | — | — | +0.1% | −23% / unavailable |
| FLLFull House Resorts Inc | 29.1 m | — | -936.4% | -12.1% | +3.5% | −70% / −84% |
| CNTYCentury Casinos, Inc. | 16.9 m | — | — | -9.6% | −0.5% | −61% / −86% |
| MRNOMurano Global Investments Plc | — | — | -54.7% | -488.8% | +154.6% | −88% / −98% |
| HHyatt Hotels Corporation | — | 98.6 | 5.6% | 2.6% | +6.8% | +16% / +66% |
| GHGGreenTree Hospitality Group Ltd. | — | — | 11.2% | 15.2% | −14.7% | −53% / −79% |
1- and 3-year price returns: for GHG from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Scenarios are not available. input data missing
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 30 Apr 2026; since then the company filed 6-K (25 Aug 2026), 6-K (30 Jun 2026), 6-K (06 May 2026).
In brief
GreenTree Hospitality Group is the largest pure play franchised hotel operator in China, with a network that has grown steadily and now spans economy to mid-to-up-scale brands. Its asset-light model and focus on Tier 3 and lower cities position it well in a Chinese hotel market where consumers seek good value, though revenues in fiscal 2025 declined from earlier years 1.
SWOT
Strengths
- An asset-light franchise model that allows rapid expansion without heavy property investment, earning franchise and management fees.
- A large direct sales channel and membership program that drive a major share of bookings and reduce marketing costs.
- A diversified brand portfolio covering economy, mid-scale and mid-to-up-scale segments.
Weaknesses
- Revenues declined in fiscal 2025 from earlier years, showing sensitivity to demand conditions.
- Heavy dependence on the Chinese market exposes the company to that country's economic and regulatory risks.
- Leased-and-operated hotels carry high fixed costs, which amplify the impact of falling revenues.
Opportunities
- Expansion into smaller cities and central, southeast and southwest China, where demand for moderately priced hotels exists.
- A pipeline of more than 1,200 contracted or under-development hotels could support future network growth.
- Growing the restaurant network through franchising could reduce reliance on shopping mall locations.
Threats
- A slowdown in China's economy could reduce demand for accommodation and discretionary spending.
- Chinese government policy could change the rules for companies listed overseas and for foreign investment.
- Political tensions between China and the United States could affect the listing and investor perception of the company.
Risks
- Slowdown in the Chinese economyhigh
Demand for accommodation and restaurant services depends on consumer spending, and a prolonged slowdown could reduce revenues.
- Regulation and government controlhigh
The Chinese government has broad authority over the industry and over overseas securities offerings, which could limit operations or the value of the securities.
- Chinese legal systemmedium
Interpretation of laws can be uncertain, and administrative or court proceedings can be lengthy and costly.
- Currency conversion controlsmedium
Restrictions on converting RMB could limit the ability of subsidiaries to transfer dividends to the parent company.
- Geopolitical tension and listingmedium
Tensions between China and the United States and possible restrictions on China-based companies listed in the US could affect the tradability of the shares.
Investment thesis
What would need to be true (bull case)
- If growth in smaller cities continues, the company could increase its franchised hotel count and fee revenues.
- The asset-light model and high share of direct bookings could support good margins even in a weaker economic cycle.
- A large pipeline of contracted or under-development hotels provides visibility on future growth.
What would break the thesis
- The decline in revenues in fiscal 2025 suggests demand may be fragile, and a recovery could be slower than expected.
- Risks tied to China, regulation and geopolitical tension could affect the value of the shares regardless of operating performance.
- Leased-and-operated hotels and fixed costs amplify the impact of any drop in RevPAR on profitability.
What to watch
- Trend in hotel openings and closures2026
- RevPAR trend for mature hotels2026
- Revenues from franchised hotels and restaurantsQ1 2027
- Evolution of rules for Chinese companies listed overseasnext 20-F
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 30 Apr 2026; since then the company filed 6-K (25 Aug 2026), 6-K (30 Jun 2026), 6-K (06 May 2026).
The business
The company operates mainly in China, where at the end of 2025 it ran a system of 4,580 hotels with 327,060 rooms in 355 cities 1. Its business model rests mainly on franchising: it collects an initial fee and monthly management fees of 3% to 5% of revenue, while franchisees bear development and operating costs. Total revenues for fiscal 2025 were RMB 1,097.4 million, or US$156.9 million 1. The company also runs a small restaurant network of 191 stores at the end of 2025 1.
Revenue structure shows heavy dependence on franchised hotels, which generated RMB 528.5 million in fiscal 2025, roughly 57.9% of revenues 1. Leased-and-operated hotels, fewer in number, earn revenue from room sales and can be more exposed to fixed costs 1.
Segments
Leased and operated hotels
This segment covered 45 leased-and-operated hotels at the end of 2025 and earns revenue from room sales 1. Its revenues fell in fiscal 2025 and its share of the network is small, but fixed costs make it sensitive to lower RevPAR 1.
Restaurants and other activities
The restaurant business had 191 stores in 2025, generating smaller revenues than hotels; the company intends to grow its franchised restaurant network and reduce its presence in shopping malls and supermarkets 1.
Market context
The company operates in China's hotel market, which the source describes as the largest addressable market, where economy and mid-scale segments are growing; the company could gain share if its franchising advantage holds 1. The source notes that by number of hotels and rooms the company is the fourth largest hotel group in China, according to the China Hotel Association 1.
Demand is supported by consumers' interest in value-for-money options, but industry sensitivity to discretionary spending and a slowdown in China's economy remain material limits 1. Demand in Tier 3 and lower cities is strong, which opens opportunities but also demand risks 1.
Trends
- Network growth in smaller citiestailwind
The company has expanded further into Tier 3 and lower cities, where 69.9% of hotels were located at the end of 2025 1. This strategy could support long-term growth if demand in these cities stays firm.
- Slowdown in the Chinese economyheadwind
Hotel and restaurant industries are very sensitive to discretionary spending, and a slowdown in China's growth could reduce occupancy and rates 1.
- Regulation and geopolitical tensionheadwind
Chinese authorities have increased oversight of companies listing overseas, and tensions between China and the United States could affect access to capital markets and investment 1.
- Digitalization and direct channelsmixed
Direct channels and the membership program now account for a large share of room nights, reducing dependence on online travel agencies and marketing costs 1. The effect depends on how well the company maintains its member base.
Competitive position
The source does not detail specific direct competitors, but it notes that the network competes for suitable sites and qualified franchisee candidates, indicating active local competition 1. The company's position depends on keeping service quality and brand recognition strong against competitive pressure 1.
The company sets room rates based on location and on rates charged by competitors in the same area, so competitive pressure feeds directly into occupancy and RevPAR 1.
- Other Chinese hotel operators
The source refers to competition with other local operators for sites and franchisees, without naming specific companies.
- Economy and mid-scale hotel operators
The company's economy and mid-scale brands face other operators targeting the same price-sensitive guests.
- Fast-food restaurant operators
The company's restaurants compete with fast-food and casual dining chains for mass-market customers in China.
- Online booking platforms
Online travel platforms are an alternative sales channel, and competition with them affects distribution costs.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Current report (foreign issuer)25 Aug 2026
- Current report (foreign issuer)30 Jun 2026
- Current report (foreign issuer)06 May 2026
- Annual report (foreign issuer)30 Apr 2026
- Current report (foreign issuer)23 Dec 2025
- Current report (foreign issuer)01 Oct 2025
- Annual report (foreign issuer)30 Apr 2025
- Current report (foreign issuer)25 Apr 2025
- Current report (foreign issuer)25 Nov 2024
- Current report (foreign issuer)24 Oct 2024
Sources
- [1] Form 20-F, fiscal year ended 2025-12-31 · SEC / GreenTree Hospitality Group Ltd. · 30 Apr 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.