GreenTree(GHG) - 2019 Q2 - Earnings Call Presentation

Financial Performance - GreenTree Hospitality Group's Net Income per ADS (Basic and Diluted) grew by 35.5% year-over-year to RMB 1.26 (US$0.18)[11] - As of June 30, 2019, the company's total cash and cash equivalents, restricted cash, short-term investments, investments in equity securities, and time deposits amounted to RMB 2,053.7 million[55] - The company expects total revenue for the full year 2019 to grow by 23%-28% from 2018[58] Hotel Network Expansion - The number of hotels increased from 2,434 in 2018Q2 to 2,955 in 2019Q2, operating in 300 cities[9] - Mid-scale hotels accounted for 75.5% of the total hotel segment in 2019Q2[12] - Economy hotels accounted for 18.8% of the total hotel segment in 2019Q2[12] - In 19Q2, new openings of mid-scale hotels accounted for 45%, while economy hotels accounted for 38%[14] Operating Metrics - The company achieved a consolidated RevPAR YoY growth of 2.9%[23] - Occupancy rate decreased from 82.6% in 2018Q2 to 81.1% in 2019Q2[9] - Average Daily Rate (ADR) increased from RMB 164 in 2018Q2 to RMB 172 in 2019Q2[9] Strategic Development - The company is exploring business opportunities in mid-to-upscale and luxury brands, including GreenTree Eastern, Deep Sleep Hotel, Argyle Hotel, GMe Hotel, GYa Hotel and VX Hotel[31, 32, 33, 34, 35, 36]