GreenTree Hospitality Group Ltd. Reports Third Quarter 2018 Financial Results

As of September 30, 2017

As of September 30,2 018

Total hotels in operation:

2,119

2,558

  Leased and owned hotels

27

30

  Franchised hotels

2,092

2,528

Total hotel rooms in operation

178,535

209,463

  Leased and owned hotels

3,396

3,857

  Franchised hotels

175,139

205,606

Number of cities

244

278

Quarter Ended

September 30, 2017

September 30, 2018

Occupancy rate (as a percentage)

  Leased and owned hotels

76.9%

72.6%

  Franchised hotels

87.7%

87.5%

  Blended

87.4%

87.2%

Average daily room rate  (in RMB)

  Leased and owned hotels

189

210

  Franchised hotels

159

166

  Blended

160

167

RevPAR  (in RMB)

  Leased and owned hotels

145

152

  Franchised hotels

139

145

  Blended

140

146

Number of Hotels in Operation

Number of Hotel Rooms in Operation

As of September 30, 2017

As of September 30, 2018

As of September 30, 2017

As of September 30, 2018

Economy hotels

201

358

11,307

19,160

Vatica 

92

117

6,822

8,698

Shell

109

241

4,485

10,462

Mid-scale

1,878

2,119

162,490

181,434

GreenTree Inn

1,655

1,824

144,639

158,174

GT Alliance

223

294

17,851

23,199

Wumian Hotel[4]

-

1

-

61

Business to Mid-to-up-scale

40

81

4,738

8,869

GreenTree Eastern

40

74

4,738

8,270

Gme

-

2

-

170

Gya

-

1

-

70

VX

-

4

-

359

Total

2,119

2,558

178,535

209,463

[4]. Wumian Hotel's English trademark is currently being registered.