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GreenTree Hospitality Group (GHG) Revenue & Revenue Breakdown

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GreenTree Hospitality Group Revenue Highlights

Latest Revenue (Y)

$1.63B

Latest Revenue (Q)

$372.16M

Main Segment (Y)

Initial Franchise Fee

GreenTree Hospitality Group Revenue by Period

GreenTree Hospitality Group Revenue by Year

DateRevenueChange
2023-12-31$1.63B72.17%
2022-12-31$945.14M-21.64%
2021-12-31$1.21B29.69%
2020-12-31$930.01M-14.82%
2019-12-31$1.09B15.53%
2018-12-31$945.01M21.45%
2017-12-31$778.13M20.12%
2016-12-31$647.79M2.06%
2015-12-31$634.72M-

GreenTree Hospitality Group generated $1.63B in revenue during NA 2023, up 72.17% compared to the previous quarter, and up 172.20% compared to the same period a year ago.

GreenTree Hospitality Group Revenue by Quarter

DateRevenueChange
2023-12-31$372.16M-6.90%
2023-09-30$399.74M-3.67%
2023-06-30$414.99M4.50%
2023-03-31$397.10M-224.76%
2022-12-31$-318.29M-169.06%
2022-09-30$460.88M101.53%
2022-06-30$228.69M-25.61%
2021-12-31$307.43M-0.97%
2021-09-30$310.44M-10.55%
2021-06-30$347.06M43.88%
2021-03-31$241.21M-16.75%
2020-12-31$289.76M8.58%
2020-09-30$266.87M23.56%
2020-06-30$215.99M37.23%
2020-03-31$157.40M-45.62%
2019-12-31$289.43M-0.93%
2019-09-30$292.14M6.26%
2019-06-30$274.93M16.85%
2019-03-31$235.29M-5.84%
2018-12-31$249.88M-2.70%
2018-09-30$256.83M10.06%
2018-06-30$233.35M13.86%
2018-03-31$204.94M-0.90%
2017-12-31$206.80M-2.05%
2017-09-30$211.12M8.86%
2017-06-30$193.95M16.65%
2017-03-31$166.27M-

GreenTree Hospitality Group generated $372.16M in revenue during Q4 2023, up -6.90% compared to the previous quarter, and up 80.75% compared to the same period a year ago.

GreenTree Hospitality Group Revenue Breakdown

GreenTree Hospitality Group Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21Dec 20Dec 19
Initial Franchise Fee$169.24M$42.42M$76.26M$61.05M$54.93M
Greentree Reward Membership Program$57.25M$31.86M---
Cash Received for Prepaid Card and Sublease$40.83M----
Membership Fees$126.86M$257.35M---
Franchised And Managed Hotels-$582.44M$774.36M$677.48M$838.37M
Leased And Operated Hotels-$338.51M$391.96M$227.07M$253.42M
Continuing Franchise Fees-$540.02M$698.10M$616.43M$783.44M
Others-$15.85M$39.83M$25.46M-
Cash Received For Prepaid Card And Sublease----$58.08M

GreenTree Hospitality Group's latest annual revenue breakdown by segment (product or service), as of Dec 23: Initial Franchise Fee (42.93%), Membership Fees (32.18%), Greentree Reward Membership Program (14.52%), and Cash Received for Prepaid Card and Sublease (10.36%).

Quarterly Revenue by Product

Product/ServiceDec 19Dec 18
Leased And Operated Hotels$40.25M$213.17M

GreenTree Hospitality Group's latest quarterly revenue breakdown by segment (product or service), as of Dec 19: Leased And Operated Hotels (100.00%).

GreenTree Hospitality Group Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
HTHTH World Group$21.88B$5.28B
HLTHilton Worldwide$10.23B$2.87B
IHGInterContinental Hotels Group$4.62B$2.38B
GHGGreenTree Hospitality Group$1.63B$372.16M
CHHChoice Hotels$1.54B$427.96M
WHWyndham Hotels & Resorts$1.40B$396.00M
SHCOSoho House$1.14B$305.15M
LUXHLuxUrban Hotels$114.00M$18.19M
INTGInterGroup$57.61M$16.91M
HHyatt Hotels-$1.63B

GHG Revenue FAQ

What is GreenTree Hospitality Group’s yearly revenue?

GreenTree Hospitality Group's yearly revenue for 2023 was $1.63B, representing an increase of 72.17% compared to 2022. The company's yearly revenue for 2022 was $945.14M, representing a decrease of -21.64% compared to 2021. GHG's yearly revenue for 2021 was $1.21B, representing an increase of 29.69% compared to 2020.

What is GreenTree Hospitality Group’s quarterly revenue?

GreenTree Hospitality Group's quarterly revenue for Q4 2023 was $372.16M, a -6.90% decrease from the previous quarter (Q3 2023), and a 0% increase year-over-year (Q4 2022). The company's quarterly revenue for Q3 2023 was $399.74M, a -3.67% decrease from the previous quarter (Q2 2023), and a -13.27% decrease year-over-year (Q3 2022). GHG's quarterly revenue for Q2 2023 was $414.99M, a 4.50% increase from the previous quarter (Q1 2023), and a 81.47% increase year-over-year (Q2 2022).

What is GreenTree Hospitality Group’s revenue growth rate?

GreenTree Hospitality Group's revenue growth rate for the last 3 years (2021-2023) was 34.91%, and for the last 5 years (2019-2023) was 49.04%.

What are GreenTree Hospitality Group’s revenue streams?

GreenTree Hospitality Group's revenue streams in c 23 are Initial Franchise Fee, Greentree Reward Membership Program, Cash Received for Prepaid Card and Sublease, and Membership Fees. Initial Franchise Fee generated $169.24M in revenue, accounting 42.93% of the company's total revenue, up 298.93% year-over-year. Greentree Reward Membership Program generated $57.25M in revenue, accounting 14.52% of the company's total revenue, up 79.69% year-over-year. Cash Received for Prepaid Card and Sublease generated $40.83M in revenue, accounting 10.36% of the company's total revenue Membership Fees generated $126.86M in revenue, accounting 32.18% of the company's total revenue, down -50.70% year-over-year.

What is GreenTree Hospitality Group’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of GreenTree Hospitality Group was Initial Franchise Fee. This segment made a revenue of $169.24M, representing 42.93% of the company's total revenue.