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Green hotel revenue increased 22% in the third quarter the national 146 new stores

Date: 2018-11-25

Nyse listed company green hotel group (GHG) released on November 19, as of September 30, 2018 in the third quarter unaudited earnings.During the reporting period, the company's business income is 257 million yuan ($37.4 million), up 21.6% from a year earlier.Net profit of 152 million yuan ($22.2 million), up 36% from a year earlier.In accordance with the general accounting rules, adjusted EBITDA (interest tax, depreciation and amortisation) rose 24.2%, to 156 million yuan ($22.78 million).Diluted earnings per share were 1.50 yuan, or about {文章内容}.22.

In the third quarter of 2018, the nine big brand hotel green (green, mei, east of Philippines, lattice, green tree, tree, shell), au, sleepless, green husk's RevPAR (every available to rent rooms revenue) rose 4.3% year-on-year, thanks to the stability of the OCC (average occupancy rate) and the steady growth of ADR (average house prices have rent rooms).Data show that OCC was 87.2%, the basic flat with the same period of last year, the ADR year-on-year growth of 4.4%.

Green hotel's chief executive, Mr. Xu said, the company always adhere to seek improvement in stability, continue to focus on second - and third-tier cities increasing consumer demand, we will continue to improve the layout of the national market, new hotel has opened in the third quarter of 2018 by 146.

As of September 30, 2018, the green hotel has opened 2558 hotels in the country's 278 cities, a total of 209463 rooms.There are 504 hotels are under construction.Notable is, the company put up the shutters speed stable low closing rate level in the industry, in the third quarter closing 22.In the current 2558 hotels, about 80% focused on the end of business services;Accelerate the development of high-end brand, at the same time, including the east green, four large and medium-sized high-end brand set up shop close to 25%.

Green hotel group chief operating officer yi-ping Yang is introduced, the company will focus on advantages, focus on serving the public and the business market.At the same time, relying on strong management foundation, auxiliary economy hotel's profitability continued ascent.In the third quarter, its green economy brand tree (including green husk and shell hotel) the average occupancy rate, average home prices have rent rooms, each available to rent rooms revenue to maintain positive growth., on the other hand, in order to meet the different needs of different market segments guests, at the end of 2017, three large and medium-sized high-end brand new, beautiful, elegant, Philippines, new opening six in the third quarter, the company is expected in the fourth quarter and the beginning of 2019, in the more high-end hotel will speed up for the opening.It is understood that in addition to the above brand, brand is developing green's apartment.

As of September 30, 2018, members of the green hotel program has attracted about 26 million individual members, corporate members of more than 1.02 million.Yi-ping Yang is introduced, the company will continue to explore in the membership system and model innovation innovation, including through increased interaction with members of technology innovation, through green APP mobile Internet technology to optimize the online experience.Benefit from a loyal member of the group, the third quarter of 2018, about 95% of the green hotel room night volume from the company's marketing channels, including personal and corporate members.Wide members of the group and direct marketing channels to effectively reduce the marketing spending, improve the profitability of the hotel, directly for franchisees bring higher yields, faster returns.Securities times reporter understands, to green hotel group, from 2017 in 2018, the company annual income rose by 20-25%, maintain revenue growth to guide the same.