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SHANGHAI, July 28, 2021 /PRNewswire/ GreenTree Hospitality Group Ltd. (NYSE: GHG) ( GreenTree , the Company , we , us and our ), a leading hospitality management group in China, today announced its unaudited financial results for the first quarter and fiscal year of 2021.
First Quarter of 2021 Operational Highlights
A total of 4,464 hotels with 323,648 hotel rooms were in operation as of March 31, 2021, compared to 4,340 hotels and 315,335 hotel rooms as of December 31, 2020.
As of March 31, 2021, the Company had 43 leased-and-operated ( L&O ) hotels and 4,421 franchised-and-managed ( F&M ) hotels in operation in 353 cities across China, compared to 35 L&O hotels and 3,963 F&M hotels in operation in 342 cities as of March 31, 2020. The geographic coverage increased by 3.2% year over year.
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