GreenTree Hospitality Group Ltd. (GHG) Q3 2024 Earnings Call Transcript Summary
GreenTree Hospitality Group Ltd. (GHG) Q3 2024 Earnings Call Transcript Summary
Net income decreased by 44.4% to RMB 65.2 million.The following is a summary of the GreenTree Hospitality Group Ltd. (GHG) Q3 2024 Earnings Call Transcript:
以下是格林酒店集團有限公司（GHG）2024年第三季度業績會議電話交流摘要：
Financial Performance:
財務表現：
Total revenues for Q3 2024 were RMB 357 million, marking a 22.5% decline.
Hotel revenues dropped by 15.4% to RMB 286.9 million primarily due to a decrease in RevPAR of 13.6%.
Net income decreased by 44.4% to RMB 65.2 million.
The total operating costs and expenses for the hotel business decreased by 4.9% to RMB 201.9 million.
2024年第三季度的總營業收入爲35700萬馬幣，下降了22.5%。
酒店營業收入下降了15.4%，降至28690萬馬幣，主要是由於每個可用房間收入（RevPAR）下降了13.6%。
淨利潤下降了44.4%，降至6520萬馬幣。
酒店業務的總運營成本和費用下降了4.9%，降至20190萬馬幣。
Business Progress:
業務進展：
Hotel business saw a strategic adjustment with new openings and a focus on growing pipeline especially in mid to upscale segments primarily in Tier 3 cities and some expansion into Tier 2 cities.
Transformation strategy in the restaurant business is largely complete, with an emphasis on more favorable locations such as street stores and franchise models.
酒店業務進行了戰略調整，新開業的酒店專注於在三線城市及部分向二線城市擴展的中高檔市場上增長。
餐飲行業的轉型策略基本完成，重點是更有利的位置，例如街邊店和特許經營模式。
Opportunities:
機會：
Growth in membership programs reflects strong direct sales potential, with individual memberships increasing to 100 million from 88 million.
Anticipated stronger performance in FY 2025 with many new hotels in the pipeline and improved RevPAR especially in lower-tier cities.
會員數增長反映出強勁的直銷潛力，個人會員數從8800萬增加到10000萬。
預計2025財年表現更強勁，許多新酒店在建，特別是在低等級城市改善了每間可用房收入。
Risks:
風險：
Decrease in historical RevPAR figures due to higher proportion of legacy hotels negatively affecting performance compared to peers with newer hotel portfolios.
Strategic review and operational adjustments lead to the closure of 9 hotels which also contributed to the revenue decline.
由於傳統酒店比例較高，歷史每間可用房收入數據下降，導致表現不及擁有新酒店組合的同行。
戰略審查和運營調整導致關閉了9家酒店，這也導致了營業收入的下降。
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提示：本文由人工智能生成。內容的準確性無法得到完全保證。有關更全面的細節，請參考投資者關係網站。本文僅供投資者參考，不構成任何指導或建議。
