China Lodging Group, Limited Announces Preliminary Hotel Operating Results for Third Quarter of 2013

SHANGHAI, China, Oct. 14, 2013 (GLOBE NEWSWIRE) -- China Lodging Group, Limited (Nasdaq:HTHT) ("China Lodging Group" or the "Company"), a leading and fast-growing multi-brand hotel group in China, today announced its preliminary hotel operating results for the third quarter ended September 30, 2013.

Hotel Development

Number of hotels in operation Number of rooms in operation
Net added in
Q3 2013
As of September 30,
2013
Net added in
Q3 2013
As of September 30,
2013
Leased hotels 24 538 2,235 62,964
Manachised hotels 98 777 9,320 78,866
Franchised hotels* 3 26 382 2,664
Total 125 1,341 11,937 144,494
* refers to franchised Starway hotels
Number of hotels in pipeline as
of September 30, 2013
Leased hotels 76
Manachised hotels 379
Total 455

Operating metrics

For the quarter ended
September 30, June 30, September 30,
2012 2013 2013
Occupancy rate (as a percentage)
Leased hotels 97% 90% 93%
Manachised hotels 98% 92% 95%
Blended 97% 91% 94%
Average daily room rate (in RMB)
Leased hotels 188 190 193
Manachised hotels 177 176 180
Blended 183 182 186
RevPAR (in RMB)
Leased hotels 183 172 179
Manachised hotels 173 162 171
Blended 178 167 175
Like-for-like performance for leased and manachised hotels opened for at least 18 months during the current quarter
As of and for the quarter ended
September 30,
2012 2013
Total 674 674
Leased hotels 354 354
Manachised hotels 320 320
Total 76,379 76,379
Leased hotels 42,329 42,329
Manachised hotels 34,050 34,050
Occupancy rate (as a percentage) 101% 99%
Average daily room rate (in RMB) 186 192
RevPAR (in RMB) 188 190

About China Lodging Group, Limited

China Lodging Group, Limited is a leading and fast-growing multi-brand hotel group in China. The Company provides business and leisure travelers with high-quality, and conveniently-located hotel products under six brands, namely, Joya Hotel, Man Xin Hotel, JI Hotel, Starway Hotel, HanTing Hotel, and Hi Inn. For more information, please visit the Company's website: http://ir.huazhu.com .

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: The information in this release contains forward-looking statements which involve risks and uncertainties.Such factors and risks include our anticipated growth strategies; our future results of operations and financial condition; the economic conditions of China; the regulatory environment in China; our ability to attract customers and leverage our brand; trends and competition in the lodging industry; the expected growth of the lodging market in China; and other factors and risks detailed in our filings with the Securities and Exchange Commission. Any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements, which may be identified by terminology such as "may," "should," "will," "expect," "plan," "intend," "anticipate," "believe," "estimate," "predict," "potential," "forecast," "project," or "continue," the negative of such terms or other comparable terminology. Readers should not rely on forward-looking statements as predictions of future events or results. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law.

CONTACT: Ida Yu Investor Relations Manager Tel: 86 (21) 6195 9561 Email: ir@huazhu.com http://ir.huazhu.comSource:China Lodging Group, Limited