China Lodging Group, Limited (HTHT) Announces Its Preliminary Results for Hotel Operations in the First Quarter of 2014

SHANGHAI, China, April 14, 2014 (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 results for the hotel operations in the first quarter ended March 31, 2014.

Hotel Development

Number of hotels Number of hotels in operation Number of rooms in operation
Opened Closed Net added As of Net added As of
in Q1 2014 in Q1 2014 in Q1 2014 March 31, 2014 in Q1 2014 March 31, 2014
Leased hotels 11 1 10 575 1,596 67,432
Manachised hotels 116 7 109 944 11,028 95,465
Franchised hotels* -- 14 (14) 11 (1,311) 1,295
Total 127 22 105 1,530 11,313 164,192
* refers to franchised Starway hotels
Number of hotels in pipeline
as of March 31, 2014
Leased hotels 55
Manachised hotels 357
Total 412

Operating Metrics

For the quarter ended
March 31, December 31, March 31,
2013 2013 2014
Occupancy rate (as a percentage)
Leased hotels 85% 89% 84%
Manachised hotels 88% 91% 86%
Blended 87% 90% 86%
Average daily room rate (in RMB)
Leased hotels 178 187 179
Manachised hotels 167 171 165
Blended 172 178 171
RevPAR (in RMB)
Leased hotels 152 166 151
Manachised hotels 146 155 143
Blended 149 160 146
Like-for-like performance for leased and manachised hotels opened for at least 18 months during the current quarter
As of
March 31, 2013 March 31, 2014
Total number of hotels 841 841
Leased hotels 409 409
Manachised hotels 432 432
For the quarter of yoy
Q1 2013 Q1 2014 change
Occupancy rate (as a percentage) 91% 90% -1%
Average daily room rate (in RMB) 174 175 0%
RevPAR (in RMB) 159 157 -1%

Business Update by segment

Hotel breakdown by brand
Number of hotels in operation
Net added As of
in Q1 2014 March 31, 2014
Economy hotels 103 1,412
Hanting Hotel 93 1,319
Leased hotels 8 481
Manachised hotels 85 838
Hi Inn 10 93
Leased hotels (1) 40
Manachised hotels 11 53
Midscale hotels and upscale hotels 2 118
JI Hotel 12 80
Leased hotels 3 51
Manachised hotels 9 29
Starway Hotel (10) 36
Leased hotels -- 1
Manachised hotels 4 24
Franchised hotels (14) 11
Joya Hotel -- 1
Leased hotels -- 1
Manxin Hotels & Resorts -- 1
Leased hotels -- 1
Total 105 1,530
Same-hotel operational data by segment
Number of hotels in operation Same-hotel RevPAR Same-hotel ADR Same-hotel Occupancy
As of For the quarter ended For the quarter ended For the quarter ended
March 31, March 31, yoy March 31, yoy March 31, yoy
2013 2014 2013 2014 change 2013 2014 change 2013 2014 change
Economy hotels 814 814 155 153 -2% 171 171 0% 91% 90% -2%
Leased hotels 389 389 155 152 -2% 173 172 -1% 90% 88% -1%
Manachised hotels 425 425 156 154 -1% 168 170 1% 93% 91% -2%
Midscale hotels 27 27 239 271 14% 275 291 6% 87% 93% 7%
Leased hotels 20 20 245 284 16% 281 303 8% 87% 94% 8%
Manachised hotels 7 7 211 216 2% 248 242 -2% 85% 89% 5%
Total 841 841 159 157 -1% 174 175 0% 91% 90% -1%

Upcoming Investor Relations Activities

China Lodging Group will participate in the following conferences in the second quarter of 2014.
May 7, 2014 Macquarie Greater China Conference, Hong Kong
May 15-16, 2014 Morgan Stanley Hong Kong Summit, Hong Kong
May 19-20, 2014 Deutsche Bank dbAccess Asia Conference, Singapore
June 2, 2014 Global Lodging, Gaming, Restaurant and Leisure Conference, New York
June 5, 2014 Bank of America Merrill Lynch CalGEMs Conference, California
June 10-11, 2014 JP Morgan China Conference, Beijing

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, Manxin Hotels & Resorts, 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 Sr. Manager of Investor Relations Tel: 86 (21) 6195 9561 Email: ir@huazhu.com http://ir.huazhu.comSource:China Lodging Group, Limited