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

SHANGHAI, China, Oct. 15, 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 third quarter ended September 30, 2014.

Hotel Development

Number of hotels in operation Number of rooms in operation
Opened Closed Net added As of Net added As of
in Q3 2014 in Q3 2014 in Q3 2014 September 30, 2014 in Q3 2014 September 30, 2014
Leased hotels (1) 18 (4) 14 604 2,099 71,999
Manachised hotels 168 -- 168 1,237 16,627 124,744
Franchised hotels (2) 1 (3) (2) 8 (238) 931
Total 187 (7) 180 1,849 18,488 197,674
(1) Four leased hotels were closed during the third quarter. Among those, two leased hotels were transformed to manachised hotels and the other two were closed due to city rezoning.
(2) refers to franchised Starway hotels
Number of hotels in pipeline
as of September 30, 2014
Leased hotels 32
Manachised hotels 485
Total 517

Operating Metrics

For the quarter ended
September 30, June 30, September 30,
2013 2014 2014
Occupancy rate (as a percentage)
Leased hotels 93% 91% 93%
Manachised hotels 95% 91% 92%
Blended 94% 91% 93%
Average daily room rate (in RMB)
Leased hotels 193 191 198
Manachised hotels 180 173 180
Blended 186 180 187
RevPAR (in RMB)
Leased hotels 179 174 184
Manachised hotels 171 158 166
Blended 175 164 173
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,
2013 2014
Total 1,049 1,049
Leased hotels 476 476
Manachised hotels 573 573
Occupancy rate (as a percentage) 98% 96%
Average daily room rate (in RMB) 188 191
RevPAR (in RMB) 183 183

Business Update by Segment

Hotel breakdown by brand
Number of hotels in operation
Net added As of
in Q3 2014 September 30, 2014
Economy hotels 157 1,687
HanTing Hotel 132 1,547
Leased hotels 7 496
Manachised hotels 125 1,051
Hi Inn 23 138
Leased hotels -- 41
Manachised hotels 23 97
Elan 2 2
Leased hotels -- --
Manachised hotels 2 2
Midscale and upscale hotels 23 162
JI Hotel 15 111
Leased hotels 5 61
Manachised hotels 10 50
Starway Hotel 6 47
Leased hotels 1 3
Manachised hotels 7 36
Franchised hotels (2) 8
Joya Hotel 2 3
Leased hotels 1 2
Manachised hotels 1 1
Manxin Hotels & Resorts -- 1
Leased hotels -- 1
Total 180 1,849
Operational metrics for hotels in operation by brand
Q3 2014
Number of hotels
in operation
RevPAR ADR Occupancy
Economy hotels 1,687 167 179 93%
Leased hotels 537 172 184 94%
Manachised hotels 1,150 164 176 93%
Midscale and upscale hotels 154 227 269 84%
Leased hotels 67 257 297 86%
Manachised hotels 87 196 238 82%
Total 1,841 173 187 93%
Q3 2013
Number of hotels
in operation
RevPAR ADR Occupancy
Economy hotels 1,237 172 180 95%
Leased hotels 497 173 185 94%
Manachised hotels 740 170 177 96%
Midscale and upscale hotels 78 217 275 79%
Leased hotels 41 238 297 80%
Manachised hotels 37 186 242 77%
Total 1,315 175 186 94%
* Excluding franchised Starway hotels
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
September 30, September 30, yoy September 30, yoy September 30, yoy
2013 2014 2013 2014 change 2013 2014 change 2013 2014 change
Economy hotels 1,001 1,001 179 178 -1% 183 185 1% 98% 96% -2%
Leased hotels 450 450 178 177 -1% 185 186 0% 96% 95% -1%
Manachised hotels 551 551 180 178 -1% 180 184 2% 100% 97% -3%
Midscale hotels 48 48 258 282 9% 281 300 7% 92% 94% 2%
Leased hotels 26 26 279 310 11% 294 321 9% 95% 97% 2%
Manachised hotels 22 22 217 228 5% 252 256 1% 86% 89% 3%
Total 1,049 1,049 183 183 0% 188 191 2% 98% 96% -2%

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 seven brands, namely, Joya Hotel, Manxin Hotels & Resorts, JI Hotel, Starway Hotel, HanTing Hotel, Elan 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