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China Lodging Group, Limited (HTHT) Announces Its Preliminary Results for Hotel Operations in the First Quarter of 2015

SHANGHAI, China, April 15, 2015 (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, 2015.

Hotel Development

Number of hotels in operation Number of rooms in operation
Opened Closed (1) Net added As of Net added As of
in Q1 2015 in Q1 2015 in Q1 2015 March 31, 2015 in Q1 2015 March 31, 2015
Leased hotels 8 (2) 6 617 1,845 74,180
Manachised hotels 177 (20) 157 1,533 14,093 150,782
Franchised hotels 19 -- 19 27 1,649 2,580
Total 204 (22) 182 2,177 17,587 227,542
(1) In the first quarter, two leased hotels were closed due to lease expiration. 20 manachised hotels were closed, among which, 12 were transformed to franchised model and eight contracts expired.
  Number of hotels in pipeline as
of March 31, 2015
Leased hotels 22
Manachised and franchised hotels 664
Total 686

Operating Metrics

  For the quarter ended
  March 31, December 31, March 31,
  2014 2014 2015
Occupancy rate (as a percentage)    
Leased hotels 84% 87% 83%
Manachised hotels 86% 86% 81%
Franchised hotels N/A N/A 66%
Blended 86% 87% 82%
Average daily room rate (in RMB)    
Leased hotels 179 190 182
Manachised hotels 165 169 161
Franchised hotels N/A N/A 174
Blended 171 176 168
RevPAR (in RMB)      
Leased hotels 151 166 150
Manachised hotels 143 145 131
Franchised hotels N/A N/A 115
Blended 146 153 137

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  
  March 31, yoy
  2014 2015 change
Total 1,280 1,280  
Leased hotels 527 527  
Manachised and franchised hotels 753 753  
Occupancy rate (as a percentage) 88% 85% -3%
Average daily room rate (in RMB) 172 171 -1%
RevPAR (in RMB) 152 145 -5%

Business Update by Segment

Hotel breakdown by segment
   
  Number of hotels in operation
  Net added As of
  in Q1 2015 March 31, 2015
Economy hotels 154 1,973
HanTing Hotel 90 1,738
Leased hotels 1 503
Manachised hotels 89 1,235
Hi Inn 31 189
Leased hotels -- 41
Manachised hotels 25 142
Franchised hotels 6 6
Elan Hotel 33 46
Manachised hotels 29 42
Franchised hotels 4 4
Midscale and upscale hotels 28 204
JI Hotel 13 130
Leased hotels 4 66
Manachised hotels 9 64
Starway Hotel 14 69
Leased hotels 1 4
Manachised hotels 4 48
Franchised hotels 9 17
Joya Hotel -- 3
Leased hotels -- 2
Manachised hotels -- 1
Manxin Hotels & Resorts 1 2
Leased hotels -- 1
Manachised hotels 1 1
Total 182 2,177
                       
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
  2014 2015 2014 2015 change 2014 2015 change 2014 2015 change
Economy hotels 1,207 1,207 148 139 -6% 167 164 -2% 89% 85% -4%
Leased hotels 488 488 149 141 -5% 170 167 -2% 87% 84% -3%
Manachised and franchised hotels 719 719 147 137 -6% 164 161 -2% 89% 85% -4%
Midscale hotels 73 73 214 225 5% 267 277 4% 80% 81% 1%
Leased hotels 39 39 233 245 5% 282 295 5% 83% 83% 0%
Manachised hotels 34 34 187 194 4% 243 249 2% 77% 78% 1%
Total 1,280 1,280 152 145 -5% 172 171 -1% 88% 85% -3%

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