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

SHANGHAI, China, Oct. 14, 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 operation in the third quarter ended September 30, 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 Q3 2015 in Q3 2015 in Q3 2015 September 30, 2015 in Q3 2015 September 30, 2015
Leased hotels 5 (2) 3 619 626 75,384
Manachised and franchised hotels 221 (20) 201 1,969 17,106 188,692
Total 226 (22) 204 2,588 17,732 264,076
(1) Reasons for closures include contract expiration, brand consolidation, urban rezoning and others.
Number of hotels in pipeline as
of September 30, 2015
Leased hotels 16
Manachised and franchised hotels 680
Total 696

Operating Metrics

For the quarter ended
September 30, June 30, September 30,
2014 2015 2015
Occupancy rate (as a percentage)
Leased hotels 93% 87% 91%
Manachised hotels 92% 85% 89%
Franchised hotels N/A 74% 73%
Blended 93% 86% 89%
Average daily room rate (in RMB)
Leased hotels 198 201 207
Manachised hotels 180 172 179
Franchised hotels N/A 171 187
Blended 187 181 188
RevPAR (in RMB)
Leased hotels 184 176 188
Manachised hotels 166 146 159
Franchised hotels N/A 126 137
Blended 173 156 167

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, yoy
2014 2015 change
Total 1,493 1,493
Leased hotels 561 561
Manachised and franchised hotels 932 932
Occupancy rate (as a percentage) 95% 91% -3.2%
Average daily room rate (in RMB) 189 190 0.3%
RevPAR (in RMB) 179 173 -3.0%

Business Update by Segment

Hotel breakdown by segment
Number of hotels in operation
Net added As of
in Q3 2015 September 30, 2015
Economy hotels 169 2,317
HanTing Hotel 98 1,934
Leased hotels (1) 501
Manachised hotels 99 1,433
Hi Inn 36 267
Leased hotels -- 39
Manachised hotels 29 215
Franchised hotels 7 13
Elan Hotel 35 116
Manachised hotels 31 102
Franchised hotels 4 14
Midscale and upscale hotels 35 271
JI Hotel 20 165
Leased hotels 6 71
Manachised hotels 14 94
Starway Hotel 15 101
Leased hotels (2) 5
Manachised hotels (5) 53
Franchised hotels 22 43
Joya Hotel -- 3
Leased hotels -- 2
Manachised hotels -- 1
Manxin Hotels & Resorts -- 2
Leased hotels -- 1
Manachised hotels -- 1
Total 204 2,588

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
2014 2015 2014 2015 change 2014 2015 change 2014 2015 change
Economy hotels 1,391 1,391 173 165 -4.4% 181 180 -0.7% 95% 92% -3.5%
Leased hotels 509 509 174 167 -4.2% 185 184 -0.4% 94% 91% -3.6%
Manachised and franchised hotels 882 882 171 164 -4.5% 179 177 -0.8% 96% 92% -3.5%
Midscale and upscale hotels 102 102 247 263 6.4% 283 298 5.2% 87% 88% 1.0%
Leased hotels 52 52 272 296 9.1% 304 324 6.5% 90% 92% 2.1%
Manachised and franchised hotels 50 50 214 215 0.2% 252 258 2.3% 85% 83% -1.7%
Total 1,493 1,493 179 173 -3.0% 189 190 0.3% 95% 91% -3.2%

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