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

SHANGHAI, China, Jan. 11, 2016 (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 fourth quarter ended December 31, 2015.

Hotel Development

Number of hotels in operation Number of rooms in operation
Opened Closed (1) Net added As of Net addedAs of
in Q4 2015 in Q4 2015 in Q4 2015 December 31, 2015 in Q4 2015 December 31, 2015
Leased hotels 4 (7) (3) 616 52 75,436
Manachised and franchised hotels 192 (14) 178 2,147 14,715 203,407
Total 196 (21) 175 2,763 14,767 278,843
(1) Reasons for closures include contract expiration, failure to meet our standards and others.

Number of hotels in pipeline as
of December 31, 2015
Leased hotels21
Manachised and franchised hotels656
Total677

Operating Metrics

For the quarter ended
December 31,September 30,December 31,
2014 2015 2015
Occupancy rate (as a percentage)
Leased hotels 87% 91% 86%
Manachised hotels 86% 89% 84%
Franchised hotels N/A 73% 67%
Blended 87% 89% 84%
Average daily room rate (in RMB)
Leased hotels 190 207 201
Manachised hotels 169 179 167
Franchised hotels N/A 187 172
Blended 176 188 177
RevPAR (in RMB)
Leased hotels 166 188 172
Manachised hotels 145 159 141
Franchised hotels N/A 137 116
Blended 153 167 149

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
December 31, yoy
2014 2015 change
Total 1,612 1,612
Leased hotels 568 568
Manachised and franchised hotels 1,044 1,044
Occupancy rate (as a percentage) 89% 86% -2.6%
Average daily room rate (in RMB) 178 178 0.0%
RevPAR (in RMB) 158 154 -2.9%

Business Update by Segment

Hotel breakdown by segment
Number of hotels in operation
Net added As of
in Q4 2015December 31, 2015
Economy hotels 136 2,453
HanTing Hotel 69 2,003
Leased hotels (6) 495
Manachised hotels 75 1,508
Hi Inn 35 302
Leased hotels (1) 38
Manachised hotels 36 251
Franchised hotels - 13
Elan Hotel 32 148
Manachised hotels 26 128
Franchised hotels 6 20
Midscale and upscale hotels 39 310
JI Hotel 21 186
Leased hotels 4 75
Manachised hotels 17 111
Starway Hotel 17 118
Leased hotels (1) 4
Manachised hotels 14 67
Franchised hotels 4 47
Joya Hotel - 3
Leased hotels - 2
Manachised hotels - 1
Manxin Hotels & Resorts - 2
Leased hotels - 1
Manachised hotels - 1
Mercure Hotel 1 1
Leased hotels 1 1
Total 175 2,763

Same-hotel operational data by segment
Number of hotels in operationSame-hotel RevPAR Same-hotel ADR Same-hotel Occupancy
As ofFor the quarter ended For the quarter ended For the quarter ended
December 31,December 31,yoy December 31,yoy December 31,yoy
2014201520142015change20142015change 2014 2015 change
Economy hotels 1,491 1,491152145 -4.6%169167 -1.2% 90% 87% -3.1%
Leased hotels 510 510156147 -5.3%175173 -0.9% 89% 85% -4.0%
Manachised and franchised hotels 981 981149143 -4.2%166163 -1.5% 90% 87% -2.5%
Midscale and upscale hotels 121 121224241 7.8%270282 4.7% 83% 85% 2.4%
Leased hotels 58 58245276 12.5%291308 5.8% 84% 90% 5.3%
Manachised and franchised hotels 63 63195196 0.4%240245 2.4% 81% 80% -1.6%
Total 1,612 1,612158154 -2.9%178178 0.0% 89% 86% -2.6%

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 Information Ida Yu Sr. Manager of Investor Relations Tel: 86 (21) 6195 9561 Email: ir@huazhu.com http://ir.huazhu.com

Source:China Lodging Group, Limited