×

China Lodging Group, Limited Announces Preliminary Hotel Operating Results for Third Quarter of 2012

SHANGHAI, China, Oct. 11, 2012 (GLOBE NEWSWIRE) -- China Lodging Group, Limited (Nasdaq:HTHT) ("China Lodging Group" or the "Company"), a leading and fast-growing limited service hotel chain operator in China, today announced preliminary hotel operating results for the third quarter of 2012.

In the third quarter of 2012, the Company added 27 leased ("leased-and-operated") hotels and 81 manachised ("franchised-and-managed") hotels. As of September 30, 2012, the Company had 415 leased hotels, 446 manachised hotels, and 77 franchised Starway hotels in operation. In the third quarter of 2012, excluding franchised Starway hotels, the blended RevPAR came in at RMB178, representing a year-over-year increase of 1%. For the hotels in operation for at least 18 months, excluding franchised Starway hotels, the RevPAR was RMB195, representing a 5% same-hotel RevPAR increase year-over-year, with a 3% increase in ADR and a 2% increase in occupancy.

Mr Qi Ji, founder, executive Chairman and Chief Executive Officer of the Company, commented, "We are glad to have delivered another solid quarter, with strong same-hotel RevPAR increase and hotel network expansion well on track. We will continue to expand our network and brand portfolio to meet the fast-growing and diversified travel demand in China."

About China Lodging Group, Limited

China Lodging Group, Limited is a leading and fast-growing limited service hotel chain operator in China. The Company provides business and leisure travelers with high-quality, and conveniently-located hotel products under four brands, namely, Seasons Hotel, Starway Hotel, HanTing Express Hotel, and Hi Inn. For more information, please visit the Company's website: http://ir.htinns.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.

China Lodging Group, Limited
Operating Data
As of
September 30,
2011
June 30,
2012
September 30,
2012
Total hotels in operation: 580 863 938
Leased hotels 314 388 415
Manachised hotels 266 365 446
Franchised hotels* -- 110 77
Total hotel rooms in operation 65,524 95,573 103,322
Leased hotels 37,229 46,083 48,857
Manachised hotels 28,295 38,045 46,296
Franchised hotels* -- 11,445 8,169
Number of cities 92 131 149
* refers to franchised Starway hotels
For the quarter ended
September 30,
2011
June 30,
2012
September 30,
2012
Occupancy rate (as a percentage)
Leased hotels 95% 97% 97%
Manachised hotels 99% 98% 98%
Blended 97% 97% 97%
Average daily room rate (in RMB)
Leased hotels 187 187 188
Manachised hotels 178 175 177
Blended 183 181 183
RevPAR (in RMB)
Leased hotels 178 181 183
Manachised hotels 175 171 173
Blended 177 176 178
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,
2011 2012
Total 464 464
Leased hotels 257 257
Manachised hotels 207 207
Total 54,175 54,175
Leased hotels 32,056 32,056
Manachised hotels 22,119 22,119
Occupancy rate (as a percentage) 100% 102%
Average daily rate (in RMB) 186 192
RevPAR (in RMB) 186 195
CONTACT: Ida Yu Investor Relations Manager Tel: 86 (21) 6195 9561 Email: ir@htinns.com http://ir.htinns.comSource:China Lodging Group, Limited