SHANGHAI, China, July 15, 2013 (GLOBE NEWSWIRE) -- Shanghai, China, July 15, 2013 – 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 preliminary hotel operating results for the second quarter ended June 30, 2013.
|Number of hotels in operation||Number of rooms in operation|
|Net added in Q2 2013||As of June 30, 2013||Net added in Q2 2013||As of June 30, 2013|
|* refers to franchised Starway hotels|
| Number of hotels in pipeline |
as of June 30, 2013
|For the quarter ended|
|June 30,||March 31,||June 30,|
|Occupancy rate (as a percentage)|
|Average daily room rate (in RMB)|
|RevPAR (in RMB)|
|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|
|Occupancy rate (as a percentage)||100%||97%|
|Average daily room rate (in RMB)||184||190|
|RevPAR (in RMB)||185||185|
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 five brands, namely, Joya Hotel, JI Hotel, Starway Hotel, HanTing 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.