China Lodging Group, Limited Announces Preliminary Hotel Operating Results for First Quarter of 2012
In the first quarter of 2012, the Company opened 36 net new hotels, including 9 net leased-and-operated hotels and 27 net franchised-and-managed hotels. As of
In the first quarter of 2012, the RevPAR (revenue per available room) came in at
Mr
About
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
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
Investor Relations Manager
Tel: 86 (21) 6195 9561
Email: ir@htinns.com
http://ir.htinns.com
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Operational Data |
|||
As of | |||
|
|
March 31, | |
2011 |
2011 |
2012 | |
Total hotels in operation: |
473 |
639 |
675 |
Leased-and-operated hotels |
259 |
344 |
353 |
Franchised-and-managed hotels |
214 |
295 |
322 |
Total hotel rooms in operation |
54,160 |
71,621 |
75,622 |
Leased-and-operated hotels |
31,540 |
40,514 |
42,057 |
Franchised-and-managed hotels |
22,620 |
31,107 |
33,565 |
Number of cities |
71 |
100 |
111 |
For the quarter ended | |||
|
|
March 31, | |
2011 |
2011 |
2012 | |
Occupancy rate (as a percentage) |
|||
Leased-and-operated hotels |
80% |
92% |
90% |
Franchised-and-managed hotels |
84% |
95% |
92% |
Total hotels in operation |
82% |
93% |
91% |
Average daily room rate (in RMB) |
|||
Leased-and-operated hotels |
179 |
184 |
176 |
Franchised-and-managed hotels |
170 |
173 |
166 |
Total hotels in operation |
175 |
179 |
172 |
RevPAR (in RMB) |
|||
Leased-and-operated hotels |
144 |
170 |
158 |
Franchised-and-managed hotels |
142 |
164 |
153 |
Total hotels in operation |
143 |
167 |
156 |
Like-for-like performance for hotels opened for at least 18 months during the current quarter | |||
As of and for the quarter ended |
|||
March 31, |
|||
2011 |
2012 |
||
Total hotels in operation: |
362 |
362 |
|
Leased-and-operated hotels |
199 |
199 |
|
Franchised-and-managed hotels |
163 |
163 |
|
Total hotel rooms in operation |
42,013 |
42,013 |
|
Leased-and-operated hotels |
24,787 |
24,787 |
|
Franchised-and-managed hotels |
17,226 |
17,226 |
|
Occupancy rate (as a percentage) |
88% |
96% |
|
Average daily rate (in RMB) |
178 |
180 |
|
RevPAR (in RMB) |
157 |
172 |
SOURCE
News Provided by Acquire Media