China Lodging Group, Limited Announces Preliminary Hotel Operating Results for Third Quarter of 2013
SHANGHAI, China, Oct. 14, 2013 (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 hotel operating results for the third quarter ended September 30, 2013.
Hotel Development
| Number of hotels in operation | Number of rooms in operation | |||
| Net added in Q3 2013 | As of September 30, 2013 | Net added in Q3 2013 | As of September 30, 2013 | |
| Leased hotels | 24 | 538 | 2,235 | 62,964 |
| Manachised hotels | 98 | 777 | 9,320 | 78,866 |
| Franchised hotels* | 3 | 26 | 382 | 2,664 |
| Total | 125 | 1,341 | 11,937 | 144,494 |
| * refers to franchised Starway hotels | ||||
| Number of hotels in pipeline as of September 30, 2013 | |
| Leased hotels | 76 |
| Manachised hotels | 379 |
| Total | 455 |
Operating metrics
| For the quarter ended | |||
| September 30, | June 30, | September 30, | |
| 2012 | 2013 | 2013 | |
| Occupancy rate (as a percentage) | |||
| Leased hotels | 97% | 90% | 93% |
| Manachised hotels | 98% | 92% | 95% |
| Blended | 97% | 91% | 94% |
| Average daily room rate (in RMB) | |||
| Leased hotels | 188 | 190 | 193 |
| Manachised hotels | 177 | 176 | 180 |
| Blended | 183 | 182 | 186 |
| RevPAR (in RMB) | |||
| Leased hotels | 183 | 172 | 179 |
| Manachised hotels | 173 | 162 | 171 |
| Blended | 178 | 167 | 175 |
| 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, | ||
| 2012 | 2013 | |
| Total | 674 | 674 |
| Leased hotels | 354 | 354 |
| Manachised hotels | 320 | 320 |
| Total | 76,379 | 76,379 |
| Leased hotels | 42,329 | 42,329 |
| Manachised hotels | 34,050 | 34,050 |
| Occupancy rate (as a percentage) | 101% | 99% |
| Average daily room rate (in RMB) | 186 | 192 |
| RevPAR (in RMB) | 188 | 190 |
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 six brands, namely, Joya Hotel, Man Xin 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.
CONTACT: Ida Yu
Investor Relations Manager
Tel: 86 (21) 6195 9561
Email: ir@huazhu.com
http://ir.huazhu.com