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

11/01/2016

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

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