UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16
OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of: April 2012
Commission File Number: 001-34656
China Lodging Group, Limited
(Exact name of registrant as specified in its charter)
No. 2266 Hongqiao Road
Changning District
Shanghai 200336
People’s Republic of China
(86) 21 6195-2011
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F þ Form 40-F o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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China Lodging Group, Limited
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By:
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/s/ Qi Ji
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Name: Qi Ji
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Title: Chief Executive Officer
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Date: April 6, 2012
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EXHIBIT INDEX
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Exhibit Number
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Description
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Exhibit 99.1
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China Lodging Group, Limited Announces Preliminary Hotel Operating Results for First Quarter of 2012
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Exhibit 99.2
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China Lodging Group, Limited Appoints New Chief Operating Officer
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Exhibit 99.1
Contact Information
Ida Yu
Investor Relations Manager
Tel: 86 (21) 6195 9561
Email: ir@htinns.com
http://ir.htinns.com
China Lodging Group, Limited Announces Preliminary Hotel Operating Results for First Quarter of 2012
Shanghai, China, April 6, 2012 – China Lodging Group, Limited (NASDAQ: HTHT) (“China Lodging Group” or the “Company”), a leading and high-growth limited-service hotel chain operator in China, today announced preliminary hotel operating results for the 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 March 31, 2012, the Company had 675 hotels in operation, including 353 leased-and-operated hotels and 322 franchised-and-managed hotels.
In the first quarter of 2012, the RevPAR (revenue per available room) came in at RMB156, representing a year-over-year increase of 9%. For the hotels in operation for at least 18 months, the RevPAR was RMB172, representing a 10% same-hotel RevPAR increase year-over-year.
Mr Qi Ji, founder, executive Chairman and Chief Executive Officer of the Company, commented, “we are pleased to see the robust result in the beginning of this year, attributable to the strong demand in China’s travel market and our solid execution. Our fast expansion continues to win support from our customers, as evidenced by a strong year-over-year RevPAR growth.”
About China Lodging Group, Limited
China Lodging Group, Limited is a leading and high-growth limited-service hotel chain operator in China. The Company provides business and leisure travelers with high-quality, and conveniently-located hotel products under three brands, namely, HanTing Seasons Hotel, HanTing Express Hotel, and HanTing 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.
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China Lodging Group, Limited
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Operational Data
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As of
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March 31,
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December 31,
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March 31,
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2011
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2011
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2012
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Total hotels in operation:
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473 | 639 | 675 | |||||||||
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Leased-and-operated hotels
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259 | 344 | 353 | |||||||||
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Franchised-and-managed hotels
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214 | 295 | 322 | |||||||||
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Total hotel rooms in operation
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54,160 | 71,621 | 75,622 | |||||||||
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Leased-and-operated hotels
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31,540 | 40,514 | 42,057 | |||||||||
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Franchised-and-managed hotels
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22,620 | 31,107 | 33,565 | |||||||||
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Number of cities
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71 | 100 | 111 | |||||||||
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For the quarter ended
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March 31,
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December 31,
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March 31,
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Occupancy rate (as a percentage)
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Leased-and-operated hotels
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80 | % | 92 | % | 90 | % | ||||||
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Franchised-and-managed hotels
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84 | % | 95 | % | 92 | % | ||||||
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Total hotels in operation
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82 | % | 93 | % | 91 | % | ||||||
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Average daily room rate (in RMB)
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Leased-and-operated hotels
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179 | 184 | 176 | |||||||||
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Franchised-and-managed hotels
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170 | 173 | 166 | |||||||||
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Total hotels in operation
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175 | 179 | 172 | |||||||||
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RevPAR (in RMB)
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Leased-and-operated hotels
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144 | 170 | 158 | |||||||||
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Franchised-and-managed hotels
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142 | 164 | 153 | |||||||||
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Total hotels in operation
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143 | 167 | 156 | |||||||||
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Like-for-like performance for hotels opened for at least 18 months during the current quarter
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As of and for the quarter ended
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March 31,
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| 2011 | 2012 | |||||||||||
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Total hotels in operation:
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362 | 362 | ||||||||||
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Leased-and-operated hotels
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199 | 199 | ||||||||||
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Franchised-and-managed hotels
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163 | 163 | ||||||||||
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Total hotel rooms in operation
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42,013 | 42,013 | ||||||||||
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Leased-and-operated hotels
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24,787 | 24,787 | ||||||||||
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Franchised-and-managed hotels
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17,226 | 17,226 | ||||||||||
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Occupancy rate (as a percentage)
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88 | % | 96 | % | ||||||||
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Average daily rate (in RMB)
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178 | 180 | ||||||||||
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RevPAR (in RMB)
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157 | 172 | ||||||||||
Exhibit 99.2
Contact Information
Ida Yu
Investor Relations Manager
Tel: 86 (21) 6195 9561
Email: ir@htinns.com
http://ir.htinns.com
China Lodging Group, Limited Appoints New Chief Operating Officer
Shanghai, China, April 6, 2012 – China Lodging Group, Limited (NASDAQ: HTHT) (“China Lodging Group” or the “Company”), a leading and high-growth limited-service hotel chain operator in China, today announced the appointment of Yunhang Xie as Chief Operating Officer, effective April 5, 2012.
Mr. Xie has more than 16 years of working experience in the IT industry. Prior to joining China Lodging Group, Mr. Xie held several leadership roles in Digital China Networks Co., Ltd. (“DCN”), a leading network equipment and solutions provider, since 2000. He acted as General Manager of DCN from 2005 to 2012, formulating corporate development strategy and managing day-to-day operations. From 1997 to 2000, Mr. Xie served as Deputy General Manager at the network division of Lenovo Science and Technology Development Co., Ltd. Mr. Xie received his master degree of Business and Administration from Cheung Kong Graduate School of Business, and bachelor degree of Engineering from Shanghai Jiaotong University.
Mr. Qi Ji, founder, executive Chairman and Chief Executive Officer of the Company, will transfer the supervision responsibilities of various operational functions to Mr. Xie gradually in the next three to six months. After the transition, Mr. Ji will focus on corporate strategy, new brands and major investment decisions, and Mr. Xie will assume responsibilities for the Company’s overall operation.
“We are pleased to have Mr. Yunhang Xie joining our executive team. He will bring us deep knowledge in the information technology domain and solid experience in managing a large-scale service business, both valuable in our future growth, especially in today’s environment, where information technology is reshaping our daily life.” said Mr. Ji.
Moreover, the Board of Directors of China Lodging Group accepted Mr. Haijun Wang’s resignation for personal reasons, effective April 5, 2012. Mr. Wang acted as Executive Vice President of the Company since 2005 and was mainly in charge of new brands before his departure. Mr. Ji, the CEO, will take over the management responsibilities for new brands.
“I would also like to take this opportunity to thank Haijun for his contribution to China Lodging Group and wish him every success in his future endeavors,” said Mr. Ji.
After the above changes, the executive team of China Lodging Group now consists of Mr. Qi Ji, founder, executive Chairman and Chief Executive Officer, Ms. Min (Jenny) Zhang, Chief Financial Officer, and Mr. Yunhang Xie, Chief Operating Officer. Qi is a successful entrepreneur with extensive experience in travel and hotel industry in China. He founded the Company in 2005 and was also a co-founder of Ctrip.com and Home Inns. Graduating from Harvard Business School with an MBA degree, Jenny has more than 10 years of finance and consulting experience in multinational corporations before joining the Company in 2007.
“Our executive team represents a strong combination of entrepreneurship and professional experience. Our leadership team today is well calibrated to grow China Lodging Group into a large-scale, multi-brand hotel group in the next five years,” concluded Mr. Ji.
About China Lodging Group, Limited
China Lodging Group, Limited is a leading and high-growth limited-service hotel chain operator in China. The Company provides business and leisure travelers with high-quality, and conveniently-located hotel products under three brands, namely, HanTing Seasons Hotel, HanTing Express Hotel, and HanTing 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.