華住酒店集團公布其2018年第一季度酒店經營初步業績
Operating Metrics
For the quarter ended | ||||||
March 31, | December 31, | March 31, | ||||
2017 | 2017 | 2018 | ||||
Occupancy rate (as a percentage) | ||||||
Leased and owned hotels | 85.0 | % | 87.2 | % | 85.6 | % |
Manachised hotels | 84.6 | % | 86.6 | % | 84.0 | % |
Franchised hotels | 65.6 | % | 72.1 | % | 69.8 | % |
Blended | 83.9 | % | 86.0 | % | 83.7 | % |
Average daily room rate (in RMB) | ||||||
Leased and owned hotels | 204 | 251 | 243 | |||
Manachised hotels | 174 | 197 | 194 | |||
Franchised hotels | 180 | 232 | 228 | |||
Blended | 182 | 211 | 207 | |||
RevPAR (in RMB) | ||||||
Leased and owned hotels | 174 | 219 | 208 | |||
Manachised hotels | 147 | 170 | 163 | |||
Franchised hotels | 118 | 167 | 159 | |||
Blended | 152 | 181 | 173 |
Like-for-like performance for leased, manachised and franchised hotels opened for at least 18 months during the current quarter | ||||||
As of and for the quarter ended | ||||||
March 31, | yoy | |||||
2017 | 2018 | change | ||||
Total | 2,813 | 2,813 | ||||
Leased and owned hotels | 571 | 571 | ||||
Manachised and franchised hotels | 2,242 | 2,242 | ||||
Occupancy rate (as a percentage) | 85.9 | % | 86.2 | % | 0.3 | % |
Average daily room rate (in RMB) | 181 | 192 | 6.1 | % | ||
RevPAR (in RMB) | 155 | 165 | 6.5 | % |
Number of hotels in operation | Number of rooms in operation | |||||||
Opened | Closed (1) | Net added | As of | Net added | As of | |||
in Q1 2018 | in Q1 2018 | in Q1 2018 | March 31, 2018 | in Q1 2018 | March 31, 2018 | |||
Leased and owned hotels | 7 | (5 | ) | 2 | 673 | 490 | 85,508 | |
Manachised and franchised hotels | 120 | (51 | ) | 69 | 3,144 | 4,794 | 299,451 | |
Total | 127 | (56 | ) | 71 | 3,817 | 5,284 | 384,959 | |
(1) Reasons for closures include property-related issues, operating loss and non-compliance issues. In Q1 2018, two manachised HanTing hotels were temporarily closed for brand upgrade; one leased HanTing hotel was converted to manachised HanTing hotel. |
Number of hotels in pipeline as of March 31, 2018 |
|
Leased hotels | 38 |
Manachised and franchised hotels | 706 |
Total(2) | 744 |
(2) Including 132 hotels under brands of ibis, ibis Styles, Mercure, Grand Mercure and Novotel; 104 hotels under brands of Orange Select and Crystal Orange. |
Business Update by Segment
Hotel breakdown by segment | |||
Number of hotels in operation | |||
Net added | As of | ||
in Q1 2018 | March 31, 2018 | ||
Economy hotels | (10 | ) | 2,864 |
HanTing Hotel | 1 | 2,245 | |
Leased hotels | (14 | ) | 440 |
Manachised hotels | 15 | 1,801 | |
Franchised hotels | - | 4 | |
Hi Inn | (5 | ) | 391 |
Leased hotels | - | 30 | |
Manachised hotels | (6 | ) | 315 |
Franchised hotels | 1 | 46 | |
Elan Hotel | (6 | ) | 220 |
Manachised hotels | (5 | ) | 188 |
Franchised hotels | (1 | ) | 32 |
Orange Hotel | - | 8 | |
Leased hotels | - | 6 | |
Manachised hotels | - | 1 | |
Franchised hotels | - | 1 | |
Midscale and upscale hotels | 81 | 953 | |
JI Hotel | 33 | 423 | |
Leased hotels | - | 91 | |
Manachised hotels | 34 | 330 | |
Franchised hotels | (1 | ) | 2 |
Starway Hotel | (1 | ) | 173 |
Leased hotels | - | 2 | |
Manachised hotels | - | 141 | |
Franchised hotels | (1 | ) | 30 |
Joya Hotel | 1 | 7 | |
Leased hotels | 1 | 4 | |
Manachised hotels | (1 | ) | 2 |
Franchised hotels | 1 | 1 | |
Manxin Hotels & Resorts | 4 | 15 | |
Leased hotels | 1 | 3 | |
Manachised hotels | 3 | 9 | |
Franchised hotels | - | 3 | |
HanTing Premium Hotel | 23 | 28 | |
Leased hotels | 10 | 11 | |
Manachised hotels | 13 | 17 | |
Ibis Hotel | 5 | 105 | |
Leased and owned hotels | 1 | 17 | |
Manachised hotels | 6 | 44 | |
Franchised hotels | (2 | ) | 44 |
Ibis Styles Hotel | 3 | 16 | |
Manachised hotels | 3 | 13 | |
Franchised hotels | - | 3 | |
Mercure Hotel | (1 | ) | 19 |
Leased hotels | - | 2 | |
Manachised hotels | (3 | ) | 12 |
Franchised hotels | 2 | 5 | |
Novotel Hotel | - | 4 | |
Manachised hotels | - | 3 | |
Franchised hotels | - | 1 | |
Grand Mercure | 1 | 5 | |
Leased hotels | - | 1 | |
Manachised hotels | 1 | 2 | |
Franchised hotels | - | 2 | |
Orange Select | 11 | 114 | |
Leased hotels | 2 | 46 | |
Manachised hotels | 8 | 49 | |
Franchised hotels | 1 | 19 | |
Crystal Orange | 2 | 44 | |
Leased hotels | 1 | 20 | |
Manachised hotels | 1 | 16 | |
Franchised hotels | - | 8 | |
Total | 71 | 3,817 | |
Same-hotel operational data by segment | ||||||||||||||||
Number of hotels in operation | Same-hotel RevPAR | Same-hotel ADR | Same-hotel Occupancy | |||||||||||||
As of | For the quarter ended | For the quarter ended | For the quarter ended | |||||||||||||
March 31, | March 31, | yoy change |
March 31, | yoy change |
March 31, | yoy change |
||||||||||
2017 | 2018 | 2017 | 2018 | 2017 | 2018 | 2017 | 2018 | |||||||||
Economy hotels | 2,406 | 2,406 | 141 | 150 | 6.4 | % | 160 | 170 | 6.1 | % | 88.0 | % | 88.2 | % | 0.2 | % |
Leased and owned hotels | 477 | 477 | 147 | 160 | 8.7 | % | 169 | 182 | 7.6 | % | 87.3 | % | 88.1 | % | 0.9 | % |
Manachised and franchised hotels | 1,929 | 1,929 | 139 | 147 | 5.6 | % | 157 | 166 | 5.6 | % | 88.3 | % | 88.2 | % | 0.0 | % |
Midscale and upscale hotels | 407 | 407 | 215 | 229 | 6.5 | % | 279 | 293 | 5.0 | % | 76.9 | % | 78.0 | % | 1.0 | % |
Leased hotels | 94 | 94 | 264 | 281 | 6.3 | % | 320 | 335 | 4.9 | % | 82.6 | % | 83.7 | % | 1.1 | % |
Manachised and franchised hotels | 313 | 313 | 193 | 205 | 6.4 | % | 259 | 272 | 5.0 | % | 74.4 | % | 75.4 | % | 1.0 | % |
Total | 2,813 | 2,813 | 155 | 165 | 6.5 | % | 181 | 192 | 6.1 | % | 85.9 | % | 86.2 | % | 0.3 | % |
About
The Company's business includes leased and owned, manachised and franchised models. Under the lease and ownership model, the Company directly operates hotels typically located on leased or owned properties. Under the manachise model, the Company manages manachised hotels through the on-site hotel managers it appoints and collects fees from franchisees. Under the franchise model, the Company provides training, reservation and support services to the franchised hotels and collects fees from franchisees but does not appoint on-site hotel managers. The Company applies a consistent standard and platform across all of its hotels. As of
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
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
Tel: 86 (21) 6195 9561
Email: ir@huazhu.com
http://ir.huazhu.com
Source: China Lodging Group, Limited