China Lodging Group, Limited Announces Preliminary Hotel Operating Results for Second Quarter of 2012
In the second quarter of 2012, the Company opened 35 net leased ("leased-and-operated") hotels and 43 net manachised ("franchised-and-managed") hotels. The Company also completed an investment in
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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Operating Data
| |||
As of | |||
|
|
June 30, | |
2011 |
2012 |
2012 | |
Total hotels in operation: |
516 |
675 |
863 |
Leased hotels |
281 |
353 |
388 |
Manachised hotels |
235 |
322 |
365 |
Franchised hotels* |
- |
- |
110 |
Total hotel rooms in operation |
58,786 |
75,622 |
95,573 |
Leased hotels |
33,677 |
42,057 |
46,083 |
Manachised hotels |
25,109 |
33,565 |
38,045 |
Franchised hotels* |
- |
- |
11,445 |
Number of cities |
80 |
111 |
131 |
* refers to franchised Starway hotels |
|||
For the quarter ended | |||
|
|
June 30, | |
2011 |
2012 |
2012 | |
Occupancy rate (as a percentage) |
|||
Leased hotels |
92% |
90% |
97% |
Manachised hotels |
95% |
92% |
98% |
Blended |
93% |
91% |
97% |
Average daily room rate (in RMB) |
|||
Leased hotels |
187 |
176 |
187 |
Manachised hotels |
176 |
166 |
175 |
Blended |
182 |
172 |
181 |
RevPAR (in RMB) |
|||
Leased hotels |
172 |
158 |
181 |
Manachised hotels |
168 |
153 |
171 |
Blended |
170 |
156 |
176 |
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 |
|||
June 30, |
|||
2011 |
2012 |
||
Total |
428 |
428 |
|
Leased hotels |
239 |
239 |
|
Manachised hotels |
189 |
189 |
|
Total |
49,875 |
49,875 |
|
Leased hotels |
29,795 |
29,795 |
|
Manachised hotels |
20,080 |
20,080 |
|
Occupancy rate (as a percentage) |
98% |
102% |
|
Average daily rate (in RMB) |
186 |
191 |
|
RevPAR (in RMB) |
182 |
195 |
SOURCE
News Provided by Acquire Media