China Lodging Group, Limited (HTHT) Announces Its Preliminary Results for Hotel Operations in the Third Quarter of 2014

15/10/2014

SHANGHAI, China, Oct. 15, 2014 (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 operations in the third quarter ended September 30, 2014.

Hotel Development

 Number of hotels in operationNumber of rooms in operation
 Opened Closed Net added As of Net added As of 
 in Q3 2014in Q3 2014in Q3 2014September 30, 2014in Q3 2014September 30, 2014
Leased hotels (1)  18  (4) 14  604  2,099  71,999
Manachised hotels  168  --   168  1,237  16,627  124,744
Franchised hotels (2)  1  (3)  (2)  8  (238)  931
Total  187  (7)  180  1,849  18,488  197,674
(1) Four leased hotels were closed during the third quarter. Among those, two leased hotels were transformed to manachised hotels and the other two were closed due to city rezoning.
(2) refers to franchised Starway hotels
             
 Number of hotels in pipeline
as of September 30, 2014
Leased hotels 32
Manachised hotels 485
Total 517
   

Operating Metrics

 For the quarter ended
 September 30,June 30,September 30,
 201320142014
Occupancy rate (as a percentage)      
Leased hotels 93% 91% 93%
Manachised hotels 95% 91% 92%
Blended 94% 91% 93%
Average daily room rate (in RMB)      
Leased hotels 193 191 198
Manachised hotels 180 173 180
Blended 186 180 187
RevPAR (in RMB)      
Leased hotels 179 174 184
Manachised hotels 171 158 166
Blended 175 164 173
       
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,
 20132014
Total   1,049  1,049
Leased hotels  476  476
Manachised hotels  573  573
Occupancy rate (as a percentage) 98% 96%
Average daily room rate (in RMB) 188 191
RevPAR (in RMB) 183 183
     

Business Update by Segment

Hotel breakdown by brand
 
 Number of hotels in operation
 Net addedAs of
 in Q3 2014September 30, 2014
Economy hotels 157  1,687
HanTing Hotel  132  1,547
Leased hotels  7  496
Manachised hotels  125  1,051
Hi Inn  23  138
Leased hotels  --   41
Manachised hotels  23  97
Elan  2  2
Leased hotels  --   -- 
Manachised hotels  2  2
Midscale and upscale hotels 23  162
JI Hotel  15  111
Leased hotels  5  61
Manachised hotels  10  50
Starway Hotel  6  47
Leased hotels  1  3
Manachised hotels  7  36
Franchised hotels  (2)  8
Joya Hotel  2  3
Leased hotels  1  2
Manachised hotels  1  1
Manxin Hotels & Resorts  --   1
Leased hotels  --   1
Total 180  1,849
     
Operational metrics for hotels in operation by brand       
Q3 2014        
 Number of hotels
in operation
RevPARADR Occupancy
Economy hotels 1,687 167 179 93%
Leased hotels  537 172 184 94%
Manachised hotels  1,150 164 176 93%
Midscale and upscale hotels 154 227 269 84%
Leased hotels  67 257 297 86%
Manachised hotels  87 196 238 82%
Total 1,841 173 187 93%
         
Q3 2013        
 Number of hotels
in operation
RevPARADR Occupancy
Economy hotels 1,237 172 180 95%
Leased hotels 497 173 185 94%
Manachised hotels 740 170 177 96%
Midscale and upscale hotels 78 217 275 79%
Leased hotels 41 238 297 80%
Manachised hotels 37 186 242 77%
Total 1,315 175 186 94%
* Excluding franchised Starway hotels
         
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  
 September 30,September 30,yoy September 30,yoy September 30,yoy 
 2013201420132014change20132014change20132014change
Economy hotels  1,001  1,001 179 178 -1% 183 185 1% 98% 96% -2%
Leased hotels  450  450 178 177 -1% 185 186 0% 96% 95% -1%
Manachised hotels  551  551 180 178 -1% 180 184 2% 100% 97% -3%
Midscale hotels  48  48 258 282 9% 281 300 7% 92% 94% 2%
Leased hotels  26  26 279 310 11% 294 321 9% 95% 97% 2%
Manachised hotels  22  22 217 228 5% 252 256 1% 86% 89% 3%
Total  1,049  1,049 183 183 0% 188 191 2% 98% 96% -2%
                       

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: Ida Yu

         Sr. Manager of Investor Relations

         Tel: 86 (21) 6195 9561

         Email: ir@huazhu.com

         http://ir.huazhu.com

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