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

14/07/2015

SHANGHAI, China, July 14, 2015 (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 second quarter ended June 30, 2015.

Hotel Development

 Number of hotels in operationNumber of rooms in operation
 Opened Closed (1) Net added As of Net added As of 
 in Q2 2015in Q2 2015in Q2 2015June 30, 2015in Q2 2015June 30, 2015
Leased hotels  5  (6)  (1)  616  578  74,758
Manachised hotels  207  (9)  198  1,731  17,639  168,421
Franchised hotels  11  (1)  10  37  585  3,165
Total  223  (16)  207  2,384  18,802  246,344
(1) In the second quarter, six leased hotels were closed, among which, four lease contracts expired and two were closed for brand consolidation. Nine manachised hotels were closed, among which, two were transformed to franchised model and seven were closed due to urban rezoning and other reasons.
             
 Number of hotels in pipeline as
of June 30, 2015
Leased hotels 19
Manachised and franchised hotels 721
Total 740

Operating Metrics

 For the quarter ended
 June 30,March 31,June 30,
 201420152015
Occupancy rate (as a percentage)      
Leased hotels 91% 83% 87%
Manachised hotels 91% 81% 85%
Franchised hotels N/A 66% 74%
Blended 91% 82% 86%
Average daily room rate (in RMB)      
Leased hotels 191 182 201
Manachised hotels 173 161 172
Franchised hotels N/A 174 171
Blended 180 168 181
RevPAR (in RMB)      
Leased hotels 174 150 176
Manachised hotels 158 131 146
Franchised hotels N/A 115 126
Blended 164 137 156

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,yoy
 20142015change
Total   1,380  1,380  
Leased hotels  552  552  
Manachised and franchised hotels  828  828  
Occupancy rate (as a percentage) 94% 89% -5%
Average daily room rate (in RMB) 182 185 1%
RevPAR (in RMB) 171 164 -4%

Business Update by Segment

Hotel breakdown by segment
 
 Number of hotels in operation
 Net addedAs of
 in Q2 2015June 30, 2015
Economy hotels 175  2,148
HanTing Hotel  98  1,836
Leased hotels  (1)  502
Manachised hotels  99  1,334
Hi Inn  42  231
Leased hotels  (2)  39
Manachised hotels  44  186
Franchised hotels  --  6
Elan Hotel  35  81
Manachised hotels  29  71
Franchised hotels  6  10
Midscale and upscale hotels 32  236
JI Hotel  15  145
Leased hotels  (1)  65
Manachised hotels  16  80
Starway Hotel  17  86
Leased hotels  3  7
Manachised hotels  10  58
Franchised hotels  4  21
Joya Hotel  --   3
Leased hotels  --   2
Manachised hotels  --   1
Manxin Hotels & Resorts  --   2
Leased hotels  --   1
Manachised hotels  --   1
Total 207  2,384
     
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  
 June 30,June 30,yoyJune 30,yoyJune 30,yoy
 2014201520142015change20142015change20142015change
Economy hotels  1,293  1,293 165 157 -5% 175 176 0% 94% 89% -5%
Leased hotels  505  505 168 161 -4% 179 181 1% 94% 89% -5%
Manachised and franchised hotels  788  788 163 154 -6% 172 172 0% 95% 89% -5%
Midscale and upscale hotels  87  87 240 254 6% 279 302 8% 86% 84% -2%
Leased hotels  47  47 260 279 7% 296 325 10% 88% 86% -2%
Manachised hotels  40  40 209 213 2% 249 261 4% 84% 82% -2%
Total  1,380  1,380 171 164 -4% 182 185 1% 94% 89% -5%

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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