Home Inns to Present at Citi Greater China Investor Conference on October 18th

Home Inns Ended its Third Quarter 2007 With 201 Hotels in Operation Across 59 Cities and RevPAR Exceeding Same Period a Year Ago

SHANGHAI, China, Oct. 17 /Xinhua-PRNewswire/ -- Home Inns & Hotels Management Inc. (Nasdaq: HMIN), a leading economy hotel chain in China, today announced that the company will participate in Citi Greater China Investor Conference to be held at the Sands Venetian Hotel in Macau on October 17 and 18, 2007. Mr. David Sun, Home Inns’ Chief Executive Officer and Ms. May Wu, Home Inns’ Chief Financial Officer, will meet with investors at the conference on October 18th.

As previously announced on October 1, 2007, Home Inns opened its 200th hotel on September 30, 2007. As of the end of the third quarter of 2007, Home Inns had a total of 201 hotels in operation, which consisted of 143 leased-and-operated hotels and 58 franchised-and-managed hotels across 59 cities. As of the same date, Home Inns also had an additional 96 hotels contracted and under development, consisting of 69 leased-and-operated hotels and 27 franchised-and-managed hotels. This brings Home Inns’ total number of hotels in operation and contracted to 297 hotels across 77 cities. The company achieved strong operating performance in the third quarter of 2007, achieving a chain-wide occupancy rate of 95.4%, an ADR (average daily rate) of RMB 182 and RevPAR of RMB 174. For the same period a year ago, the chain-wide occupancy rate, ADR and RevPAR was 94.0%, RMB 183 and RMB 172, respectively. For the second quarter 2007, the chain-wide occupancy rate, ADR and RevPAR was 95.2%, RMB 183 and RMB 174, respectively.

About Home Inns

Home Inns is a leading economy hotel chain in China based on the number of hotels and hotel rooms, as well as the geographic coverage of the hotel chain. Since Home Inns commenced operations in 2002, it has become one of the best-known economy hotel brands in China. Home Inns offers a consistent product and high-quality services to primarily serve the fast growing population of value-conscious individual business and leisure travelers who demand clean, comfortable and convenient lodging. Home Inns’ ADSs, each of which represents two ordinary shares, are currently trading on the NASDAQ Global Market under the symbol “HMIN.” For more information about Home Inns, please visit http://english.homeinns.com .

For investor and media inquiries, please contact:

In China:

Angela Li

Home Inns & Hotels Management Inc.

Tel: +86-21-3218-9988 x2004

Email: xlli@homeinns.com