omniture

China Lodging Group, Limited Announces Preliminary Hotel Operating Results for Second Quarter of 2012

2012-07-12 19:30 1996

SHANGHAI, July 12, 2012 /PRNewswire-Asia-FirstCall/ -- China Lodging Group, Limited (NASDAQ: HTHT) ("China Lodging Group" or the "Company"), a leading and high-growth limited service hotel chain operator in China, today announced preliminary hotel operating results for the 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 Starway Hotels (Hong Kong) Limited ("Starway") to own a majority stake. As of June 30, 2012, the Company had 388 leased hotels, 365 manachised hotels, and 110 franchised Starway hotels in operation. In the second quarter of 2012, excluding franchised Starway hotels, the blended RevPAR came in at RMB176, representing a year-over-year increase of 4%. For the hotels in operation for at least 18 months, excluding franchised Starway hotels, the RevPAR was RMB195, representing a 7% same-hotel RevPAR increase year-over-year, with a 3% increase in ADR and a 4% increase in occupancy.

Mr Qi Ji, founder, executive Chairman and Chief Executive Officer of the Company, commented, "We have once again delivered a solid quarter. The performance for our overall network improved year-over-year due to strong demand in China's travel market and our solid execution. The addition of Starway has strengthened our leadership position in the mid-scale hotel market and accelerates our expansion in this segment."

About China Lodging Group, Limited

China Lodging Group, Limited is a leading and high-growth limited service hotel chain operator in China. The Company provides business and leisure travelers with high-quality, and conveniently-located hotel products under four brands, namely, Seasons Hotel, Starway Hotel, HanTing Express Hotel, and Hi Inn. For more information, please visit the Company's website: http://ir.htinns.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 Information

Ida Yu
Investor Relations Manager
Tel: 86 (21) 6195 9561
Email: ir@htinns.com

http://ir.htinns.com

China Lodging Group, Limited

Operating Data


As of


June 30,

March 31,

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,

March 31,

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: China Lodging Group, Limited
collection