Home Inns to Report Second Quarter 2008 Financial Results on August 11th, 2008 US Time

SHANGHAI, China, July 31 /Xinhua-PRNewswire/ -- Home Inns & Hotels Management Inc. (Nasdaq: HMIN), a leading economy hotel chain in China, today announced that it will report its financial results for the second quarter 2008 after the U.S. market closes on August 11th, 2008. Home Inns’ management will hold an earnings conference call at 9 PM on August 11th, 2008 U.S. Eastern Standard Time (9 AM on August 12th, 2008 Beijing/Hong Kong time).

Dial-in details for the earnings conference call are as follows:

China Mainland (toll free): 10.800.130.0399

Hong Kong: +852.3002.1672

U.S (toll free): +1.800.299.8538

U.S. and International: +1.617.786.2902

Pass code for all regions: Home Inns

A replay of the conference call may be accessed by phone at the following numbers until 10PM on August 18th, 2008 U.S. Eastern Standard Time.

US toll free: +1.888.286.8010

International: +1.617.801.6888

Passcode: 87586758

Additionally, a live and archived webcast of this conference call will be available at http://english.homeinns.com .

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.” The Company filed its annual report on Form 20-F for the fiscal year ended December 31, 2007 with the Securities and Exchange Commission on April 18, 2008, a copy of which is also available on the Company’s website http://English.homeinns.com . The Company will provide a hard copy of its annual report on Form 20-F, free of charge, to its shareholders and ADS holders upon request.

For investor and media inquiries, please contact:

Ethan Ruan

Home Inns & Hotels Management Inc.

Tel: +86-21-3401-9898 x2004

Email: zjruan@homeinns.com

FD Beijing

Julian Wilson

Tel: +86-10-8591-1951

Email: julian.wilson@fd.com

Peter Schmidt

Tel: +86-10-8591-1953

Email: peter.schmidt@fd.com