China Lodging Group, Limited Announces Preliminary Hotel Operating Results for Fourth Quarter of 2013

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| Source: China Lodging Group, Limited

SHANGHAI, China, Jan. 12, 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 hotel operating results for the fourth quarter ended December 31, 2013.

Hotel Development      
  Number of hotels in operation Number of rooms in operation
  Net added in
Q4 2013
As of December 31, 2013 Net added in
Q4 2013
As of December 31, 2013
Leased hotels 27  565  2,872  65,836
Manachised hotels 58  835  5,571  84,437
Franchised hotels*  (1)  25  (58)  2,606
Total 84  1,425  8,385  152,879
* refers to franchised Starway hotels
  Number of hotels in pipeline
as of December 31, 2013
Leased hotels 63
Manachised hotels 350
Total 413

    

Operating metrics  
  For the quarter ended
  December 31, September 30 December 31,
  2012 2013 2013
Occupancy rate (as a percentage)    
Leased hotels 92% 93% 89%
Manachised hotels 92% 95% 91%
Blended 92% 94% 90%
Average daily room rate (in RMB)    
Leased hotels 182 193 187
Manachised hotels 170 180 171
Blended 176 186 178
RevPAR (in RMB)      
Leased hotels 167 179 166
Manachised hotels 157 171 155
Blended 162 175 160
 
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  
  December 31,  yoy
  2012 2013 change
Total   757  757  
Leased hotels  388  388  
Manachised hotels  369  369  
Occupancy rate (as a percentage) 96% 94% -2%
Average daily room rate (in RMB) 179 183 3%
RevPAR (in RMB) 172 173 1%

 

Upcoming Investor Relations Activities
China Lodging Group will participate in the following conferences in the first quarter of 2014.
January 14-15, 2014 Deutsche Bank 12th Annual dbAccess China Conference, Beijing
January 16, 2014 China Renaissance Online Travel Conference, Shanghai
March 24-28, 2014 Credit Suisse 17th Asian Investment Conference, Hong Kong

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 six brands, namely, Joya Hotel, Manxin Hotels & Resorts, JI Hotel, Starway Hotel, HanTing 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.

Ida Yu
Investor Relations Manager
Tel: 86 (21) 6195 9561
Email: 
http://ir.huazhu.com