China Lodging Group, Limited (HTHT) Announces Its Preliminary Results for Hotel Operations in the First Quarter of 2014


SHANGHAI, China, April 14, 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 results for the hotel operations in the first quarter ended March 31, 2014.

Hotel Development

  Number of hotels  Number of hotels in operation Number of rooms in operation
  Opened  Closed  Net added  As of  Net added  As of 
  in Q1 2014 in Q1 2014 in Q1 2014 March 31, 2014 in Q1 2014 March 31, 2014
Leased hotels  11  1 10  575  1,596  67,432
Manachised hotels  116  7 109  944  11,028  95,465
Franchised hotels*  --  14  (14)  11  (1,311)  1,295
Total  127  22  105  1,530  11,313  164,192
* refers to franchised Starway hotels
             
  Number of hotels in pipeline
as of March 31, 2014
Leased hotels 55
Manachised hotels 357
Total 412
   

Operating Metrics

  For the quarter ended
  March 31, December 31, March 31,
  2013 2013 2014
Occupancy rate (as a percentage)      
Leased hotels 85% 89% 84%
Manachised hotels 88% 91% 86%
Blended 87% 90% 86%
Average daily room rate (in RMB)      
Leased hotels 178 187 179
Manachised hotels 167 171 165
Blended 172 178 171
RevPAR (in RMB)      
Leased hotels 152 166 151
Manachised hotels 146 155 143
Blended 149 160 146
       
Like-for-like performance for leased and manachised hotels opened for at least 18 months during the current quarter
       
  As of   
  March 31, 2013 March 31, 2014  
Total number of hotels  841  841  
Leased hotels  409  409  
Manachised hotels  432  432  
       
   For the quarter of  yoy
   Q1 2013   Q1 2014  change
Occupancy rate (as a percentage) 91% 90% -1%
Average daily room rate (in RMB) 174 175 0%
RevPAR (in RMB) 159 157 -1%
       

Business Update by segment

Hotel breakdown by brand
  Number of hotels in operation
  Net added  As of 
  in Q1 2014 March 31, 2014
Economy hotels  103  1,412
Hanting Hotel  93  1,319
Leased hotels  8  481
Manachised hotels  85  838
Hi Inn  10  93
Leased hotels  (1)  40
Manachised hotels  11  53
Midscale hotels and upscale hotels  2  118
JI Hotel 12  80
Leased hotels  3  51
Manachised hotels  9  29
Starway Hotel  (10)  36
Leased hotels  --   1
Manachised hotels  4  24
Franchised hotels  (14)  11
Joya Hotel  --   1
Leased hotels  --   1
Manxin Hotels & Resorts  --   1
Leased hotels  --   1
Total  105  1,530
     
Same-hotel operational data by segment
  Number of hotels in operation Same-hotel RevPAR   Same-hotel ADR   Same-hotel Occupancy  
  As of For the quarter ended   For the quarter ended   For the quarter ended  
  March 31, March 31, yoy  March 31, yoy  March 31, yoy 
  2013 2014 2013 2014 change 2013 2014 change 2013 2014 change
Economy hotels  814  814 155 153 -2% 171 171 0% 91% 90% -2%
Leased hotels  389  389 155 152 -2% 173 172 -1% 90% 88% -1%
Manachised hotels  425  425 156 154 -1% 168 170 1% 93% 91% -2%
Midscale hotels  27  27 239 271 14% 275 291 6% 87% 93% 7%
Leased hotels  20  20 245 284 16% 281 303 8% 87% 94% 8%
Manachised hotels  7  7 211 216 2% 248 242 -2% 85% 89% 5%
Total  841  841 159 157 -1% 174 175 0% 91% 90% -1%
                       

Upcoming Investor Relations Activities

China Lodging Group will participate in the following conferences in the second quarter of 2014.
May 7, 2014 Macquarie Greater China Conference, Hong Kong
May 15-16, 2014 Morgan Stanley Hong Kong Summit, Hong Kong
May 19-20, 2014 Deutsche Bank dbAccess Asia Conference, Singapore
June 2, 2014 Global Lodging, Gaming, Restaurant and Leisure Conference, New York
June 5, 2014 Bank of America Merrill Lynch CalGEMs Conference, California
June 10-11, 2014 JP Morgan China Conference, Beijing
   

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.



            

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