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

Apr 06, 2012, 02:00 ET from China Lodging Group, Limited

SHANGHAI, April 6, 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 first quarter of 2012.

In the first quarter of 2012, the Company opened 36 net new hotels, including 9 net leased-and-operated hotels and 27 net franchised-and-managed hotels. As of March 31, 2012, the Company had 675 hotels in operation, including 353 leased-and-operated hotels and 322 franchised-and-managed hotels.

In the first quarter of 2012, the RevPAR (revenue per available room) came in at RMB156, representing a year-over-year increase of 9%. For the hotels in operation for at least 18 months, the RevPAR was RMB172, representing a 10% same-hotel RevPAR increase year-over-year.

Mr Qi Ji, founder, executive Chairman and Chief Executive Officer of the Company, commented, "we are pleased to see the robust result in the beginning of this year, attributable to the strong demand in China's travel market and our solid execution. Our fast expansion continues to win support from our customers, as evidenced by a strong year-over-year RevPAR growth."

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 three brands, namely, HanTing Seasons Hotel, HanTing Express Hotel, and HanTing 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

Operational Data

As of 

March 31,

December 31,

March 31,

2011

2011

2012

Total hotels in operation:

473

639

675

  Leased-and-operated hotels

259

344

353

  Franchised-and-managed hotels

214

295

322

Total hotel rooms in operation

54,160

71,621

75,622

  Leased-and-operated hotels

31,540

40,514

42,057

  Franchised-and-managed hotels

22,620

31,107

33,565

Number of cities

71

100

111

For the quarter ended

March 31,

December 31,

March 31,

2011

2011

2012

Occupancy rate (as a percentage)

  Leased-and-operated hotels

80%

92%

90%

  Franchised-and-managed hotels

84%

95%

92%

  Total hotels in operation

82%

93%

91%

Average daily room rate (in RMB)

  Leased-and-operated hotels

179

184

176

  Franchised-and-managed hotels

170

173

166

  Total hotels in operation

175

179

172

RevPAR (in RMB)

  Leased-and-operated hotels

144

170

158

  Franchised-and-managed hotels

142

164

153

  Total hotels in operation

143

167

156

Like-for-like performance for hotels opened for at least 18 months during the current quarter

As of and for the quarter ended

March 31, 

2011

2012

Total hotels in operation:

362

362

  Leased-and-operated hotels

199

199

  Franchised-and-managed hotels

163

163

Total hotel rooms in operation

42,013

42,013

  Leased-and-operated hotels

24,787

24,787

  Franchised-and-managed hotels

17,226

17,226

Occupancy rate (as a percentage)

88%

96%

Average daily rate (in RMB)

178

180

RevPAR (in RMB)

157

172

SOURCE China Lodging Group, Limited



RELATED LINKS

http://ir.htinns.com