This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

China Lodging Group, Limited Announces Preliminary Hotel Operating Results For Third Quarter Of 2012

SHANGHAI, China, Oct. 11, 2012 (GLOBE NEWSWIRE) -- China Lodging Group, Limited (Nasdaq:HTHT) ("China Lodging Group" or the "Company"), a leading and fast-growing limited service hotel chain operator in China, today announced preliminary hotel operating results for the third quarter of 2012.

In the third quarter of 2012, the Company added 27 leased ("leased-and-operated") hotels and 81 manachised ("franchised-and-managed") hotels. As of September 30, 2012, the Company had 415 leased hotels, 446 manachised hotels, and 77 franchised Starway hotels in operation. In the third quarter of 2012, excluding franchised Starway hotels, the blended RevPAR came in at RMB178, representing a year-over-year increase of 1%. For the hotels in operation for at least 18 months, excluding franchised Starway hotels, the RevPAR was RMB195, representing a 5% same-hotel RevPAR increase year-over-year, with a 3% increase in ADR and a 2% increase in occupancy.

Mr Qi Ji, founder, executive Chairman and Chief Executive Officer of the Company, commented, "We are glad to have delivered another solid quarter, with strong same-hotel RevPAR increase and hotel network expansion well on track. We will continue to expand our network and brand portfolio to meet the fast-growing and diversified travel demand in China."

About China Lodging Group, Limited

China Lodging Group, Limited is a leading and fast-growing 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.

  China Lodging Group, Limited
Operating Data      
  As of 
  September 30, 2011 June 30, 2012 September 30, 2012
Total hotels in operation:  580  863  938
Leased hotels  314  388  415
Manachised hotels  266  365  446
Franchised hotels*  --   110  77
Total hotel rooms in operation  65,524  95,573  103,322
Leased hotels  37,229  46,083  48,857
Manachised hotels  28,295  38,045  46,296
Franchised hotels*  --   11,445  8,169
Number of cities  92  131  149
       
* refers to franchised Starway hotels
       
  For the quarter ended
  September 30, 2011 June 30, 2012 September 30, 2012
Occupancy rate (as a percentage)      
Leased hotels 95% 97% 97%
Manachised hotels 99% 98% 98%
Blended 97% 97% 97%
Average daily room rate (in RMB)      
Leased hotels 187 187 188
Manachised hotels 178 175 177
Blended 183 181 183
RevPAR (in RMB)      
Leased hotels 178 181 183
Manachised hotels 175 171 173
Blended 177 176 178
       
       
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  
  September 30,   
  2011 2012  
Total   464  464  
Leased hotels  257  257  
Manachised hotels  207  207  
Total  54,175  54,175  
Leased hotels  32,056  32,056  
Manachised hotels  22,119  22,119  
Occupancy rate (as a percentage) 100% 102%  
Average daily rate (in RMB) 186 192  
RevPAR (in RMB) 186 195  
CONTACT: Ida Yu
         Investor Relations Manager
         Tel: 86 (21) 6195 9561
         Email: ir@htinns.com
         http://ir.htinns.com

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,067.33 -105.35 -0.61%
S&P 500 1,985.72 -8.57 -0.43%
NASDAQ 4,515.0860 -12.6030 -0.28%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs