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China Lodging Group, Limited Announces Preliminary Hotel Operating Results For First Quarter Of 2013

Stocks in this article: HTHT

SHANGHAI, China, April 15, 2013 (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 preliminary hotel operating results for the first quarter ended March 31, 2013.

Hotel Development

  Number of hotels in operation Number of rooms in operation
  Net added in Q1 2013 As of March 31, 2013 Net added in Q1 2013 As of March 31, 2013
Leased hotels 19  484  2,084  56,778
Manachised hotels 70  586  6,685  60,066
Franchised hotels*  (19)  35  (1,859)  3,716
Total 70  1,105  6,910  120,560
* refers to franchised Starway hotels
  Number of hotels in pipeline as of March 31, 2013
Leased hotels 76
Manachised hotels 322
Total 398
   

Operating metrics

  For the quarter ended
  March 31, December 31, March 31,
  2012 2012 2013
Occupancy rate (as a percentage)      
Leased hotels 90% 92% 85%
Manachised hotels 92% 92% 88%
Blended 91% 92% 87%
Average daily room rate (in RMB)      
Leased hotels 176 182 178
Manachised hotels 166 170 167
Blended 172 176 172
RevPAR (in RMB)      
Leased hotels 158 167 152
Manachised hotels 153 157 146
Blended 156 162 149
       
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
  March 31,
  2012 2013
Total   570  570
Leased hotels  308  308
Manachised hotels  262  262
Total  65,910  65,910
Leased hotels  37,676  37,676
Manachised hotels  28,234  28,234
Occupancy rate (as a percentage) 94% 92%
Average daily rate (in RMB) 174 179
RevPAR (in RMB) 163 165
     

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 five brands, namely, Joya Hotel, JI Hotel, Starway Hotel, HanTing 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.

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

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