SHANGHAI, China, Oct. 17, 2017 (GLOBE NEWSWIRE) -- China Lodging Group, Limited (NASDAQ:HTHT) ("China Lodging Group", "Huazhu", or the "Company"), a leading and fast-growing multi-brand hotel group in China, today announced its preliminary results for the hotel operation in the third quarter ended September 30, 2017. 

Operating Metrics
  For the quarter ended
  September 30, June 30, September 30,
  2016  2017  2017 
Occupancy rate (as a percentage)      
  Leased and owned hotels 90% 91% 93%
  Manachised hotels 89% 91% 94%
  Franchised hotels 74% 74% 79%
  Blended 89% 90% 93%
Average daily room ra te   (in RMB)      
  Leased and owned hotels 217 232 257
  Manachised hotels 186 188 204
  Franchised hotels 194 203 236
  Blended 194 199 218
RevPAR   (in RMB)      
  Leased and owned hotels 195 211 238
  Manachised hotels 166 171 192
  Franchised hotels 144 151 186
  Blended 173 179 203
       

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, yoy
  2016 2017 growth
Total   2,603   2,603  
  Leased hotels   579   579  
  Manachised and franchised hotels   2,024   2,024  
Occupancy rate (as a percentage) 91% 96% 4.4 %
Average daily room rate (in RMB) 194 202 4.5 %
RevPAR (in RMB) 177 193 9.5 %

 

Hotel Development

  Number of hotels in operation     Number of rooms in operation
  Opened  Closed Net added As of      Net added As of 
  in Q3 2017 in Q3 2017 in Q3 2017 September 30, 2017     in Q3 2017 September 30, 2017
Leased and owned hotels 7 (9 ) (2 ) 684     336 86,568
Manachised and franchised hotels 160 (43 ) 117   2,972     12,598 285,896
Total   167   (52 )   115     3,656       12,934   372,464

  Number of hotels in pipeline as of September 30, 2017  
Leased hotels   38  
Manachised and franchised hotels   568  
Total (1)   606  
(1) Including 98 hotels under brands of ibis, ibis Styles, Mercure,Novotel and Grand Mercure; 73 hotels under brands of Orange Select and Crystal Orange.  
 

Business Update by Segment

Hotel breakdown by segment    
   
  Number of hotels in operation
  Net added  As of 
  in Q3 2017 September 30, 2017
Economy hotels   46     2,939
  HanTing Hotel   19     2,232
  Leased hotels   (8 )   465
  Manachised hotels   27     1,763
  Franchised hotels   -     4
  Hi Inn   (1 )   394
  Leased hotels   (3 )   32
  Manachised hotels   2     316
  Franchised hotels   -     46
  Elan Hotel   18     213
  Manachised hotels   18     180
  Franchised hotels   -     33
  ibis Hotel   11     91
  Leased and owned hotels   1     16
  Manachised hotels   11     29
  Franchised hotels   (1 )   46
  Orange Hotel   (1 )   9
  Leased hotels   (1 )   7
  Manachised hotels   -     1
  Franchised hotels   -     1
Midscale and upscale hotels   69     717
  JI Hotel   37     364
  Leased hotels   6     91
  Manachised hotels   31     270
  Franchised hotels   -     3
  Starway Hotel   14     162
  Leased hotels   -     2
  Manachised hotels   14     126
  Franchised hotels   -     34
  Joya Hotel   -     6
  Leased hotels   -     3
  Manachised hotels   -     3
  Manxin Hotels & Resorts   4     8
  Leased hotels   1     2
  Manachised hotels   1     3
  Franchised hotels   2     3
  HanTing Plus Hotel   1     1
  Manachised hotels   1     1
  ibis Styles Hotel   1     11
  Manachised hotels   1     7
  Franchised hotels   -     4
  Mercure Hotel   1     19
  Leased hotels   -     2
  Manachised hotels   (1 )   14
  Franchised hotels   2      3
  Novotel Hotel   2     4
  Manachised hotels   2     3
  Franchised hotels   -     1
  Grand Mercure   -     3
  Leased hotels   -     1
  Franchised hotels   -     2
  Orange Select   7     97
  Leased hotels   2     44
  Manachised hotels   3     35
  Franchised hotels   2     18
  Crystal Orange   2     42
  Leased hotels   -     19
  Manachised hotels   2     15
  Franchised hotels   -     8
Total   115     3,656

 

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  
  September 30, September 30, yoy growth September 30, yoy growth September 30, yoy growth
  2016 2017 2016 2017 2016 2017 2016   2017  
Economy hotels   2,316   2,316   162   177 9.4 %   176   183 4.3 % 92 % 96 % 4.5 %
  Leased and owned hotels   498   498   169   185 9.6 %   186   196 5.3 % 91 % 94 % 3.6 %
  Manachised and franchised hotels   1,818   1,818   159   174 9.3 %   172   179 3.9 % 92 % 97 % 4.8 %
Midscale and upscale hotels   287   287   265   290 9.5 %   303   319 5.2 % 87 % 91 % 3.6 %
  Leased hotels   81   81   320   344 7.5 %   346   365 5.4 % 92 % 94 % 1.8 %
  Manachised and franchised hotels   206   206   233   259 11.0 %   276   291 5.3 % 84 % 89 % 4.6 %
Total   2,603   2,603   177   193 9.5 %   194   202 4.5 % 91 % 96 % 4.4 %

About China Lodging Group, LimitedChina Lodging Group, Limited is a leading hotel operator and franchisor in China. As of September 30, 2017, the Company had 3,656 hotels or 372,464 rooms in operation in 375 cities. With a primary focus on economy and midscale hotel segments, China Lodging Group's brands include Hi Inn, HanTing Hotel, Elan Hotel, HanTing Plus Hotel, JI Hotel, Starway Hotel, Joya Hotel, CitiGo Hotel, VUE Hotel, Crystal Orange Hotel, Orange Hotel Select, Orange Hotel and Manxin Hotel. The Company also has the rights as master franchisee for Mercure, Ibis and Ibis Styles, and co-development rights for Grand Mercure and Novotel, in Pan-China region.The Company's business includes leased and owned, manachised and franchised models. Under the lease and ownership model, the Company directly operates hotels typically located on leased or owned properties. Under the manachise model, the Company manages manachised hotels through the on-site hotel managers it appoints and collects fees from franchisees. Under the franchise model, the Company provides training, reservation and support services to the franchised hotels and collects fees from franchisees but does not appoint on-site hotel managers. The Company applies a consistent standard and platform across all of its hotels. The Company applies a consistent standard and platform across all of its hotels. As of September 30, 2017, China Lodging Group operates 23 percent of its hotel rooms under lease and ownership model, 77 percent under manachise and franchise models.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.

Contact InformationInvestor RelationsTel: 86 (21) 6195 9561Email: ir@huazhu.com http://ir.huazhu.com