SHANGHAI, China, Jan. 16, 2018 (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 fourth quarter ended December 31, 2017.

Operating Metrics
  For the quarter ended
  December 31, September 30, December 31,
  2016 2017 2017
Occupancy rate (as a percentage)      
Leased and owned hotels 86 % 93 % 87 %
Manachised hotels 85 % 94 % 87 %
Franchised hotels 68 % 79 % 72 %
Blended 85 % 93 % 86 %
Average daily room rate   (in RMB)      
Leased and owned hotels 211   257   251  
Manachised hotels 178   204   197  
Franchised hotels 180   236   232  
Blended 186   218   211  
RevPAR   (in RMB)      
Leased and owned hotels 181   238   219  
Manachised hotels 152   192   170  
Franchised hotels 123   186   167  
Blended 158   203   181  
       

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  
  December 31, yoy
  2016   2017   change
Total    2,729     2,729    
Leased and owned hotels   573     573    
Manachised and franchised hotels   2,156     2,156    
Occupancy rate (as a percentage) 87 % 88 % 1.3 %
Average daily room rate (in RMB) 187   196   4.9 %
RevPAR (in RMB) 162   172   6.5 %
       

Hotel Development
  Number of hotels in operation   Number of rooms in operation
  Opened Closed (1) Net added As of   Net added As of
  in Q4 2017 in Q4 2017 in Q4 2017 December 31, 2017   in Q4 2017 December 31, 2017
Leased and owned hotels 2   (15 )   (13 ) 671     (1,550 ) 85,018
Manachised and franchised hotels 135   (32 )   103   3,075     8,761   294,657
Total 137   (47 )   90   3,746     7,211   379,675
               

  Number of hotels in pipeline as of December 31, 2017
Leased hotels 37
Manachised and franchised hotels 659
Total (1) 696
(1) Including 112 hotels under brands of ibis, ibis Styles, Mercure, Grand Mercure and Novotel; 94 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 Q4 2017 December 31, 2017
Economy hotels   35     2,974
HanTing Hotel   12     2,244
Leased hotels   (11 )   454
Manachised hotels   23     1,786
Franchised hotels   -     4
Hi Inn   2     396
Leased hotels   (2 )   30
Manachised hotels   5     321
Franchised hotels   (1 )   45
Elan Hotel   13     226
Manachised hotels   13     193
Franchised hotels   -     33
ibis Hotel   9     100
Leased and owned hotels   -     16
Manachised hotels   9     38
Franchised hotels   -     46
Orange Hotel   (1 )   8
Leased hotels   (1 )   6
Manachised hotels   -     1
Franchised hotels   -     1
Midscale and upscale hotels   55     772
JI Hotel   26     390
Leased hotels   -     91
Manachised hotels   26     296
Franchised hotels   -     3
Starway Hotel   12     174
Leased hotels   -     2
Manachised hotels   15     141
Franchised hotels   (3 )   31
Joya Hotel   -     6
Leased hotels   -     3
Manachised hotels   -     3
Manxin Hotels & Resorts   3     11
Leased hotels   -     2
Manachised hotels   3     6
Franchised hotels   -     3
HanTing Premium Hotel   4     5
Leased hotels   1     1
Manachised hotels   3     4
ibis Styles Hotel    2     13
Manachised hotels    3     10
Franchised hotels    (1 )   3
Mercure Hotel   1     20
Leased hotels   -     2
Manachised hotels   1     15
Franchised hotels   -     3
Novotel Hotel   -     4
Manachised hotels   -     3
Franchised hotels   -     1
Grand Mercure    1     4
Leased hotels   -     1
Manachised hotels   1     1
Franchised hotels   -     2
Orange Select   6     103
Leased hotels   -     44
Manachised hotels   6     41
Franchised hotels   -     18
Crystal Orange   -     42
Leased hotels   -     19
Manachised hotels   -     15
Franchised hotels   -     8
Total   90     3,746
     

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  
  December 31, December 31, yoychange December 31, yoychange December 31, yoychange
  2016 2017 2016 2017 2016 2017 2016   2017  
Economy hotels   2,406   2,406   146   156 6.9 %   167   175 5.1 % 87 % 89 % 1.5 %
Leased and owned hotels   492   492   152   166 9.2 %   178   189 6.3 % 85 % 88 % 2.4 %
Manachised and franchised hotels   1,914   1,914   144   152 6.1 %   163   171 4.6 % 88 % 89 % 1.2 %
Midscale and upscale hotels   323   323   249   261 4.8 %   300   313 4.4 % 83 % 83 % 0.3 %
Leased hotels   81   81   314   321 2.4 %   348   364 4.5 % 90 % 88 % -1.9 %
Manachised and franchised hotels   242   242   217   231 6.5 %   273   286 4.7 % 79 % 81 % 1.4 %
Total   2,729   2,729   162   172 6.5 %   187   196 4.9 % 87 % 88 % 1.3 %
                       

About China Lodging Group, LimitedChina Lodging Group, Limited is a leading hotel operator and franchisor in China. As of December 31, 2017, the Company had 3,746 hotels or 379,675 rooms in operation in 378 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, 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. As of December 31, 2017, China Lodging Group operates 22 percent of its hotel rooms under lease and ownership model, 78 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