EX-99.1 2 exh_991.htm EXHIBIT 99.1 exh_991.htm
Exhibit 99.1
Contact Information
Ida Yu
Investor Relations Manager
Tel: 86 (21) 6195 9561
Email: ir@htinns.com
http://ir.htinns.com

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

Shanghai, China, April 6, 2012 – 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.

   
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