SHANGHAI, China, Jan. 11, 2016 (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 its preliminary results for the hotel operation in the fourth quarter ended December 31, 2015.
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 2015 | in Q4 2015 | in Q4 2015 | December 31, 2015 | in Q4 2015 | December 31, 2015 | |||||||
| Leased hotels | 4 | (7 | ) | (3 | ) | 616 | 52 | 75,436 | ||||
| Manachised and franchised hotels | 192 | (14 | ) | 178 | 2,147 | 14,715 | 203,407 | |||||
| Total | 196 | (21 | ) | 175 | 2,763 | 14,767 | 278,843 | |||||
| (1) Reasons for closures include contract expiration, failure to meet our standards and others. | ||||||||||||
| Number of hotels in pipeline as of December 31, 2015 | ||
| Leased hotels | 21 | |
| Manachised and franchised hotels | 656 | |
| Total | 677 | |
Operating Metrics
| For the quarter ended | ||||||||||
| December 31, | September 30, | December 31, | ||||||||
| 2014 | 2015 | 2015 | ||||||||
| Occupancy rate (as a percentage) | ||||||||||
| Leased hotels | 87 | % | 91 | % | 86 | % | ||||
| Manachised hotels | 86 | % | 89 | % | 84 | % | ||||
| Franchised hotels | N/A | 73 | % | 67 | % | |||||
| Blended | 87 | % | 89 | % | 84 | % | ||||
| Average daily room rate (in RMB) | ||||||||||
| Leased hotels | 190 | 207 | 201 | |||||||
| Manachised hotels | 169 | 179 | 167 | |||||||
| Franchised hotels | N/A | 187 | 172 | |||||||
| Blended | 176 | 188 | 177 | |||||||
| RevPAR (in RMB) | ||||||||||
| Leased hotels | 166 | 188 | 172 | |||||||
| Manachised hotels | 145 | 159 | 141 | |||||||
| Franchised hotels | N/A | 137 | 116 | |||||||
| Blended | 153 | 167 | 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 | ||||||||||
| December 31, | yoy | |||||||||
| 2014 | 2015 | change | ||||||||
| Total | 1,612 | 1,612 | ||||||||
| Leased hotels | 568 | 568 | ||||||||
| Manachised and franchised hotels | 1,044 | 1,044 | ||||||||
| Occupancy rate (as a percentage) | 89 | % | 86 | % | -2.6 | % | ||||
| Average daily room rate (in RMB) | 178 | 178 | 0.0 | % | ||||||
| RevPAR (in RMB) | 158 | 154 | -2.9 | % | ||||||
Business Update by Segment
| Hotel breakdown by segment | ||||
| Number of hotels in operation | ||||
| Net added | As of | |||
| in Q4 2015 | December 31, 2015 | |||
| Economy hotels | 136 | 2,453 | ||
| HanTing Hotel | 69 | 2,003 | ||
| Leased hotels | (6 | ) | 495 | |
| Manachised hotels | 75 | 1,508 | ||
| Hi Inn | 35 | 302 | ||
| Leased hotels | (1 | ) | 38 | |
| Manachised hotels | 36 | 251 | ||
| Franchised hotels | - | 13 | ||
| Elan Hotel | 32 | 148 | ||
| Manachised hotels | 26 | 128 | ||
| Franchised hotels | 6 | 20 | ||
| Midscale and upscale hotels | 39 | 310 | ||
| JI Hotel | 21 | 186 | ||
| Leased hotels | 4 | 75 | ||
| Manachised hotels | 17 | 111 | ||
| Starway Hotel | 17 | 118 | ||
| Leased hotels | (1 | ) | 4 | |
| Manachised hotels | 14 | 67 | ||
| Franchised hotels | 4 | 47 | ||
| Joya Hotel | - | 3 | ||
| Leased hotels | - | 2 | ||
| Manachised hotels | - | 1 | ||
| Manxin Hotels & Resorts | - | 2 | ||
| Leased hotels | - | 1 | ||
| Manachised hotels | - | 1 | ||
| Mercure Hotel | 1 | 1 | ||
| Leased hotels | 1 | 1 | ||
| Total | 175 | 2,763 | ||
| 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, | yoy | December 31, | yoy | December 31, | yoy | |||||||||||||||
| 2014 | 2015 | 2014 | 2015 | change | 2014 | 2015 | change | 2014 | 2015 | change | |||||||||||
| Economy hotels | 1,491 | 1,491 | 152 | 145 | -4.6 | % | 169 | 167 | -1.2 | % | 90 | % | 87 | % | -3.1 | % | |||||
| Leased hotels | 510 | 510 | 156 | 147 | -5.3 | % | 175 | 173 | -0.9 | % | 89 | % | 85 | % | -4.0 | % | |||||
| Manachised and franchised hotels | 981 | 981 | 149 | 143 | -4.2 | % | 166 | 163 | -1.5 | % | 90 | % | 87 | % | -2.5 | % | |||||
| Midscale and upscale hotels | 121 | 121 | 224 | 241 | 7.8 | % | 270 | 282 | 4.7 | % | 83 | % | 85 | % | 2.4 | % | |||||
| Leased hotels | 58 | 58 | 245 | 276 | 12.5 | % | 291 |
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