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

SHANGHAI, July 12, 2012 /PRNewswire-Asia-FirstCall/ -- 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 second quarter of 2012.

In the second quarter of 2012, the Company opened 35 net leased ("leased-and-operated") hotels and 43 net manachised ("franchised-and-managed") hotels. The Company also completed an investment in Starway Hotels (Hong Kong) Limited ("Starway") to own a majority stake. As of June 30, 2012, the Company had 388 leased hotels, 365 manachised hotels, and 110 franchised Starway hotels in operation. In the second quarter of 2012, excluding franchised Starway hotels, the blended RevPAR came in at RMB176, representing a year-over-year increase of 4%. For the hotels in operation for at least 18 months, excluding franchised Starway hotels, the RevPAR was RMB195, representing a 7% same-hotel RevPAR increase year-over-year, with a 3% increase in ADR and a 4% increase in occupancy.

Mr Qi Ji, founder, executive Chairman and Chief Executive Officer of the Company, commented, "We have once again delivered a solid quarter. The performance for our overall network improved year-over-year due to strong demand in China's travel market and our solid execution. The addition of Starway has strengthened our leadership position in the mid-scale hotel market and accelerates our expansion in this segment."

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 four brands, namely, Seasons Hotel, Starway Hotel, HanTing Express Hotel, and Hi Inn. For more information, please visit the Company's website:

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 Information

Ida Yu
Investor Relations Manager
Tel: 86 (21) 6195 9561

                                                                                                                   China Lodging Group, Limited
                                                                                                                          Operating Data

                                                                                                                                                     As of
                                                                                                                                                   June 30,                 March 31,         June 30,
                                                                                                                                                                      2011              2012             2012
                                                                                                                                                                      ----              ----             ----
    Total hotels in operation:                                                                                                                                         516               675              863
      Leased hotels                                                                                                                                                    281               353              388
      Manachised hotels                                                                                                                                                235               322              365
      Franchised hotels*                                                                                                                                                 -                 -              110
    Total hotel rooms in operation                                                                                                                                  58,786            75,622           95,573
      Leased hotels                                                                                                                                                 33,677            42,057           46,083
      Manachised hotels                                                                                                                                             25,109            33,565           38,045
      Franchised hotels*                                                                                                                                                 -                 -           11,445
    Number of cities                                                                                                                                                    80               111              131

    * refers to franchised Starway hotels

                                                                                                                                             For the quarter ended
                                                                                                                                                   June 30,                 March 31,         June 30,
                                                                                                                                                                      2011              2012             2012
                                                                                                                                                                      ----              ----             ----
    Occupancy rate (as a percentage)
      Leased hotels                                                                                                                                                     92%               90%              97%
      Manachised hotels                                                                                                                                                 95%               92%              98%
      Blended                                                                                                                                                           93%               91%              97%
    Average daily room rate (in RMB)
      Leased hotels                                                                                                                                                    187               176              187
      Manachised hotels                                                                                                                                                176               166              175
      Blended                                                                                                                                                          182               172              181
    RevPAR (in RMB)
      Leased hotels                                                                                                                                                    172               158              181
      Manachised hotels                                                                                                                                                168               153              171
      Blended                                                                                                                                                          170               156              176

    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
                                                                                                                                                   June 30,
                                                                                                                                                                      2011              2012
                                                                                                                                                                      ----              ----
    Total                                                                                                                                                              428               428
      Leased hotels                                                                                                                                                    239               239
      Manachised hotels                                                                                                                                                189               189
    Total                                                                                                                                                           49,875            49,875
      Leased hotels                                                                                                                                                 29,795            29,795
      Manachised hotels                                                                                                                                             20,080            20,080
    Occupancy rate (as a percentage)                                                                                                                                    98%              102%
    Average daily rate (in RMB)                                                                                                                                        186               191
    RevPAR (in RMB)                                                                                                                                                    182               195

SOURCE China Lodging Group, Limited

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