China Lodging Group, Limited Announces Its Preliminary Results for Hotel Operation in the Third Quarter of 2017
October 17 2017 - 4:00AM
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 rate
(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.comhttp://ir.huazhu.com
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