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January 10, 2013
17:06 EDTHTHTChina Lodging Group reports preliminary Q4 hotel operating results
In Q4, excluding franchised Starway hotels, the blended RevPAR came in at RMB162, compared with RMB167 a year ago. For the hotels in operation for at least 18 months, excluding franchised Starway hotels, the RevPAR was RMB179, representing a 2% same-hotel RevPAR increase year-over-year, with a 1% increase in ADR and a 1% increase in occupancy. In Q4, the company added 51 leased hotels and 69 net franchised and managed hotels. As of December 31, 2012, the company had 466 leased hotels, 515 manachised hotels, and 54 franchised Starway hotels in operation.
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August 12, 2014
07:40 EDTHTHTChina Lodging Group price target raised to $29 from $27 at Brean Capital
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August 11, 2014
17:09 EDTHTHTChina Lodging Group sees Q3 net revenue growth 20%-22%, consensus $1.39B
"Thanks to the strong growth in China travel market and our proven results, we have continued to see a robustly growing pipeline, with another record high of 505 hotels as end of second quarter this year. Our midscale hotels saw a remarkable progress with 137 hotels in operation and 83 hotels in the pipeline. The same-hotel RevPAR for midscale hotels registered low teen year-over-year increase in the first half. We remain confident in the growth of China economy hotel market as only 20% of the market has been consolidated so far. Our economy hotel brands, HanTing Hotel and Hi Inn, both are well on track to expand across the country. In addition, we recently launched Elan Hotel, which is a new non-standardized economy hotel brand. We expect to further capture the opportunity for consolidation in the economy hotel market with the brand portfolio in the coming years," commented Mr. Qi Ji, founder, Executive Chairman and CEO of China Lodging Group.
17:08 EDTHTHTChina Lodging reports Q2 adj EPS 34c, may not compare to consensus $1.76
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