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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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July 11, 2014
05:33 EDTHTHTChina Lodging Group reports 139 hotels in operation added during Q2
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