SHANGHAI—China Lodging Group, Limited ("China Lodging Group" or the "Company"), a leading and high-growth limited-service hotel chain operator in China, announced Friday preliminary hotel operating results for the first quarter of 2012.
In the first quarter of 2012, the Company opened 36 net new hotels, including 9 net leased-and-operated hotels and 27 net franchised-and-managed hotels. As of March 31, 2012, the Company had 675 hotels in operation, including 353 leased-and-operated hotels and 322 franchised-and-managed hotels.
In the first quarter of 2012, the RevPAR (revenue per available room) came in at RMB156, representing a year-over-year increase of 9%. For the hotels in operation for at least 18 months, the RevPAR was RMB172, representing a 10% same-hotel RevPAR increase year-over-year.
Mr Qi Ji, founder, executive Chairman and Chief Executive Officer of the Company, commented, "we are pleased to see the robust result in the beginning of this year, attributable to the strong demand in China's travel market and our solid execution. Our fast expansion continues to win support from our customers, as evidenced by a strong year-over-year RevPAR growth."
