In October 2011, the RevPAR (revenue per available room) came in at RMB176, representing an increase of 6% from September, due to normal seasonality.
China Lodging Group, Limited (NASDAQ: HTHT), a leading and high-growth economy hotel chain operator in China, provided an update on the Company's hotel operating performance in October 2011.
In October 2011, the RevPAR (revenue per available room) came in at RMB176, representing an increase of 6% from September, due to normal seasonality. Outside of Shanghai, for the hotels in operation for at least 18 months, the same-hotel RevPAR increased 6% year-over-year, with 4% increase in ADR and 2% increase in occupancy.
Matthew Zhang, the CEO of the Company, commented, "we are pleased to see the robust result of October, attributable to the strong demand in China's travel market and our solid execution. We maintain our quarterly revenue guidance of RMB635 to RMB655 million."
About China Lodging Group, Limited
China Lodging Group, Limited is a leading and high-growth economy hotel chain operator in China. The Company provides business and leisure travelers with high-quality, and conveniently-located hotel products under three brands, namely, HanTing Seasons Hotel, HanTing Express Hotel, and HanTing Hi Inn.
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