china lodging group-spon ads (HTHT) Key Developments
China Lodging Group, Limited Announces Management Appointments
Jan 26 15
China Lodging Group, Limited announced the appointment of Ms. Jenny Zhang as President of the company. Concurrently, the company appointed Ms. Hui Chen as Executive Vice President of Finance and Mr. Yunhang Xie as Chief Strategy Officer. All appointments became effective on January 23, 2015. Ms. Zhang has been Chief Financial Officer since March 2008 and Chief Strategy Officer since November 2013. In her new role, Ms. Zhang will be responsible for leading the overall operations, in addition to her responsibility as the CFO. She reports to Mr. Qi Ji, the CEO of the Company, who is mainly responsible for strategy, high-level decisions and corporate culture. In the role of EVP of Finance, Ms. Chen will be responsible for all internal financial management and report to Jenny Zhang. She joined the Company in 2014. Previously, Ms. Chen once served as the Chief Financial Officer of Home Inns Group and the Finance Director of Ctrip.com. Mr. Xie joined the Company in 2012 and served as Chief Operating Officer. In the new role of CSO, Mr. Xie will be responsible for digital strategy and report to Ms. Zhang.
China Lodging Group, Limited Reports Preliminary Results for the Hotel Operations in the Fourth Quarter Ended December 31, 2014
Jan 13 15
China Lodging Group, Limited reported preliminary results for the hotel operations in the fourth quarter ended December 31, 2014. For the quarter leased hotels occupancy rate was 87% compared to 89% a year ago. Manachised hotels occupancy rate was 86% compared to 91% a year ago. Blended occupancy rate was 87% compared to 90% a year ago. Average daily room rate for leased hotels were RMB 190 compared to RMB 187 a year ago. Average daily room rate for Manachised hotels were RMB 169 compared to RMB 171 a year ago. Average daily room rate for Blended hotels were RMB 176 compared to RMB 178 a year ago. RevPAR at leased hotels were RMB 166 compared to RMB 166 a year ago. RevPAR at Manachised hotels were RMB 145 compared to RMB 155 a year ago. RevPAR at Blended hotels were RMB 153 compared to RMB 160 a year ago.
China Lodging Group, Limited Provides Earnings Guidance for the Third Quarter of Fiscal 2014
Jan 9 15
China Lodging Group, Limited provided earnings guidance for the third quarter of fiscal 2014. For the period, the company expects its net revenues to grow 20% to 22% year-over-year.
Groundbreaking Alliance Between Accor and Huazhu Hotels Group Creates a Hotel Giant in China
Dec 15 14
Accor and Huazhu Hotels Group sealed an extensive and long-term alliance to create the most prominent and diversified hotel company in China, with more than 2,000 hotels and the strongest pipeline in the country. The objective of the alliance is to bring together the best of the two respective groups, combining Accor's internationally recognized brands and powerful global distribution network with the extensive coverage, local reputation and strong development capability of Huazhu Hotels Group in China. Together the groups have more than 500 hotels in the pipeline in the region and the alliance is expected to further accelerate development to new levels and see faster expansion of Accor's brands in China. This strategic alliance aims at accelerating expansion by leveraging Huazhu's strength in development, real estate investor relations and experience in operating a sizable hotel network in China. Huazhu plans to open 350 to 400 new hotels under the Accor brands in the next five years. The agreement will offer the customers of both loyalty programs the opportunity to access a network of over 5,600 hotels globally.
China Lodging Group, Limited - Special Call
Dec 14 14
To discuss the strategic alliance with Accor