Net Revenues for the second quarter increased 39.2% year-over-year to RMB438.9 million (US$64.7 million, note 1), exceeding guidance of RMB395 to RMB415 million
Net income attributable to China Lodging Group, Limited for the second quarter increased 185% year-over-year to RMB79.7 million (US$11.8 million)
Occupancy rate reached 98% and average daily rate ("ADR") RMB196, resulting in revenue per available room (" RevPAR" ) of RMB192, a 15% year-over-year increase
324 hotels were in operation and 159 hotels under development as of June 30, 2010
The Company raised guidance for full year net revenues growth to 35% to 37%, up from previously announced range of 33% to 35%
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Showing posts with label China Lodging Group. Show all posts
Showing posts with label China Lodging Group. Show all posts
