We are a leading and fast-growing multi-brand hotel group in China with leased, manachised and franchised models. Under the lease model, we directly operate hotels typically located on leased properties. Under the manachise model, we manage manachised hotels through the on-site hotel managers we appoint and collect fees from franchisees. Under the franchise model, we provide training, reservation and support services to the franchised hotels and collect fees from franchisees but do not appoint on-site hotel managers. We apply a consistent standard and platform across all of our hotels. As of December 31, 2012, we had 465 leased hotels, 516 manachised hotels and 54 franchised hotels in operation and 80 leased hotels and 330 manachised hotels under development.
Our brand porfolio covers the full travel lodging market, from economy, midscale to upscale. Hanting Hotel and Hi Inn are economy hotel brands. JI Hotel and Starway Hotels are midscale hotel brands. Joya Hotel is upscale hotel brand.
2. When was China Lodging Group founded?
China Lodging Group was founded in 2007. Its predecessor, Powerhill, started hotel operation in 2005.
3. How many employees does China Lodging Group have?
As of December 31, 2012, China Lodging Group had 12,833 employees.
4. When is the next earnings release?
China Lodging Group's quarterly earnings reports are tentatively scheduled to be released prior to 45 days following a quarter-end and prior to 90 days following the fiscal year-end. All earnings releases are posted on our website.
5. What is China Lodging Group's fiscal year and corresponding quarter-end dates?
China Lodging Group operates on a fiscal year ended at December 31. Quarter-ends are March 31 (Q1), June 30 (Q2) and September 30 (Q3).
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