• China Lodging tops expectations

China Lodging increased revenues 26.8% in the fourth quarter and 29.3% for 2013. Overall revpar slipped to RMB160 from RMB175 in the third quarter, due to lower occupancy and a weaker economy.

Same hotel full year revpar eased up 1% while midscale properties saw same hotel revpar increase 3.5%. During the final quarter, the group opened 27 leased and operated hotels, and 58 manachised properties.
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