• Loss for China Lodging

China Lodging reported a first quarter loss of CHY13.3m (USD2.1m), after reporting a profit of CHY100,000 in the same period last year.

The group saw revpar drop by 1% for hotels open at least 18 months, with the company attributing the fall to seasonality, a shift in its portfolio towards lower tier cities, soft macro economic conditions and recent security concerns.

Read the full story here: http://ir.huazhu.com/releases.cfm

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