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IHG sees global revpar rise by 3.9% in third quarter

06 November 2012
IHG sees global revpar rise by 3.9% in third quarter

InterContinental Hotels Group (IHG) has seen its global revpar grow by 3.9% in its third quarter to 30 September 2012, as it enjoyed outperformance of the rest of the market in the US and China.

Revpar was up by 4.6% in the Americas, 2% in Europe and 2.9% in Africa, the Middle East and Asia (AMEA). Revpar in greater China grew 4%.

The company has a global network of 4,573 hotels, totalling 672,252 rooms, up 2.1% on the year to date. It has a further 1,042 hotels in the pipeline.

In the UK, revpar grew 3.9% for the period, reflecting stronger trading during the Olympic and Paralympic games, with a weaker performance before and after.

The group's international revenue for the period was $473m (£296m), up 1% on the same period a year before. Operating profit was up 9% to $167m (£105m).

By Neil Gerrard

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