Third Quarter Americas RevPAR Growth Announcement

RNS Number : 3647P

InterContinental Hotels Group PLC

24 October 2012

 



24 October, 2012

InterContinental Hotels Group PLC announces Third Quarter Americas RevPAR Growth at Annual Conference for Hotel Owners

InterContinental Hotels Group's ("IHG") annual conference for hotel owners in the Americas region commences today.  Details of revenue per available room (RevPAR) for IHG's brands in the US and Americas for July, August and September 2012, for the third quarter 2012 and for the nine month period to 30 September 2012 will be disclosed at this conference and are tabled below.

IHG comparable US RevPAR for the nine months to 30 September 2012 grew 6.3%, driven predominantly by rate up 4.3%.  Third quarter US RevPAR growth was slightly softer at 4.6%, with 4.0% rate growth, reflecting the shift in timing of certain holidays which adversely impacted results in both July and September.  

The US industry continues to benefit from a favourable supply and demand dynamic.  Supply growth remains well below historic levels and the industry has broken monthly records for room nights sold in each of the past nineteen months, although the pace of demand growth is expected to continue to slow.

IHG's full third quarter results will be announced at 7am UK time on 6 November when further commentary will be provided.

US Comparable RevPAR Growth (constant currency)	July 2012¹	August 2012	Sept 2012²	Third Quarter 2012	Nine months to 30 Sept 2012
InterContinental	8.3%	10.1%	6.9%	8.4%	8.7%
Crowne Plaza	5.1%	6.5%	2.0%	4.5%	5.6%
Holiday Inn	4.7%	6.5%	3.8%	5.0%	6.4%
Holiday Inn Express	3.7%	5.6%	2.5%	4.0%	6.6%
Staybridge Suites	3.3%	3.9%	3.0%	3.4%	3.9%
Candlewood Suites	3.8%	4.2%	2.3%	3.4%	3.5%
Hotel Indigo	9.2%	12.1%	4.7%	8.6%	11.0%
Total US	4.4%	6.1%	3.1%	4.6%	6.3%

Note:

¹ July results were adversely impacted by the mid-week timing of the July 4^th holiday.

² September results were adversely impacted by the change in timing of certain religious holidays, with some corresponding benefit expected in October.

Americas Comparable RevPAR Growth (constant currency)	July 2012¹	August 2012	Sept 2012²	Third Quarter 2012	Nine months to 30 Sept 2012
InterContinental	9.5%	10.4%	6.3%	8.6%	9.3%
Crowne Plaza	5.1%	6.1%	2.1%	4.4%	5.5%
Holiday Inn	4.0%	6.5%	3.9%	4.8%	6.2%
Holiday Inn Express	3.6%	5.7%	2.4%	3.9%	6.5%
Staybridge Suites	3.5%	3.8%	3.0%	3.4%	3.8%
Candlewood Suites	3.7%	4.2%	2.3%	3.4%	3.5%
Hotel Indigo	8.8%	11.2%	3.5%	7.8%	10.2%
Total Americas	4.3%	6.2%	3.2%	4.6%	6.3%

Note

¹ July results were adversely impact by the mid-week timing of the July 4^th holiday

²September results were adversely impacted by the change in timing of certain religious holidays, with some corresponding benefit expected in October.

For further information, please contact:

Investor Relations (Catherine Dolton, Isabel Green):	[phone]
Media Relations (Yasmin Diamond, Kari Kerr):	[phone]	[phone]

Notes to Editors:

IHG (InterContinental Hotels Group) [LON:IHG, NYSE:IHG (ADRs)] is a global organisation with nine hotel brands including InterContinental® Hotels & Resorts, Hotel Indigo®, Crowne Plaza® Hotels & Resorts, Holiday Inn® Hotels and Resorts, Holiday Inn Express®, Staybridge Suites®, Candlewood Suites®, as well as our two newest brands, EVEN™ Hotels and HUALUXE™ Hotels & Resorts. IHG also manages Priority Club® Rewards, the world's first and largest hotel loyalty programme with over 67 million members worldwide.

IHG franchises, leases, manages or owns over 4,500 hotels and more than 666,000 guest rooms in nearly 100 countries and territories. With more than 1,000 hotels in its development pipeline, IHG expects to recruit around 90,000 people into additional roles across its estate over the next few years.

InterContinental Hotels Group PLC is the Group's holding company and is incorporated in Great Britain and registered in England and Wales.

Visit www.ihg.com for hotel information and reservations and www.priorityclub.com for more on Priority Club Rewards. For our latest news, visit www.ihg.com/media, www.twitter.com/ihgplc, www.facebook.com/ihg or www.youtube.com/ihgplc.

 

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