Third Quarter Americas RevPAR

RNS Number : 9074U

InterContinental Hotels Group PLC

25 October 2010

 



25 October, 2010

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 this week.  Details of revenue per available room (RevPAR) for IHG's brands in the Americas for July, August and September 2010, for the third quarter 2010 and for the nine month period to 30 September 2010 will be disclosed at this conference and are tabled below.

RevPAR growth in the Americas region accelerated through the third quarter to 6.7% driven by occupancy growth of 3.8 percentage points and rate growth of 0.8% as business travellers continued to return in greater numbers.  Rate growth improved through the quarter.

Holiday Inn and Holiday Inn Express RevPAR growth accelerated in the third quarter driven by the success of the relaunched hotels which are strongly outperforming those hotels that have not completed the relaunch.  Third quarter RevPAR growth at hotels which completed the relaunch grew by 7.9% at Holiday Inn and 6.8% at Holiday Inn Express.  In the US, these hotels now sit at a 36% and 20% RevPAR premium to their respective industry segments.  

IHG's full third quarter results will be announced at 7am UK time on 9 November when further commentary will be provided.

Americas Comparable RevPAR Growth (constant currency)	July 2010	August 2010	Sept 2010	Third Quarter 2010	Nine months to 30 Sept 2010
InterContinental	13.8%	9.7%	11.7%	11.8%	8.1%
Crowne Plaza	5.1%	5.4%	6.0%	5.5%	4.6%
Holiday Inn	6.1%	5.6%	7.3%	6.3%	3.0%
- relaunched (557 hotels)				7.9%	4.7%
- not relaunched (240 hotels)				2.2%	(1.1)%
Holiday Inn Express	6.3%	6.7%	6.3%	6.4%	3.3%
- relaunched (1,347 hotels)				6.8%	3.8%
- not relaunched (244 hotels)				3.9%	0.0%
Staybridge Suites	4.7%	9.7%	9.9%	8.0%	6.3%
Candlewood Suites	4.6%	6.5%	7.6%	6.2%	1.8%
Hotel Indigo	9.2%	10.7%	15.7%	11.8%	9.6%
Total Americas	6.4%	6.5%	7.3%	6.7%	3.9%

For further information, please contact:

Investor Relations (Heather Wood; Catherine Dolton):	[phone]
Media Affairs (Leslie McGibbon, Giles Deards):	[phone]	[phone]

Notes to Editors:

InterContinental Hotels Group (IHG) [LON:IHG, NYSE:IHG (ADRs)] is the world's largest hotel group by number of rooms.  IHG franchises, leases, manages or owns, through various subsidiaries, over 4,500 hotels and more than 650,000 guest rooms in 100 countries and territories around the world.  The Group owns a portfolio of well recognised and respected hotel brands including InterContinental^® Hotels & Resorts, Hotel Indigo^®, Crowne Plaza^® Hotels & Resorts, Holiday Inn^® Hotels and Resorts, Holiday Inn Express^®, Staybridge Suites^® and Candlewood Suites^® and also manages the world's largest hotel loyalty programme, Priority Club^® Rewards with 52 million members worldwide.

IHG has over 1,300 hotels in its development pipeline, which will create 160,000 jobs worldwide 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.

IHG offers information and online reservations for all its hotel brands at www.ihg.com and information for the Priority Club Rewards programme at www.priorityclub.com. For the latest news from IHG, visit our online Press Office at www.ihg.com/media

 

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