November 13, 2018
Booking.com’s alternative accommodations listings surge
In the third quarter, Booking.com reported having 21% more global alternative accommodations listings than it reported having in the same quarter last year.Read more
InterContinental Hotels Group eked out a 1% gain in global third-quarter RevPAR, hampered by relatively modest progress in the U.S market.
In the Americas region, total RevPAR was flat for the third quarter as U.S. RevPAR declined 0.5% in the period. Canada, Mexico and the Latin America and Caribbean markets, however, helped buoy the region, reporting third-quarter RevPAR increases of 2.4%, 5.4% and 6.5%, respectively.
RevPAR was 2.5% for the quarter across IHG’s Europe, Middle East, Asia & Africa region, bolstered by third-quarter RevPAR growth of 4.3% in Continental Europe and a double-digit increase in RevPAR in Russia. IHG saw low single-digit RevPAR declines, however, across the Middle East and Australia.
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