October 22, 2018

IHG: Modest U.S. growth hampers Q3 gains


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.

Get the full story at Travel Weekly and IHG

Read also "IHG details relaunch of luxury Regent brand"