News for the Hospitality Executive
InterContinental Hotels Group PLC Reports Third Quarter
24 October, 2012 - 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.
¹ July results were adversely impacted by the mid-week timing of the July 4th holiday.
² September results were adversely impacted by the change in timing of certain religious holidays, with some corresponding benefit expected in October.
¹ July results were adversely impact by the mid-week timing of the July 4th holiday
²September results were adversely impacted by the change in timing of certain religious holidays, with some corresponding benefit expected in October.
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.
Reports Interim Results to June 30, 2012; Profits of $286 million, up
from $269 million in the Year-Ago Quarter; Global RevPAR Up 6.5%; Plans
to Return $1 billion to Shareholders / August 2012
Reports First Quarter 2012 Profits of $118 million, up 5% from $112
million in the Year-Ago Quarter; Global RevPAR Up 7% / May 2012
Reports Preliminary 2011 Financial Results with a 26% Growth in
Operating Profit to $559 million Compared to $444 million in 2010;
Global RevPAR Up 6.2% / February 2012
Posts a 33% Rise in Operating Profit Through Q3 2011 to $153 million
Compared with $115 million in the Same Period a Year Earlier; Global
RevPAR Up 6.4% Overall Led by China with RevPAR Growth of 10.8% /
Posts a 21% Rise in Operating Profit Through Q2 2011 to $269 million
Compared with $219 million in the Same Period a Year Earlier; Global
RevPAR Up 6.7% Overall; Greater China Reporting RevPAR Growth of 12.7%
/ August 2011
Posts a 35% Rise in Operating Profit Q1 2011 to $112 million Compared
with $83 million in the Same Period a Year Earlier; Global RevPAR Up
6.9% Overall; Greater China Reporting RevPAR Growth of 18.8% / May
Posts a 22% Rise in Net Income for 2010 to $444 million Compared with
$363 million in the Same Period a Year Earlie; Global RevPAR Up 6.2%
Overall; Asia Pacific Reporting RevPAR Growth of Nearly 11% /
|InterContinental Hotels 2009 Profit Falls 34% to $363 million (230 million pounds), Sales Totaled $1.5 billion, from $1.9 billion a Year Ago; RevPAR Fell 14.7% for the Year / Brand Operating Statistic / February 2010|