Q3 2017 Financial Reports Round Up Part 1: IHG, AccorHotels, LaSalle

/Q3 2017 Financial Reports Round Up Part 1: IHG, AccorHotels, LaSalle

Q3 2017 Financial Reports Round Up Part 1: IHG, AccorHotels, LaSalle

|2017-10-20T13:36:19+00:00October 20th, 2017|

AccorHotels reports strong third quarter revenue increases, up 6.4%, and are confident of meeting full-year 2017 operating profit guidance at the upper end of the €460 million ($542.1 million) to €480 million ($566 million), as announced in July.

InterContinental Hotels Group saw a 2.3% increase in revenue per available room; Globally opened 11K rooms, increasing net system size 4.1% YoY to 786K rooms; Future growth includes 20K rooms (137 hotels) signed; pipeline of 235K rooms

LaSalle Hotel Properties saw a 79.6% decline in net income to $31.1 million primarily due to challenges as a result of resort closeures from hurricanes and growing hotel supply and less citywide demand in our markets. Excluding Key West, the Company’s third quarter RevPAR decreased 3.6%.

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