Last checked at 28 Oct 2013 07:00
28 October, 2013
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 today. Details of revenue per available room (RevPAR) for IHG's brands in the US and Americas for the third quarter 2013 and for the nine month period to 30 September 2013 will be disclosed at this conference and are tabled below.
IHG's comparable US RevPAR for the nine months to 30 September 2013 grew 4.5%, driven predominantly by rate up 2.9%. Third quarter US RevPAR growth was 3.5%, with rate up 2.5%. RevPAR growth of 1.6% in September was softer than the trend from preceding months, reflecting slower group business, as seen across the industry as a whole, following the earlier timing of certain holidays.
Current trading trends give us confidence for the rest of the year and our strategy for high quality growth positions us well for continuing success into the future.
IHG's full third quarter Interim Management Statement will be released at 7am UK time on Tuesday 5 November.
US Comparable RevPAR Growth (constant currency) | July 2013 | August 2013 | Sept 2013 | Third Quarter 2013 | Nine months to 30 Sept 2013 |
InterContinental | 3.7% | 11.6% | 3.7% | 6.2% | 7.6% |
Crowne Plaza | 6.6% | 4.4% | 3.0% | 4.7% | 5.6% |
Holiday Inn | 3.2% | 3.1% | (0.9)% | 1.9% | 3.4% |
Holiday Inn Express | 4.5% | 3.6% | 1.7% | 3.4% | 3.8% |
Staybridge Suites | 8.1% | 6.5% | 5.9% | 6.9% | 7.3% |
Candlewood Suites | 4.4% | 2.9% | 2.9% | 3.4% | 5.5% |
Hotel Indigo | 9.6% | 7.1% | 5.9% | 7.6% | 9.0% |
Total US | 4.6% | 4.1% | 1.6% | 3.5% | 4.5% |
Americas Comparable RevPAR Growth (constant currency) | July 2013 | August 2013 | Sept 2013 | Third Quarter 2013 | Nine months to 30 Sept 2013 |
InterContinental | 6.1% | 12.3% | 6.9% | 8.4% | 8.2% |
Crowne Plaza | 6.7% | 3.8% | 3.6% | 4.7% | 5.1% |
Holiday Inn | 3.2% | 3.3% | (0.4)% | 2.1% | 3.3% |
Holiday Inn Express | 4.4% | 3.5% | 1.7% | 3.3% | 3.6% |
Staybridge Suites | 7.8% | 6.9% | 5.9% | 6.9% | 7.2% |
Candlewood Suites | 4.4% | 3.0% | 2.9% | 3.4% | 5.4% |
Hotel Indigo | 9.0% | 6.1% | 5.4% | 6.9% | 7.6% |
Total Americas | 4.6% | 4.3% | 2.1% | 3.7% | 4.4% |
For further information, please contact:
Investor Relations (Catherine Dolton, Isabel Green): | +44 (0)1895 512 176 | Mobile +44 (0) 7808 095604 |
Media Relations (Yasmin Diamond, Zoe Bird): | +44 (0)1895 512 008 | Mobile +44 (0) 7736 746767 |
Notes to Editors:
IHG (InterContinental Hotels Group) [LON:IHG, NYSE:IHG (ADRs)] is a global organisation with a broad portfolio of nine hotel brands, including InterContinental® Hotels & Resorts, Hotel Indigo® Hotels, Crowne Plaza® Hotels & Resorts, Holiday Inn® Hotels and Resorts, Holiday Inn Express® Hotels, Staybridge Suites® Hotels, Candlewood Suites® Hotels, EVEN™ Hotels and HUALUXE™ Hotels & Resorts.
IHG manages IHG® Rewards Club, the world's first and largest hotel loyalty programme with over 74 million members worldwide. The programme was relaunched in July 2013, offering enhanced benefits for members including free internet for Elites across all hotels, globally.
IHG franchises, leases, manages or owns over 4,600 hotels and 678,000 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.ihgrewardsclub.com for more on IHG Rewards Club. For our latest news, visit:www.ihg.com/media, www.twitter.com/ihg, www.facebook.com/ihg or www.youtube.com/ihgplc.