Third Quarter Americas RevPAR Growth Announcement

RNS Number : 6616Q

InterContinental Hotels Group PLC

24 October 2011

 



24 October, 2011

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 this week.  Details of revenue per available room (RevPAR) for IHG's brands in the US and Americas for July, August and September 2011, for the third quarter 2011 and for the nine month period to 30 September 2011 will be disclosed at this conference and are tabled below.

The US industry experienced record levels of room night demand in the third quarter as leisure travellers remained resilient through the summer and demand from business travellers stayed strong. IHG comparable US RevPAR grew 8.0% in the third quarter driven by occupancy growth of 3.0 percentage points and rate growth of 3.4%, an improvement from Q2 rate growth of 2.8%.  

On a total RevPAR basis, which includes the benefit of new hotels and therefore allows a direct comparison to the Smith Travel industry data, IHG third quarter US RevPAR grew 9.5%, outperforming the US industry up 7.9%.  On this same basis, Holiday Inn and Holiday Inn Express RevPAR grew 10.4% and 9.2% respectively, outperforming the US upper midscale segment due to the continued benefits of the Holiday Inn relaunch.

IHG's full third quarter results will be announced at 7am UK time on 8 November when further commentary will be provided.

US Comparable RevPAR Growth (constant currency)	July 2011	August 2011	Sept 2011*	Third Quarter 2011	Nine months to 30 Sept 2011
InterContinental	7.1%	10.6%	10.8%	9.5%	11.1%
Crowne Plaza	4.1%	7.6%	9.6%	7.0%	6.4%
Holiday Inn	6.4%	6.6%	8.3%	7.1%	7.2%
Holiday Inn Express	7.3%	8.6%	10.4%	8.7%	8.5%
Staybridge Suites	6.1%	5.6%	7.3%	6.3%	8.5%
Candlewood Suites	10.5%	10.9%	11.0%	10.8%	10.5%
Hotel Indigo	9.9%	9.6%	13.0%	10.8%	15.6%
Total US	6.7%	7.9%	9.5%	8.0%	8.1%

*Note that September results benefited from the impact of change in timing of certain religious holidays which impact the results of September and October.

Americas Comparable RevPAR Growth (constant currency)	July 2011	August 2011	Sept 2011*	Third Quarter 2011	Nine months to 30 Sept 2011
InterContinental	6.8%	8.0%	10.2%	8.4%	8.5%
Crowne Plaza	3.6%	6.2%	8.0%	5.9%	5.7%
Holiday Inn	6.5%	6.3%	7.5%	6.7%	6.7%
Holiday Inn Express	7.2%	8.3%	10.1%	8.5%	8.2%
Staybridge Suites	6.0%	5.4%	7.6%	6.3%	8.7%
Candlewood Suites	10.6%	10.7%	10.9%	10.7%	10.5%
Hotel Indigo	10.2%	8.6%	12.9%	10.6%	14.8%
Total Americas	6.6%	7.3%	8.9%	7.6%	7.6%

*Note that September results benefited from the impact of change in timing of certain religious holidays which impact the results of September and October.

For further information, please contact:

Investor Relations (Heather Wood; Catherine Dolton):	[phone]
Media Affairs (Fiona Gornall, Joanna Cheok):	[phone]

Notes to Editors:

IHG (InterContinental Hotels Group) [LON:IHG, NYSE:IHG (ADRs)] is a global company operating seven hotel brands including InterContinental® Hotels & Resorts, Hotel Indigo®, Crowne Plaza® Hotels & Resorts, Holiday Inn® Hotels and Resorts, Holiday Inn Express®, Staybridge Suites® and Candlewood Suites® . IHG also manages Priority Club® Rewards, the world's first and largest hotel loyalty programme with over 61 million members worldwide.

IHG is the world's largest hotel group by number of rooms and franchises, leases, manages or owns over 4,400 hotels and more than 656,000 guest rooms in 100 countries and territories, and has more than 1,100 hotels in its development pipeline.  

IHG expects to recruit around 160,000 people worldwide over the next few years and is committed to gender balance throughout its business. We aspire to continue retaining a minimum of 25% female representation on the Board.

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 orwww.youtube.com/ihgplc.

 

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