Hospitality Leaders Hospitality Leaders Menu 0
Google Translate
Hospitality Industry News

InterContinental Hotels Group PLC announces Third Quarter Americas RevPAR Growth at Annual Conference for Hotel Owners

Profile Photo By: H L
October 24, 2012

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 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.

US Comparable RevPAR Growth (constant currency)

July 2012?

August 2012

Sept 2012?

Third Quarter 2012

Nine months to 30 Sept 2012

InterContinental

8.3%

10.1%

6.9%

8.4%

8.7%

Crowne Plaza

5.1%

6.5%

2.0%

4.5%

5.6%

Holiday Inn

4.7%

6.5%

3.8%

5.0%

6.4%

Holiday Inn Express

3.7%

5.6%

2.5%

4.0%

6.6%

Staybridge Suites

3.3%

3.9%

3.0%

3.4%

3.9%

Candlewood Suites

3.8%

4.2%

2.3%

3.4%

3.5%

Hotel Indigo

9.2%

12.1%

4.7%

8.6%

11.0%

Total US

4.4%

6.1%

3.1%

4.6%

6.3%

Note:

? July results were adversely impacted by the mid-week timing of the July 4th holiday.

? September results were adversely impacted by the change in timing of certain religious holidays, with some corresponding benefit expected in October.

Americas Comparable RevPAR Growth (constant currency)

July 2012?

August 2012

Sept 2012?

Third Quarter 2012

Nine months to 30 Sept 2012

InterContinental

9.5%

10.4%

6.3%

8.6%

9.3%

Crowne Plaza

5.1%

6.1%

2.1%

4.4%

5.5%

Holiday Inn

4.0%

6.5%

3.9%

4.8%

6.2%

Holiday Inn Express

3.6%

5.7%

2.4%

3.9%

6.5%

Staybridge Suites

3.5%

3.8%

3.0%

3.4%

3.8%

Candlewood Suites

3.7%

4.2%

2.3%

3.4%

3.5%

Hotel Indigo

8.8%

11.2%

3.5%

7.8%

10.2%

Total Americas

4.3%

6.2%

3.2%

4.6%

6.3%

Note

? July results were adversely impact by the mid-week timing of the July 4th holiday

?September results were adversely impacted by the change in timing of certain religious holidays, with some corresponding benefit expected in October.

 

Source: InterContinental Hotels

Suggested news

all access

Get full access to the hospitality industry news.

Sign up now. It’s free
Or import your details from